Keywords: M4
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Journal Articles
Journal of Small Business and Enterprise Development (2026) 33 (1): 121–142.
Published: 27 January 2026
... Firm value Multiples Liquidity Stock valuation MSMEs G32 M4 In recent decades, stock liquidity – defined as the ability to trade stocks quickly, at low costs, and in large quantities without significantly affecting the market price (Liu, 2006) – has claimed rising attention in both...

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