notion that the reversal returns proxy the expected returns from liquidity provision in adverse times …

and corporate performance. The capital structure is a dynamic process that changes over time, depending on the variables … structure has a different impact on corporate performance, whether this calculated on accounting measures or seen as market …

and book-to-market value, we investigate whether liquidity plays a role in pricing Polish stocks. To test this conjecture … we use the largest array of liquidity measures that has been used in the literature to date. We take advantage of a hand … markets, we do not find convincing evidence in favour of the liquidity risk premium on the Polish stock market. This result is …