Results 261 to 270 of about 20,477 (309)

Asset liquidity and stock returns

open access: yesAdvances in Accounting, 2016
We document the significant predictive power of firms' asset liquidity in the cross section of subsequent stock returns. The annual return spread between portfolios featuring the highest and lowest levels of asset liquidity is significantly positive. Our
Ze-To, S.
exaly   +2 more sources

Further tests of asset pricing models: Liquidity risk matters

open access: yesEconomic Modelling, 2021
The recent asset pricing literature has largely neglected liquidity risk since the price-impact-based factor shows limited pricing ability. Using different liquidity factors, this paper evaluates the liquidity-risk-based models together with the non ...
Ma, Xiuli, Zhang, Xindong, Liu, Weimin
exaly   +3 more sources

Asset Liquidity and Stock Liquidity: International Evidence

open access: yesJournal of Business Finance and Accounting, 2014
This study examines the relationship between asset liquidity and stock liquidity across 47 countries. In support of the valuation uncertainty hypothesis, we find that firms with greater asset liquidity on average have higher stock liquidity.
Charlie Charoenwong   +2 more
exaly   +2 more sources

Asset Safety versus Asset Liquidity

Journal of Political Economy, 2023
Recently, a lot of attention has been paid to the role “safe and liquid assets” play in the macroeconomy. Many economists take as given that safer assets will also be more liquid, and some go a step further by practically using the two terms as synonyms.
Geromichalos, Athanasios   +2 more
openaire   +2 more sources

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