A Study on Stock Returns Based on Liquidity Premium with Empirical Evidence from UK Stock Market
During the past two decades, whether liquidity affect asset pricing has been a hot topic in capital market studies. Theoretically, liquidity is a risk factor that should be priced and is essential in making investment decisions. Plenty of empirical evidence has documented a significant liquidity pre...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2009
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| Online Access: | http://eprints.nottingham.ac.uk/23291/ http://eprints.nottingham.ac.uk/23291/1/A_study_on_stock_returns_based_on_liquidity_premium.pdf |