Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 731 for “"liquidity"”.
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Essays on Stock Market Liquidity and Liquidity Risk Premium
This dissertation addresses issues concerning liquidity and its volatility. It consists of two essays. The first essay, "Liquidity, Macro Factors and the U.S. Equity Flows to Emerging Markets", examines the role of liquidity on equity flows from the U.S. to fifteen emerging markets around the …
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An examination of liquidity risk and liquidity risk measures
Liquidity risk represents a vacuum of rigour in the otherwise well-researched area of risk management. In both practice and theory most of finance is silent regarding its scope and effect. This is principally due to a lack of consensus regarding its definition and measurement. Current liquidity …
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Liquidity facilities and signaling
… of signaling concerns in discouraging access to liquidity facilities like the IMF contingent credit lines (CCL) and the Discount Window (DW). In Chapter 1, I analyze the introduction of IMF CCL in an economy with asymmetric information and financial frictions. Countries have private information …
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Liquidity and Predictability of Cryptoassets
Pri investovaní do kryptoaktív môže byť dôležitým aspektom vplyv likvidity na prediktabilitu výnosu. Regresnou analýzou na prierezových a panelových dátach som skúmala dopad likvidity na prediktabilitu výnosu kryptoaktív. Výsledky vypočítaných testov na prediktabilitu som agregovala do štyroch …
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Different Aspects of Market Liquidity
… chapters examining different aspects of market liquidity. The first chapter explores whether investor sentiment has the power to forecast stock market liquidity. The chapter employs the Amihud (2002) illiquidity measure as a proxy for price-impact, the bid-ask spread as a transaction cost …
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Mutual fund trading and liquidity
… suggesting overall mutual fund trades contain a liquidity trading component that temporarily pushes up stock prices that reverse over the next few months. I also demonstrates that this particular type of liquidity risk is related to other measures of liquidity risk. Therefore, this trading …
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Essays on liquidity and information
This dissertation studies the interaction of liquidity and incomplete or asymmetric information. In Chapter 1, I study a dynamic economy with illiquidity due to adverse selection in financial markets. Investment is undertaken by borrowing-constrained entrepreneurs. They sell their past projects to …
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Essays on liquidity in macroeconomics
… investors supplying funds to these countries are liquidity constrained at times of large price drops.
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Positional Momentum and Liquidity Portfolio Management
… a new method to build a positional momentum and liquidity portfolios based on the expected future ranks of asset returns and their trade volume changes. This method is applied to a data set of 1330 stocks traded on the NASDAQ between 2008 and 2016. It is shown that return ranks are correlated …
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Three Essays On Firm Liquidity Management
… 1, we study the costs associated with firm illiquidity. We specifically examine the impact of illiquidity on the costs of financing, financial distress, underinvestment, and competitiveness in product markets. We focus on a comprehensive definition of liquidity that expands upon the typical …
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Essays in Liquidity and Financial Markets
… presents three studies related to the effects of liquidity on financial markets. The first topic explores the relationship between funding liquidity and credit default swap (CDS) spreads. Using panel estimations, this study provides evidence that a tightening of funding liquidity increases …
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Corporate Bond Liquidity and Investor Sentiment
… Twitter feed and news stories on a firm’s bond liquidity. I employ an ordinary least squares regression to examine the relationship between firm-level investor sentiment and corporate bond liquidity. The results indicate that a positive relationship exists between firm-level sentiment and …
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A vállalati likviditáskezelés = Corporate liquidity management
Már Keynes [1936] és Hicks [1967] is rámutatott arra, hogy a gazdasági szereplők azon szokását, hogy a más eszközökhöz képest alacsonyabb hozamú készpénzt tartanak, a pénz egy fontos tulajdonságával, a likviditással lehet magyarázni. A vállalati likviditás fenntartása egyrészt a készpénz, illetve …
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Liquidity and agricultural lending in Malawi
… of ensuring financial stability by undertaking liquidity management framework and measures. One such liquidity management intervention is the liquidity reserve requirements (LRR). This study departed on the theoretical understanding that quantitative tightening through LRR affects the liquidity …
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Essays in macroeconomics : liquidity and taxation
… independent chapters on the Macroeconomics of Liquidity and Taxation. The first chapter studies how concerns about future funding difficulties and liquidity dry ups influence investment decisions. In an environment with financial frictions, investors need to take liquidity management into …
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Equity Style Indices and Liquidity in Europe
… aspects of equity styles and systematic liquidity in Europe and their role with respect to European stocks and mutual funds. First, a consistent set of European style indices is outlined from which risk factors like market excess return, size, valuation and momentum, but also novel …
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Essays on Liquidity Risk and Asset Pricing
This dissertation consists of two essays on liquidity risk and asset pricing. In the first essay, I diagnose the impact of error-in-variables (EIV) on inferences in asset pricing models. I test the CAPM and the liquidity-adjusted CAPM in a manner that explicitly accounts for EIV, without pooling …
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Pénzügyi piacok likviditása = Liquidity of financial markets
A gazdaság szereplői a normális működés során általában nem szoktak a likviditásra különös figyelmet fordítani, leginkább elfogadják, hogy van. Az akadémiai céllal készült tanulmányok és a bennük leírt modellek is nagyon gyakran abból a feltételezésből indulnak ki, hogy a piacok likvidek. Sokáig az …
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