Chatterjee, Devlina; Mukhopadhyay, Chiranjit - In: Journal of Emerging Market Finance 12 (2013) 2, pp. 151-196
There is no single, definitive and universally accepted measure of a stock’s ‘liquidity’. The literature proposes a large number of proxy measures for liquidity. Suitable low dimensional characterisation of liquidity may improve understanding and enable better market...