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The Resource The empirical analysis of liquidity, Craig W. Holden, Stacey Jacobsen, Avanidhar Subrahmanyam

The empirical analysis of liquidity, Craig W. Holden, Stacey Jacobsen, Avanidhar Subrahmanyam

Label
The empirical analysis of liquidity
Title
The empirical analysis of liquidity
Statement of responsibility
Craig W. Holden, Stacey Jacobsen, Avanidhar Subrahmanyam
Creator
Contributor
Author
Subject
Language
eng
Summary
The Empirical Analysis of Liquidity starts with an overview of how liquidity is measured and specialized issues in liquidity measurement. Next, it examines what is known about cross-sectional and time-series patterns in liquidity. The authors then review how liquidity relates to the corporate finance literature, including governance, executive compensation, capital structure, and payout policy. They also review how liquidity influences the asset pricing literature, including return differentials due to average liquidity cost, liquidity premia for systematic liquidity risks, the impact of liquidity on market efficiency, and the impact of liquidity on the law of one price. Finally, some open questions and opportunities for future research are discussed. The Empirical Analysis of Liquidity is organized as follows. Section 2 considers the approaches taken to measure liquidity. Section 3 considers cross-sectional and time-series patterns in liquidity, commonality it liquidity, the impact of exchange design, the impact of exogenous policy shifts on liquidity, and the impact of high-frequency traders. Section 4 analyzes the relation between liquidity and corporate financial decisions. Section 5 explores the impact of liquidity on asset pricing, and Section 6 concludes with directions for future research.--
Assigning source
Provided by publisher
Cataloging source
BTCTA
http://library.link/vocab/creatorName
Holden, Craig W
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Jacobsen, Stacey Elizabeth
  • Subrahmanyam, Avanidhar
Series statement
Foundations and Trends in Finance
Series volume
volume 8, issue 4
http://library.link/vocab/subjectName
  • Liquidity (Economics)
  • Corporations
Label
The empirical analysis of liquidity, Craig W. Holden, Stacey Jacobsen, Avanidhar Subrahmanyam
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 93-107)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17784529
Dimensions
24 cm.
Extent
x, 107 pages
Isbn
9781601988744
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)900032241
Label
The empirical analysis of liquidity, Craig W. Holden, Stacey Jacobsen, Avanidhar Subrahmanyam
Publication
Bibliography note
Includes bibliographical references (pages 93-107)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17784529
Dimensions
24 cm.
Extent
x, 107 pages
Isbn
9781601988744
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)900032241

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