Results 281 to 290 of about 3,417,588 (341)

Market liquidity and stock returns in the Norwegian stock market

Finance Research Letters, 2017
T. Leirvik, Sondre R. Fiskerstrand, A. Fjellvikås   +2 more
semanticscholar   +3 more sources

Liquidity and market efficiency☆

Journal of Financial Economics, 2007
Abstract Short-horizon return predictability from order flows is an inverse indicator of market efficiency. We find that such predictability is diminished when bid-ask spreads are narrower, and has declined over time with the minimum tick size. Variance ratio tests suggest that prices were closer to random walk benchmarks in the more liquid decimal ...
Chordia, Tarun, Roll, Richard, Subrahmanyam, Avanidhar   +2 more
openaire   +2 more sources

Does gender diversity on boards influence stock market liquidity? Empirical evidence from the French market

Corporate Governance: The International Journal of Business in Society, 2019
Purpose The purpose of this paper is to examine the gender diversity on boards and its effect on stock market liquidity in French boardrooms. Design/methodology/approach Using a sample of French firms between 2002 and 2012 listed on the Paris Stock ...
Nadia Loukil, O. Yousfi, R. Yerbanga
semanticscholar   +1 more source

Investor sentiment and stock market liquidity: Evidence from an emerging economy

Journal of Behavioral and Experimental Finance, 2019
I investigate the relationship between the stock market liquidity and investors sentiment. The significance of the liquidity in asset pricing is well documented, but little attention is paid in the empirical literature to the effect of investors ...
J. Kumari
semanticscholar   +1 more source

Funding Liquidity and Market Liquidity: The Broker-Dealer Perspective

Management Sciences, 2019
We provide direct evidence of how dealers’ funding liquidity affects their liquidity provision in securities markets. Worse funding liquidity (higher repo haircuts and rates) leads to larger bid-ask spreads and transaction costs in corporate bonds.
M. Macchiavelli, Xing (Alex) Zhou
semanticscholar   +1 more source

Does it pay to be forthcoming? Evidence from CSR disclosure and equity market liquidity

Corporate Social Responsibility and Environmental Management, 2018
We examine the impact of corporate social responsibility (CSR) disclosure strategies on equity market liquidity. Using data on CSR disclosure from Bloomberg, we find that equity market liquidity improves as firms increase their CSR disclosure ...
Jared F. Egginton, Garrett A. McBrayer
semanticscholar   +1 more source

Market Liquidity

2013
Abstract The process by which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. This book offers a more accurate and authoritative take on this process.
Thierry Foucault, PAGANO, MARCO, Ailsa Roell   +2 more
openaire   +3 more sources

Liquidity Constrained Markets Versus Debt Constrained Markets

Econometrica, 2001
Summary: This paper compares two different models in a common environment. The first model has liquidity constraints in that consumers save a single asset that they cannot sell short. The second model has debt constraints in that consumers cannot borrow so much that they would want to default, but is otherwise a standard complete markets model.
Kehoe, Timothy J., Levine, David K.
openaire   +1 more source

Liquidity effects and market frictions [PDF]

Journal of Macroeconomics, 2001
The goal of this paper is to shed light on the nature of the monetary transmission mechanism. Specifically, we attempt to tackle two problems in standard limited-participation models: (1) the interest rate liquidity effect is not as persistent as in the data; and (2) some nominal variables are unrealistically volatile.
Hendry, Scott, Zhang, Guang-Jia
openaire   +1 more source

Liquidity, Banks, and Markets

Journal of Political Economy, 1997
Abstract Financial markets and banks are competing mechanisms that provide investors with liquidity by providing access to their capital, at good terms, on short notice. This chapter examines the impact of banks on the liquidity provided to investors and, in addition, on the liquidity provided by markets.
openaire   +2 more sources