Results 271 to 280 of about 458,438 (343)

SHIBOR Fluctuations and Stock Market Liquidity: An MF-DCCA Approach

Emerging markets finance & trade, 2021
This paper examines the nonlinear and dynamic cross-correlations between SHIBOR and Chinese stock market liquidity by employing MF-DCCA method. The cross-correlations display weak persistence and multifractal characteristics, explaining the variations in
Xuemei Yuan, Yihong Sun, Xinsheng Lu
semanticscholar   +1 more source

Flatten the Curve and Stock Market Liquidity – An Inquiry into Emerging Economies

Emerging markets finance & trade, 2020
In this study, we focus on two dimensions of COVID-19 pandemic and their impact on liquidity in emerging equity markets, the real human costs and the government response.
Omair Haroon, Syed Aun R. Rizvi
semanticscholar   +1 more source

Glued to the TV: Distracted Noise Traders and Stock Market Liquidity

Journal of Finance, 2020
In this paper, we study the impact of noise traders’ limited attention on financial markets. Specifically, we exploit episodes of sensational news (exogenous to the market) that distract noise traders. We find that on “distraction days,” trading activity,
Joel Peress, Daniel Schmidt
semanticscholar   +1 more source

Board Reforms, Stock Liquidity, and Stock Market Development

The Review of Corporate Finance Studies, 2022
Abstract This paper studies the effect of board reforms on stock liquidity using data from 37 countries. We document that board reforms significantly increase stock liquidity: the effective spread on average decreases by 12.7% after a board reform.
Buhui Qiu, Thomas Y To
openaire   +1 more source

Intraday liquidity patterns in Indian stock market [PDF]

Journal of Asian Economics, 2013
Abstract This paper is an empirical study of the intraday liquidity patterns on the National Stock Exchange (NSE) of India. Using trade and quotes data on stocks contained in the NIFTY index, we find that most of the volume and spread related to liquidity measures are U-shaped, similar to those found in a quote driven market.
R. Krishnan, Vinod Mishra
openaire   +1 more source

Stock market liquidity, the great lockdown and the COVID-19 global pandemic nexus in MENA countries

Review of Behavioral Finance, 2020
PurposeThe purpose of this paper is to investigate the impact of the global coronavirus (COVID-19) pandemic on stock market liquidity, while taking into account the depth and tightness dimensions.Design/methodology/approachThe author used a panel data ...
Anas Alaoui Mdaghri, Abdessamad Raghibi, Cuong Nguyen Thanh, L. Oubdi   +3 more
semanticscholar   +1 more source

Stock Market Declines and Liquidity

The Journal of Finance, 2006
ABSTRACTConsistent with recent theoretical models where binding capital constraints lead to sudden liquidity dry‐ups, we find that negative market returns decrease stock liquidity, especially during times of tightness in the funding market. The asymmetric effect of changes in aggregate asset values on liquidity and commonality in liquidity cannot be ...
Hameed, A., Kang, W., Viswanathan, S.
openaire   +1 more source

Political institutions, stock market liquidity and firm dividend policy: Some international evidence

, 2020
In this cross-country study, we draw on the dividend liquidity hypothesis and the political economy literature to examine whether political institutions affect the relationship between stock market liquidity and a firm’s dividend policy.
Karen M. Y. Lai, W. Saffar, X. Zhu, Yiye Liu   +3 more
semanticscholar   +1 more source

Market Maker Revenues and Stock Market Liquidity

SSRN Electronic Journal, 2007
We use an 11-year panel of daily specialist revenues on individual NYSE stocks to explore the relationship between market-maker revenues and liquidity. If market makers suffer substantial trading losses, lenders may respond by increasing funding costs or reducing credit lines, and market makers should respond by reducing liquidity provision.
Carole Comerton-Forde, Terrence Hendershott, Charles M. Jones   +2 more
openaire   +1 more source

Stock market liquidity, funding liquidity, financial crises and quantitative easing

, 2020
Using data from 2003 to 2013, we examine liquidity linkages, originating with the U.S. Federal Reserve Bank (FED) reserve creation, resulting from conventional and non-conventional monetary policy.
A. Mishra, Bhavik Parikh, R. Spahr
semanticscholar   +1 more source