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Author (up) Çötelioğlu, E.; Franzoni, F.; Plazzi, A. url  openurl
  Title What Constrains Liquidity Provision? Evidence from Institutional Trades* Type Journal Article
  Year 2020 Publication Review of Finance Abbreviated Journal Rev Financ  
  Volume Issue Pages  
  Abstract The article studies liquidity provision by institutional investors using trade-level data. We find that hedge fund trades are a more important predictor of stock-level liquidity than mutual fund trades. However, hedge funds’ liquidity provision is more exposed to financial conditions than that of mutual funds. Hedge funds that are more constrained in terms of leverage, age, asset illiquidity, and past performance exhibit a stronger shift toward liquidity consumption when funding condition tighten. Stocks with more exposure to constrained liquidity providing hedge funds suffered more during the financial crisis.  
  Corporate Author Thesis  
  Publisher Place of Publication Editor  
  Language Summary Language Original Title  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 1572-3097 ISBN Medium  
  Area Expedition Conference  
  Notes Approved no  
  Call Number USI @ alberto.plazzi @ Serial 46109  
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