The purpose of the article is to analyse the impact of various financial ratios used to evaluate a company’s liquidity … developing countries, the relationship between liquidity and solvency on the one hand and the return on equity on the other is … of the capital asset pricing model (CAPM) model and analysed portfolios based on three liquidity ratios and four solvency …

. Using that definition, no asset is completely liquid and there are wide variations in liquidity across asset classes, across … strategies. The presence and pricing in of liquidity opens up profitable opportunities for two classes of investors: long …-term investors who care about less about liquidity than the rest of the market (liquidity arbitrageurs) and investors who can time …

This paper investigates the effect of liquidity on the ex-dividend day price premium. It is well documented that prices … impediments are absent, abnormal returns persist. Using a new measure of liquidity, we find that liquidity is economically and …

Volume-based liquidity ratios suffer from potential measurement bias due to share restriction and may misrepresent … actual liquidity. In this paper, we develop a modified metric, the free-float liquidity ratio. We argue that this measure is … better suited to estimate liquidity in the presence of trading constraints as can be found in family-owned businesses or …

This study investigates the informational effect of stock liquidity on dividend payouts. Using a sam- ple of Polish … robust to the use of alternative measures of liquidity, and holds after we control for endogeneity concerns. In accord with … my hypothesis that stock liquidity provides information and increases insiders’ incentive to pay out dividends, I do not …

average, institutional shareholders are net sellers during share repurchases. After controlling for liquidity provision and … attributed to institutional investors executing liquidity provision strategies, 8% is explained by institutions reacting to the … actual number of shares they repurchase each quarter, beginning in 2004. Using actual number of shares repurchased, we find …

,848 repurchases made by 352 French firms, we show that corporate share repurchases have a significant adverse effect on liquidity as …

,848 repurchases made by 352 French firms, we show that corporate share repurchases have a significant adverse effect on liquidity as …

,848 repurchases made by 352 French firms,we show that corporate share repurchases have a significant adverse effect on liquidity as …

. The determinants of bid–ask spreads and liquidity are analyzed. The welfare consequence of the market fragmentation is …