Disentangling the relationship between liquidity and returns in Latin America
We dissect the impact of liquidity on returns of Latin American firms using a detailed dataset of firm characteristics over various market cycles. We find that firm-level liquidity (illiquidity) is positively (negatively) associated with returns. Further analysis reveals that global illiquidity and...
| Autores Principales: | , |
|---|---|
| Formato: | Desconocido (Unknown) |
| Lenguaje: | Inglés (English) |
| Publicado: |
Universidad de los Andes, Facultad de Economía, CEDE
2018
|
| Materias: | |
| Acceso en línea: | http://hdl.handle.net/1992/8719 |