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Liquidity And Asset Prices Yakov Amihud Haim Mendelson Lasse Heje Pedersen

  • SKU: BELL-1429598
Liquidity And Asset Prices Yakov Amihud Haim Mendelson Lasse Heje Pedersen
$ 31.00 $ 45.00 (-31%)

5.0

110 reviews

Liquidity And Asset Prices Yakov Amihud Haim Mendelson Lasse Heje Pedersen instant download after payment.

Publisher: Now Publishers Inc
File Extension: PDF
File size: 1.24 MB
Pages: 107
Author: Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen
ISBN: 9781933019123, 9781933019666, 1933019123, 1933019662
Language: English
Year: 2005

Product desciption

Liquidity And Asset Prices Yakov Amihud Haim Mendelson Lasse Heje Pedersen by Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen 9781933019123, 9781933019666, 1933019123, 1933019662 instant download after payment.

Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literature that predicts how liquidity affects a security's required return and discuss the empirical connection between the two. Liquidity and Asset Prices surveys the theory of liquidity-based asset pricing followed by the empirical evidence. The theory section proceeds from basic models with exogenous holding periods to those that incorporate additional elements of risk and endogenous holding periods. The empirical section reviews the evidence on the liquidity premium for stocks, bonds, and other financial assets.

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