. Journal of Financial Economics 65, 111-130. Chordia T, Sarkar A, Subrahmanyam A, 2005. An empirical analysis of stock and bond market liquidity. Review of Financial Studies 18, 85-129. Chordia T, Goyal A, Sadka G, Sadka R, Shivakumar L, 2009. Liquidity and the Post-Earnings- Announcement-Drift. Financial Analysts Journa