This study investigates the relationship between stock liquidity and firm innovation for publicly traded growing small and medium-sized enterprises (SMEs) in China using both innovation input and output. We collected samples of 785 SMEs from China’s She
On capital structure and the liquidity of a firm's stock. Available at SSRN: https://ssrn.com/abstract=880421On capital structure and the liquidity of a firm’’s stock. Laura,Rodolfo. The Journal of Finance . 2006Frieder L,Martell R.on capital structure and the liquidity of a firm’’...
This paper establishes liquidity linkage between stock and Treasury bond markets. There is a lead-lag relationship between illiquidity of the two markets and bidirectional Granger causality. The effect of stock illiquidity on bond illiquidity is consistent with flight-toquality or flight-to-liquidity ep...
We document that the risks and pre-fee returns of broad hedge fund indices can be accurately matched with simple equity index put writing strategies, which... JW Jurek,E Stafford - 《Journal of Finance》 被引量: 71发表: 2015年 Stock Market Liquidity and the Cost of Raising Capital This pa...
Thebid-ask spreadand volume of a particular stock are closely interlinked and play a significant role in the liquidity. Thebidis the highest price investors are willing to pay for a stock, while theaskis the lowest price at which investors are willing to sell a stock. Because these two pri...
A primary goal of cross-border stock exchange mergers is to create deeper pools of liquidity. We investigate whether and how the formation of the Euronext stock exchange (from the Amsterdam, Brussels, Paris, and Lisbon exchanges) accomplished this goal. To facilitate deeper pools of liquidity, Eu...
a new model,the liquidity cost-risk rectangle and the iso-liquidity risk curve,which integrate the former two different methods.We test our new model by employing a sample of the listed 107 A-stock's in Shanghai Stock Market.The results show that our model can measure liquidity risk of ...
Financial literature indicates that rational investors who think they hold shares in exchange for lower returns with higher degree of liquidity they claim. Several studies about the relationship between stock returns and liquidity indicate a negative relationship between them. In current study, the ...
Consider a hypothetical stock for XYZ, Inc. In one situation, it has a high trading volume and a tight bid-ask spread of $0.02, indicating high liquidity, which means shares can be easily bought or sold without significantly affecting the price. Alternatively, a stock for ABC, Inc. has a...
(1997), "The Effects of Equity Issues on Ownership Structure and Stock Liquidity: A comparison of rights and public offerings", Journal of Financial ... M Kothare - 《Journal of Financial Economics》 被引量: 299发表: 1997年 The Transmission of U.S. Election Cycles to International Stock Ret...