Results 51 to 60 of about 24,822 (265)
Motive and Opportunity: Order Choice in a Limit Order Book With Dispersed Information
International Journal of Finance &Economics, EarlyView.ABSTRACT We test predictions of market microstructure theory relating to the determinants of order choice in a limit order book where information is dispersed among traders. Using an experimental limit order book, with a large state space, we find that informed traders exhibit patience, compatible with the ‘waiting game’ behaviour described in Foster ...
James Steeley +2 more
wiley +1 more source
How Dovish Policy Reshaped Market Efficiency: Firm-Level Evidence from Indonesia
Корпоративные финансыThe shift toward a dovish monetary stance in Indonesia in early 2025 provides a valuable context for examining stock market efficiency under the weak form of the Efficient Market Hypothesis (EMH).
Novi Swandari Budiarso, Winston Pontoh
doaj +1 more source
STOCK SPLIT DAN LIKUIDITAS SAHAM DI BEI: PENGUJIAN MENGGUNAKAN HIPOTESIS LIKUIDITAS
Jurnal Akuntansi dan Keuangan Indonesia, 2010 This study aims to re-examine the effectiveness of liquidity hypothesis in stock split. Liquidity hypothesis in stock split is defined as the returning stock price to the optimal trading level.
Ignatius Roni Setyawan
doaj +1 more source
Trading constraints and illiquidity discounts [PDF]
The European Journal of Finance, 2008 Acting as the source of exogenous illiquidity, trading constraints prevent free trading of shares and discount their value relative to freely traded counterparts with identical dividends and voting rights. This paper numerically solves the theoretical illiquidity discounts for the restricted shares with long constraint horizon and then reconciles the ...
Hou, Wenxuan, Howell, Sydney
openaire +3 more sources
The Sector Liquidity Timing Ability of Bond Mutual Funds
International Journal of Finance &Economics, EarlyView.ABSTRACT We investigate whether bond mutual fund managers exhibit market liquidity timing skills in the U.S. corporate bond market. At the portfolio level, we find only weak evidence that bond funds adjust their overall market exposure in anticipation of changes in corporate bond market liquidity.
Zhengnan Yin +3 more
wiley +1 more source
Liquidity as Lever for Achieving Top Company Goals
Acta Economica, 2015 Although the speed of turnover of certain types of assets is not an end in itself, it can be claimed that it is a lever for achieving top company goals – maximizing profit in the long run.
Драган Микеревић +1 more
doaj +1 more source
Future Business Journal, 2021 This study investigates the impact of liquidity risk on stock returns of 149 firms in the industrial products and services sectors of Bursa Malaysia from January 2000 to December 2018 with a monthly frequency dataset.
Rapheedah Musneh +2 more
doaj +1 more source
The Illiquidity of Corporate Bonds [PDF]
, 2010 This paper examines the illiquidity of corporate bonds and its asset-pricing implications. Using transactions data from 2003 to 2009, we show that the illiquidity in corporate bonds is substantial, significantly greater than what can be explained by bid ...
Bekaert +17 more
core +4 more sources
International Studies of Economics, EarlyView.ABSTRACT To explore the real effect of banking globalisation on bank liquidity creation, we investigate plausibly exogenous variations in the expectation of further banking globalisation under the Belt and Road Initiative (BRI), which further opens the gate to foreign investors.
Xuanyi Shi +3 more
wiley +1 more source
International Finance Discussion Papers, 2017 We build a parsimonious international asset pricing model in which deviations of government bond yields from a fitted yield curve of a country measure the tightness of investors' capital constraints. We compute these measures at daily frequency for six major markets and use them to test the model-predicted effect of funding conditions on asset prices ...
Aytek Malkhozov +2 more
openaire +3 more sources