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出版Now Publishers Inc, 2006
主題Business & Economics / GeneralBusiness & Economics / EntrepreneurshipBusiness & Economics / Finance / GeneralBusiness & Economics / Investments & Securities / GeneralBusiness & Economics / Economics / General
ISBN19330191239781933019123
URLhttp://books.google.com.hk/books?id=QCJqrxxYtkUC&hl=&source=gbs_api
EBookSAMPLE
註釋Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literature that predicts how liquidity affects a security's required return and discuss the empirical connection between the two. Liquidity and Asset Prices surveys the theory of liquidity-based asset pricing followed by the empirical evidence. The theory section proceeds from basic models with exogenous holding periods to those that incorporate additional elements of risk and endogenous holding periods. The empirical section reviews the evidence on the liquidity premium for stocks, bonds, and other financial assets.