کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5085396 | 1477957 | 2006 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Common factors in liquidity: Evidence from Taiwan's OTC stock market
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
While liquidity plays an important role in market microstructure research, little previous work has been devoted to the common determinants of liquidity. In this study, we investigate common factors in liquidity by means of regression analysis using daily and intraday data in the Taiwan OTC stock market. Our empirical results based on the daily data provide evidence that market- and industry-wide effects do exist in Taiwan's OTC market. These common factors are also found in the intraday data, but the effectiveness of the factors is not the same among the different trading intervals.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Financial Analysis - Volume 15, Issues 4â5, 2006, Pages 306-327
Journal: International Review of Financial Analysis - Volume 15, Issues 4â5, 2006, Pages 306-327
نویسندگان
Jie-Haun Lee, Shu-Ying Lin, Wan-Chen Lee, Chueh-Yung Tsao,