Results 111 to 120 of about 24,822 (265)
The Asian liquidity crisis [PDF]
A country's financial system is internationally illiquid if its potential short-term obligations in foreign currency exceed the amount of foreign currency it can have access to in short notice. This condition may be necessary and sufficient for financial
Andres Velasco, Roberto Chang
core
Market efficiency of cryptocurrency: evidence from the Bitcoin market. [PDF]
Sci Rep, 2023 Yi E, Yang B, Jeong M, Sohn S, Ahn K.
europepmc +1 more source
Optimal Hedging Strategies in the Low‐Sulphur Bunker Fuel Landscape
European Financial Management, EarlyView.ABSTRACT The IMO2020 regulation for the green transition in shipping turned the industry into using two compliant bunker fuels: very low‐sulphur fuel oil (VLSFO) and low‐sulphur marine gas oil (LSMGO). VLSFO futures contracts introduced in late 2019 and other energy‐related futures contracts indicate that the VLSFO contracts trading on the Singapore ...
Xiwen Bai +2 more
wiley +1 more source
The Role of Liquidity Factors and Illiquidity Risk on Excess Stock Return in Tehran Stock Exchange [PDF]
بررسیهای حسابداری و حسابرسی, 2009 Regarding the importance of the relationship between risk and return, the effect of illiquidity risk and liquidity factors such as excess market return, firm size and book to market value ratio on excess stock return are investigated in this research. By
محمود یحییزادهفر +1 more
doaj
Managing investment risks of institutional private equity investors: The challenge of illiquidity [PDF]
Since private equity investments are not publicly traded, a key issue in measuring investment risks of institutional private equity investors arises from a careful measurement of investment returns in the first place. Prices of private equity investments
Achleitner, Ann-Kristin +2 more
core
Lender‐Affiliated Analysts and Syndicated Loans
Financial Management, EarlyView.ABSTRACT Loans to borrowers covered by affiliated analysts have lower spreads. This effect is driven mostly by affiliated analysts sharing information with, rather than demanding information from, lending arms. Exploiting plausibly exogenous changes in brokerage affiliations, we find that the results are likely to be causal.
Yongqiang Chu, Tao Ma, Cong (Roman) Wang
wiley +1 more source
Liquidity as an Insurance Problem [PDF]
Risk-averse individuals wish that assets concentrate their payoffs in states of high marginal value (that is, highly likely or low endowment states).
Felipe Zurita
core
Impact of liquidity spillovers among industrial sectors on stock markets during crisis periods: Evidence from the S&P 500 index. [PDF]
PLoS One, 2022 Lim SY, Choi SY.
europepmc +1 more source
Financial Management, EarlyView.ABSTRACT We examine how US cross‑listing shapes the sensitivity of non‑US firms’ home‑market liquidity to economic policy uncertainty (EPU). Using a matched global panel of 1894 American Depositary Receipts (ADRs) and comparable non‐cross‑listed firms from 20 countries between 1997 and 2024, we separately identify the effects of home‑country EPU and US
Fnu Pratima, Sanjiv Sabherwal
wiley +1 more source
Exposure to Left‐Tail Risk, Risk Appetite, and Mutual Fund Flows
Financial Review, EarlyView.ABSTRACT Using a measure of aggregate tail risk, we show that a fund's sensitivity (exposure) to tail risk negatively affects the fund flows and the fund's performance. Further, a fund's tail risk sensitivity relates positively to the left‐tail risk measures of the fund.
Ali K. Malik
wiley +1 more source