Liquidity and Stock Returns: An Empirical Study of the U.K. Equity Market
The relationship between liquidity and stock returns for U.S. market has been examined widely in recent decades. Using the U.K. data, this paper explores that there is a liquidity premium for illiquidity stocks from the angle of liquidity level. Two approaches are employed in explaining the cross-se...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2009
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| Online Access: | https://eprints.nottingham.ac.uk/22976/ |