Liquidity and Asset Prices
| Autor: | Amihud, Yakov Mendelson, Haim Pederson, Lasse Heje |
|---|---|
| EAN: | 9781933019123 |
| Sachgruppe: | Wirtschaft |
| Sprache: | Englisch |
| Seitenzahl: | 108 |
| Produktart: | Kartoniert / Broschiert |
| Veröffentlichungsdatum: | 01.12.2005 |
60,00 €*
Die Verfügbarkeit wird nach ihrer Bestellung bei uns geprüft.
Bücher sind in der Regel innerhalb von 1-2 Werktagen abholbereit.
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.
Weitere Produkte vom selben Autor