higher stock return volatility. We also provide direct evidence that changes in liquidity is positively associated with stock … price adjustment. However, the relations among liquidity, volatility and price movements appear to rely on how SEOs are …Using data from the Taiwanese stock market, an emerging market, this paper documents positive changes in liquidity and …

demonstrate that liquidity, volatility, and informed trading are each significantly positively related to spread magnitude …, indicating that speculators may dominate arbitrageurs. While spreads have narrowed as the market has matured, liquidity and …

concerned by expected liquidity and by the uncertainty about its level when shares start trading on the after-market. The less … liquid shares are expected to be, and the less predictable their liquidity is, the larger will be the amount of "money left … on the table" by the issuer. We present a model that integrates such liquidity concerns within a traditional framework …

prices and intrinsic values of companies that need to raise external capital because of insufficient internal liquidity. The …

Estimation of benchmark yield curve in developing markets is often influenced by liquidity concentration. Based on an … affine term structure model, we develop a long run liquidity weighted fitting method to address the trading concentration … from models of liquidity concentration and benchmark security information. After examining time series behavior of price …

expense ratio, and lower profitability. Besides, their liquidity, turnover, labor productivity, and coverage ratios were also …

, among others, indicated the consensus on net profit margin and short term liquidity ratios as the important indicators of …