Stahel, Christof W. (contributor) - 2003 - [Elektronische Ressource]
Is there a Global Liquidity Factor?
Christof W. Stahel∗
October, 2003
ABSTRACT
This paper investigates country …, industry, and global commonalities in liquidity of in-
dividual stocks, and analyzes their implications for the pricing of … period from 1980 to 2001.
The results for three different monthly liquidity measures — based on daily return and
trading …