Search Results for: The Volatility Of Liquidity And Expected Stock Returns

This paper re-examines the link between idiosyncratic risk and expected returns for a large sample of firms in both developed and emerging markets. Recent studi

This study investigates whether market-wide liquidity is a state variable important for asset pricing. We find that expected stock returns are related cross-sec

This is the second edition of Professional Perspectives on Indexing. Contents include the active versus passive debate, Standard and Poor's U.S. equity indexes,