Cryptocurrency has recorded tremendous growth in their value in the recent years which has attracted the attention of investors, academicians and especially hackers. As cryptocurrencies exist in cyber space so hackers keep targeting them to rob crypto investors. So, this study explores, how...

Illiquidity measures appear to be related to monthly realized returns but do they impact long-run costs of capital (CoC) for firms? Using U.S. data, we find cross-sectional evidence that, controlling for market capitalization, the Amihud (2002) measure of illiquidity is negatively related to CoC...