The theme of this study is to examine the role of liquidity via approaching various asset pricing models in the Pakistan equity market. The liquidity of the firm is measured by the share turnover. This study follows Fama and French (1993) three factors approach to construct three factors i.e....

The study inspects the size and liquidity pattern in Pakistan equity market. Sample size contains 278 non-financial firm's monthly data listed on Pakistan Stock Exchange (PSX) from 2001 to 2012. This study uses three asset pricing models (eq.5), (eq.6) and (eq.7). Four factors asset pricing...

Achievement of Efficiency is considered to be an important factor for all entities, yet it is a tricky one, primarily because it is measured in relative and comparative terms. For the financial sector it has tremendous importance, having material benefits and losses too. Therefore it becomes an...