This proposal offers a unique solution for a unique challenge: using oil to pay for Venezuela’s debt. Venezuela and PDVSA’s creditors currently receive little in the way of coupon payments and have minimal means of recourse over limited assets located outside Venezuela’s borders. We...

We study the effect of block shareholding on stock liquidity using panel models for 128 stocks from the period 2011 to 2014. After controlling for the size of the firm, ownership concentration is found to have a small statistically significant negative effect on liquidity. Ownership structure...

Survival analysis problems have elsewhere been recast as problems in logistic regression, after the event times were grouped into intervals. Here we discuss the opposite connection: how binary logistic regression can be viewed fruitfully as a special case of accelerated failure time models in...

Stock recommendations based on technical analysis have been evaluated by researchers in terms of the abnormal excess returns generated compared to some benchmark return. Here, instead of looking at the magnitude of excess returns, we study the liquidity of trading strategies based on analyst...

Cross-cultural studies in finance have often used country-wise data for cultural values. Our objective was to understand how individual differences in cultural values affect an investor's stock trading behavior in an emerging market. Based on the theory of planned behavior, we conceptualized a...

Money attitudes or an individual's feelings towards money is an important factor in determining their financial behavior and financial wellbeing. A large section of the Indian population faces financial stress due to low incomes and a lack of financial education. It is important to understand...

This paper studies execution times of small orders in an electronic exchange, specifically the National Stock Exchange of India. Unlike other studies that have reconstructed the order book, a time consuming and computationally intensive activity, this paper considers small hypothetical orders,...

Several proxy measures have been proposed in the literature to capture the multidimensional aspects of liquidity. Lower dimensional descriptions of the same can be obtained using factor analysis. The literature contains factor analyses of market-wide averaged liquidity measures and their changes...