Abstract
We examine the relationship between stock liquidity and returns before, during and after the 2007–2009 financial crisis. We obtain evidence of a positive association for Germany and the UK, whereas China exhibits the opposite result and the US provides inconclusive evidence.
Original language | English |
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Article number | 108500 |
Journal | Economics Letters |
Volume | 186 |
DOIs | |
Publication status | Published - 24 Jul 2019 |
Keywords
- Amihud ratio
- China stock market
- German stock market
- Liquidity
- Stock returns
- UK stock market US stock market
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Profiles
-
Andros Gregoriou
- Brighton Business School - Professor in Finance
- Centre for Change, Entrepreneurship and Innovation Management
Person: Academic