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A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas; Salyer, … - 2013 - This Version: June 2013
rates of return to compensate agents for their relative lack of liquidity. Consistent with empirical findings, our model …
Persistent link: https://www.econbiz.de/10009753184
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A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas; Salyer, … - In: Theoretical economics : TE ; journal of the Econometric … 11 (2016) 3, pp. 897-935
Persistent link: https://www.econbiz.de/10011584269
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A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas M.; … - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 897-935
state to compensate agents for their relative lack of liquidity. Second, since the difference in the yield of short and long … liquidity. …
Persistent link: https://www.econbiz.de/10011671888
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Theory-Based Illiquidity and Asset Pricing
Chordia, Tarun - 2010
have been motivated from an empirical standpoint. In this study, we approach liquidity estimation from a theoretical …
Persistent link: https://www.econbiz.de/10013151009
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Illiquidity and the cost of equity capital : evidence from actual estimates of capital cost for U.S. data
Goyal, Amit; Subrahmanyam, Avanidhar; Swaminathan, Bhaskaran - 2021
do not find evidence that liquidity risk and the probability of informed trade influence CoC. Overall, our results …
Persistent link: https://www.econbiz.de/10012800436
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Illiquidity and the cost of equity capital : evidence from actual estimates of capital cost for U.S. data
Goyal, Amit; Subrahmanyam, Avanidhar; Swaminathan, Bhaskaran - In: Review of financial economics : RFE 41 (2023) 4, pp. 364-391
Persistent link: https://www.econbiz.de/10014431274