Liquidity, consumption, and the cross-sectional returns
My thesis attempts to examine the determinants of the cross-sectional stock returns. It mainly consists of three topics on the relation between consumption, stock liquidity, financial constraints, and expected returns. The first is "Transaction costs, liquidity risk, and the CCAPM". I e...
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| Format: | Thesis (University of Nottingham only) |
| Language: | English |
| Published: |
2014
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| Online Access: | https://eprints.nottingham.ac.uk/27605/ |