Stock Market Liquidity and Firm Performance: Wall Street Rule or Wall Street Rules?

Stock Market Liquidity and Firm Performance: Wall Street Rule or Wall Street Rules?

This paper investigates the relation between stock liquidity and firm performance. We find that firms with liquid stocks have better firm performance as measured by the market-to-book ratio. This result holds even when we include industry or firm fixed effects, control for idiosyncratic risk, contr...

書誌詳細
主要な著者:	Fang, V, Noe, T, Tice, S
フォーマット:	Working paper
言語:	English
出版事項:	Oxford Finance 2008

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