The Value of Control and the Costs of Illiquidity: Erratum

• Author: RUI ALBUQUERQUE,ENRIQUE SCHROTH
• Date: 01 December 2015
• DOI: http://doi.org/10.1111/jofi.12359
• Published date: 01 December 2015

THE JOURNAL OF FINANCE •VOL. LXX, NO. 6 •DECEMBER 2015

The Value of Control and the Costs of Illiquidity:

Erratum

RUI ALBUQUERQUE and ENRIQUE SCHROTH

The editor regrets an error in the Albuquerque and Schroth article (2015)inthe

August 2015 issue. On page 1410, in the fifth sentence of the second paragraph

it should read “This strong association captures the fact that most trades are

concentrated in two regions of the scatter plot, with 74% of the trades with

positive CAR exhibiting a positive BP and 75% of the trades with a negative

CAR exhibiting a negative BP.”

REFERENCE

Albuquerque, Rui and Schroth, Enrique, 2015, The Value of Control and the Costs of Illiquidity.

The Journal of Finance, 70, 1405–1455. doi: 10.1111/jofi.12207

DOI: 10.1111/jofi.12359

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