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- Title
Stock Liquidity and the Cost of Equity Capital in Global Markets.
- Authors
Amihud, Yakov; Hameed, Allaudeen; Kang, Wenjin; Zhang, Huiping
- Abstract
The article discusses stock liquidity and the cost of equity capital in global markets. Topics discussed include finding out whether there is a premium for illiquidity, the illiquidity premium on the Frankfurt Stock Exchange in Germany, the illiquidity premium in security exchanges around the world, the illiquidity premium based on a portfolio approach where stocks were sorted within each country, covariation in the illiquidity premium.
- Subjects
GERMANY; REDEMPTION of securities; STOCKS (Finance); STOCK exchanges; LIQUIDITY (Economics); PREMIUMS (Retail trade)
- Publication
Journal of Applied Corporate Finance, 2015, Vol 27, Issue 4, p68
- ISSN
1936-8216
- Publication type
Article
- DOI
10.1111/jacf.12147