A Note on the Pricing of Liquidity in Stock Returns
Keynes (1930) proposed that an asset is more liquid than another “if it is more certainly realisable at short notice without loss” (vol. II, p. 67). This definition suggests that the liquidity of an asset is twofold. First, an asset should have a market that can readily absorb the sale, and second,...
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Lahore School of Economics
2024-07-01
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| coleção: | Lahore Journal of Economics |
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| Acesso em linha: | https://journals.lahoreschool.edu.pk/LJE/LJE/article/view/314 |
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