Results 271 to 280 of about 14,184 (310)
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Local Market Makers, Liquidity and Market Quality
SSRN Electronic Journal, 2008We examine the role of geographically proximate (local) market makers in providing liquidity and improving the quality of a dealer market. Firms with active participation of local dealers enjoy lower quoted and effective spreads, as well as more informative prices.
Simi Kedia, Xing Zhou
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Determinants of Commodity Market Liquidity
SSRN Electronic Journal, 2023AbstractUsing positions data for 18 commodity futures during 2001–2020, we examine systematic and idiosyncratic determinants of Amihud price impact and microstructure noise proxying for permanent and transitory components of commodity futures liquidity. Idiosyncratic factors have the largest economic impact: while excess hedging demand increases PI and
Pankaj K. Jain, Ayla Kayhan, Esen Onur
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Liquid Capital and Market Liquidity
The Economic Journal, 2009This article considers how the supply of liquid capital affects the liquidity of asset markets. The article views the former notion as a technological property of real investments and the latter as an endogenous property of financial market equilibrium, and describes a channel by which the two are linked. When agents hold more wealth in technologically
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1953
Excerpt from the report Introduction: This study was made to determine costs of handling liquid sugar from the refiner to the user, and in-plant savings realized by users. A measure of maximum market potential for liquid sugar has been estimated by comparing present distribution data with total sugar use in industries suited to liquid sugar.
Poats, Frederick J., Poats, Frederick J.
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Excerpt from the report Introduction: This study was made to determine costs of handling liquid sugar from the refiner to the user, and in-plant savings realized by users. A measure of maximum market potential for liquid sugar has been estimated by comparing present distribution data with total sugar use in industries suited to liquid sugar.
Poats, Frederick J., Poats, Frederick J.
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Market Liquidity and Performance Monitoring
Journal of Political Economy, 1993This paper studies the value of the stock market as a monitor of managerial performance. It shows that the stock price incorporates performance information that cannot be extracted from the firm's current or future profit data. The additional information is useful for structuring managerial incentives.
Holmström, Bengt, Tirole, Jean
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Measuring Liquidity in Emerging Markets
SSRN Electronic Journal, 2013We propose a modified version of the Amihud illiquidity measure, AdjILLIQ, which performs well in different types of emerging markets. Our AdjILLIQ measure combines the virtues of the original Amihud ratio and the non-trading-frequency measure. It exhibits higher correlation with spread and price impact than other existing low-frequency liquidity ...
Kang, W., Zhang, Huiping
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Liquidity Measurement in Frontier Markets
SSRN Electronic Journal, 2012Frontier markets, which are countries that have not yet reached emerging market status, have been shown to provide diversification benefits for international investors. However, many stocks in these markets are thinly traded so liquidity is an important consideration.
Ben R. Marshall +2 more
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International Journal of Dairy Technology, 1984
The changes that are being imposed on the liquid milk industry through increased demand for reduced fat milks. increased shop sales and a greater range of container types are considered. These will all lead to increased pressure on doorstep milk prices, which will need to be countered by active marketing.
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The changes that are being imposed on the liquid milk industry through increased demand for reduced fat milks. increased shop sales and a greater range of container types are considered. These will all lead to increased pressure on doorstep milk prices, which will need to be countered by active marketing.
openaire +1 more source
Liquidity and Financial Market Runs
The Quarterly Journal of Economics, 2004Summary: We model a run on a financial market, in which each risk-neutral investor fears having to liquidate shares after a run, but before prices can recover back to fundamental values. To avoid having to possibly liquidate shares at the marginal postrun price -- in which case the risk-averse market-making sector will already hold a lot of share ...
Antonio Bernardo, Ivo Welch
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Multimarket Trading and Market Liquidity
Review of Financial Studies, 1991When a security trades at multiple locations simultaneously, an informed trader has several avenues in which to exploit his private information. The greater the proportion of liquidity trading by "large" traders who can split their trades across markets, the larger is the correlation between volume in different markets and the smaller is the ...
Chowdhry, Bhagwan, Nanda, Vikram
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