... financial data from 52 companies in the industrial, investment, services, banking and insurance sectors. Many financial ratios are calculated to assess stock returns: current ratio, cash ratio and average collection time as liquidity measures; debt-to-equity ratio as an indication of leverage or solvency...

..., the authors seek to compare the results obtained here under crisis conditions with those in the existing literature. Second, and of greater importance, the authors wish to examine the interaction between liquidity and feedback trading and their effect on stock returns. Design/methodology/approach...

... stocks. Findings This paper finds prices are closer to random walk benchmarks (i.e. more efficient) for stocks with better liquidity provision, frequent trading, greater return volatility, higher prices, larger market capitalizations and smaller trade sizes. These findings suggest that liquidity...

... securitizes and 0 if not. The authors use also, a Heckman selection model to account for the potential dependence between the decision to securitize and the decision of which assets to securitize. Findings The results indicate that liquidity, credit risk transfer, regulatory capital arbitrage...

... (Friedman, 1984). Thomas A. Hanson can be contacted at: thanson3@kent.edu © Emerald Group Publishing Limited 2016 Emerald Group Publishing Limited Licensed re-use rights only Liquidity Agent-based simulation Algorithmic trading High-frequency trading Stock market volatility...

...Yin Yu-Thompson; Ran Lu-Andrews; Liang Fu Purpose This paper aims to perform empirical analysis to test whether less severe agency conflict between managers and controlling shareholders may improve family firms’ corporate and stock liquidity, compared to non-family firms. Design/methodology...

... as the underlying asset of the proposed future contract. As Table I demonstrates BAX success, none of the instruments listed on the Mx come close to the BAX contract in terms of volume, liquidity, depth and width of their markets. In fact, the BAX contract volume represents one‐third of all derivatives traded...

...Emilios C. Galariotis; Evangelos Giouvris Purpose The purpose of this paper is to test whether the 2007 identification of commonality in liquidity by Galariotis and Giouvris for the UK is robust to different methodological approaches; to find whether commonality is priced; and to identify how...

...George Emmanuel Iatridis Purpose This paper aims to assess the financial performance of firms that adopted or deferred the adoption of SSAP 20 “Foreign Currency Translation”. The focus of the study is to examine the impact of certain accounting issues, such as liquidity, hedging, foreign currency...

... a proportional transaction cost. We show that the investor assigns an implicit value between the bid and ask price and uses it for his investment and/or consumption decisions. We also show that the implicit value is an increasing function of the investor's liquidity ratio, which is a measure...