The Effects of Liquidity on Stock Return by Controlling Investment Styles: New Approach with a Multidimensional Measure
Liquidity is a complex and multidimensional concept which affects investment decisions of investors in many ways. Liquidity, recently, has been widely considered as a return determinant, while neither the Capital Asset Pricing Model (CAPM) nor the Fama–French three factor model can account for the l...
| Format: | Article |
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| Language: | fas |
| Published: |
Shahid Bahonar University of Kerman
2014-02-01
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| Series: | مجله دانش حسابداری |
| Subjects: | |
| Online Access: | https://jak.uk.ac.ir/article_640_e97bfa556849f1eaeaa615053aed1668.pdf |