Illiquid trades on Mortgage companies in Financial Crisis
碩士 === 國立臺灣大學 === 財務金融學研究所 === 99 === The effects of liquidity on stock market returns, in recent years has been the most debated and concerned issue in both contemporary finance as well as econometric research. In particular, this issue is closely linked to the very concept of market efficiency, wh...
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| Format: | Others |
| Language: | en_US |
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2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/61684341320201906983 |
| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 99 === The effects of liquidity on stock market returns, in recent years has been the most debated and concerned issue in both contemporary finance as well as econometric research. In particular, this issue is closely linked to the very concept of market efficiency, which governs the laws of probability that traders with special information gain abnormal returns. We attempt to investigate the relationship between illiquid trades and market efficiency.
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