How do Markets Value Stock Liquidity? Comparative Evidence from the UK, the US, Germany and China

Guy Liu, Andros Gregoriou, Yibo Bo

Research output: Contribution to journal › Article › Research › peer-review

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 languageEnglish
Article number108500
JournalEconomics Letters
DOIs
Publication statusPublished - 24 Jul 2019

Fingerprint

Germany
China
Value stocks
Liquidity
Market value
Financial crisis

Keywords

  • Amihud ratio
  • China stock market
  • German stock market
  • Liquidity
  • Stock returns
  • UK stock market US stock market

Cite this

Liu, Guy ; Gregoriou, Andros ; Bo, Yibo. / How do Markets Value Stock Liquidity? Comparative Evidence from the UK, the US, Germany and China. In: Economics Letters. 2019.
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Liu, G, Gregoriou, A & Bo, Y 2019, 'How do Markets Value Stock Liquidity? Comparative Evidence from the UK, the US, Germany and China', Economics Letters. https://doi.org/10.1016/j.econlet.2019.06.006

How do Markets Value Stock Liquidity? Comparative Evidence from the UK, the US, Germany and China. / Liu, Guy; Gregoriou, Andros; Bo, Yibo.

In: Economics Letters, 24.07.2019.

Research output: Contribution to journal › Article › Research › peer-review

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Liu G, Gregoriou A, Bo Y. How do Markets Value Stock Liquidity? Comparative Evidence from the UK, the US, Germany and China. Economics Letters. 2019 Jul 24. 108500. https://doi.org/10.1016/j.econlet.2019.06.006

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