's current market value was expected real asset present value and under 20 percent was liquidity premium. It was primarily a real … barter asset and not a fiat currency. The liquidity premium was positively related to the amount of paper money per capita in …

jumps is associated with public information releases, whereas majority of them is motivated by liquidity shocks observed in … absorb new and big orders. Liquidity shocks in quoted spread, volume and number of trades are the key drivers causing the … occurrence of the jumps. Finally, the introduction of faster and more efficient trading system enhanced the impact of liquidity …

The question of whether liquidity is priced is a subject for a huge volume of papers in the asset pricing literature … compensate for higher stock volatility. This paper investigates the relationship between liquidity and stock return in Vietnam by … liquidity measures and stock returns and negative relationship between illiquidity measures and stock returns. We also confirm …

on the liquidity of individual equity options. In this respect, this study is uniquely positioned in the options context …, quoted and traded option liquidity increased but at a rate decreasing with option moneyness. Real costs have fallen more for …

accounting variables lose predicting power when market driven variables are added. Only one accounting variable (a liquidity … ratio) turns out to be statistically significant once market variables are accounted for. This study finds; liquidity of the … significant in the industrial machinery industry and liquidity is significant in the textile and chemicals industry …