This paper develops a reduced form three-factor model which includes a liquidity proxy of market conditions which is … liquidity in the valuation process. Moreover, market liquidity, a measure of investors. willingness to commit resources in the … failure to include a liquidity proxy could underestimate the implied autonomous credit risk. Autonomous credit risk is defined …

In recent years a substantial amount of literature in one way or another deals with liquidity. The interest in it grows … measures of liquidity and publish them in the regular reports. But as in literature, there is still no consensus as what … liquidity really means and how it should be measured, or reported, understood or predicted, as the consistent summary of what …

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …

liquidity and the efficiency of the market could be improved by agricultural enterprises which are aware of and capable of using …

This paper investigates the relationship between annual report disclosure, market liquidity, and capital cost for firms … of Disclosure (AIMD). Results show that annual report disclosure enhances market liquidity by changing investors …

We study equilibrium trading strategies, market liquidity, and price efficiency in an economy in which a fraction of … better-informed speculators displays preferences consistent with Kahneman and Tversky’s (1979) Prospect Theory, i.e., loss … lower and (because of procyclical subjective loss probabilities)countercyclical adverse selection-based market liquidity and …

bigger resistance of liquidity to the global financial crisis and which factors weighted it. In the theoretic part is … analyzing interface between liquidity and factors of the markets, firms and macroeconomic. In the second part of paper is … represented research methodology. First of all, is calculating resistance of liquidity through 2005 – 2010 years and compare …

synthetic liquidity indicator that summarises the data on a broad set of market liquidity measures both for sovereign and … corporate fixed income markets in the US. Our index is based on 17 variables that cover the main dimensions of market liquidity …. The methodology used to calculate the index consists of two steps. First, a transformation of the individual liquidity …

, caracterizados por una liquidez de mercado más inestable y propensa a evaporarse ; We analyse the market liquidity level and … resilience of US 10-year Treasury bonds. Having checked that five indicators show inconclusive results on the liquidity level, we … fit a bivariate CC-GARCH model to evaluate its resilience, that is, how liquidity reacts to financial shocks. According to …