Liquidity and Expected Returns: Lessons From Emerging Markets
收藏NBER2005-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11413
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Given the cross-sectional and temporal variation in their liquidity, emerging equity markets provide an ideal setting to examine the impact of liquidity on expected returns. Our main liquidity measure is a transformation of the proportion of zero daily firm returns, averaged over the month. We find
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美国国家经济研究局创建时间：
2005-06-01
