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...

書目詳細資料
Main Authors:	Fang, V, Noe, T, Tice, S
格式:	Working paper
語言:	English
出版:	Oxford Finance 2008

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