Holmstrom, B., & Tirole, J. (1993). Market Liquidity and Performance Monitoring. Journal of Political Economy, 101, 678-709.
https://doi.org/10.1086/261893

has been cited by the following article:

• TITLE: Illiquidity and the Risk of Stock Market Crash

  AUTHORS: Yaping Wang, Zhaohui Wang, Yi Dang

  KEYWORDS: Stock Market Crash, Illiquidity, Market Risk

  JOURNAL NAME: American Journal of Industrial and Business Management, Vol.10 No.2, February 25, 2020

  ABSTRACT: This paper aims to study the impact of illiquidity on the risk of stock market crashes. Through empirical research on daily and weekly data of the Shanghai Composite Index, it is found that high liquidity can relieve the risk of stock market crash. For this reason, this article proposes to establish a stock market liquidity monitoring and early warning mechanisms, rationally control market leverage, and strengthen supervision of hot money.