Stock market liquidity

This research aims to evaluate the impact of CW issuance on the price and liquidity (measured by trading volume and bid-ask spread) of underlying stocks on the Vietnamese stock market. The study employs the event study methodology and Wilcoxon test to examine whether abnormal returns, trading volume, and bid-ask spreads change after CW issuance.

14p viwalton 02-07-2024 3 1   Download

The purpose of this study is to evaluate the factors affecting the operational efficiency of publicly listed manufacturing companies on the Vietnamese stock market during the period 2010-2022. With panel data of 1690 observations, the results indicate that the profitability ratio has been influenced by five factors. The most influential factors that positively affecting ROA must include Cashflow (coef = 0.947), while the other factors show statistical significance, but their coefficients suggest a relatively weak impact (debt, size, liquid, leverage).

12p leminhvu111 07-06-2024 0 0   Download

The main objective of this study is to examine the effect of intellectual capital, debt policy, company size, supply chain and liquidity on earnings per share and dividends per share as intervening variables in companies registered in the LQ 45 stock market index that consists of 45 companies for the 2014-2016 period in Indonesia. Using a purposive sampling method obtained data (panels) of 60 observation data from 20 companies.

7p longtimenosee09 08-04-2024 3 1   Download

The study investigates the relationship between liquidity and returns on a stock exchange in a frontier market. The paper applies three asset pricing models, including Capital Asset Pricing Model (CAPM), the Fama-French three-factor model, liquidity-augmented three-factor model. To measure the liquidity in the study, five measures: quoted spread, trading volume, trading value, Amihud measure, and turnover ratio were applied.

16p viberkshire 09-08-2023 6 5   Download

This paper makes two major contributions. Firstly, it adds to the literature on the role of foreign investors for the stability of the stock market through its impact on stock market volatility and liquidity in Vietnam. As a result, and secondly, this is a useful reference for policy makers to help them make appropriate policy amendments that ensure the stability of the Vietnamese stock market.

10p viwolverine 11-07-2023 8 5   Download

This study investigates the impact of policy uncertainty on stock liquidity in Vietnam’s M&A market. Using a comprehensive sample of M&A acquisition deals over the 2005- 2020 period, we find that policy uncertainty is negatively associated with stock liquidity of target firms, indicating that firms should increase their information disclosure to improve the information environment during periods of increased asymmetric information due to policy uncertainty.

5p viwarmachine 01-07-2023 4 3   Download

Money and Banking: Lecture 18 provides students with content about: bonds and liquidity premium theory; stocks and essential characteristics, process; measuring level of a stock market; valuing stocks;... Please refer to the lesson for details!

25p hanlamcoman 26-11-2022 16 4   Download

Lecture Money, Banking & Finance (2) - Lecture 4: The Theory and Practice of Equity Trading. Learning objectives of this chapter include: Examine the process by which investment decisions are translated into the action of buying or selling shares; understand how a trading environment operates and how the players interact; appreciate how the actions of traders influence the market; examine the Trader-Ex software for training of stock-market traders.

33p runordie1 10-05-2022 15 2   Download

This study examines the effect of monetary policy on the liquidity of the Vietnamese stock market between November 2014 and November 2017 with a sample of 50 companies in the above period. Three liquidity measures including Amihud, Turnover and Zeros are used to measure the liquidity of the market.

11p vihassoplattner 07-01-2022 21 3   Download

The paper aims at investigating the effect of the micro factors on the liquidity of listed stocks on the Ho Chi Minh Stock Exchange. The data of 182 listed companies on the Ho Chi Minh Stock Exchange (HOSE) were used to for this study which covers a period of 5 years from the first quarter of 2011 to the third quarter of 2017. The result shows that company size, market to book value, earning per share and financial leverage have insignificant relation with the liquidity of stocks.

10p vihassoplattner 07-01-2022 32 3   Download

This paper explores the relationship between the liquidity and firm value and how this relationship differs across different institutional and information environments. Using a sample of firms from 14 emerging markets for the period from 2005 to 2014, I demonstrate that the liquidity of stock is positively correlated with firm value.

13p vigeorgia2711 03-12-2020 7 0   Download

The paper presents a discussion of stock market liquidity in a frontier market after the financial crisis. The paper defines dimensions of stock market liquidity and indicates possible liquidity measures which could be applied to analyze liquidity on a stock exchange in Vietnam. The empirical result shows the aggregate liquidity, which captures various dimensions of liquidity through eight liquidity measures based on a daily basis during the period from 2011 to 2018.

8p nguyentanloc09 17-10-2020 19 0   Download

This study provides an in depth comparative analysis among Greek Commercial Bank institutions listed in Athens Stock Exchange Market, during time period from 2006 to 2012. The analysis is based on CAMEL methodology. The period 2007 to 2009 is characterized by high profitability, liquidity and high capital adequacy. However, the eruption of the economic crisis in Greece during 2009 and its ominous impacts is revealed on the bank financial statements and reports.

25p nguyenanhtuan_qb 09-07-2020 23 3   Download

We provide complete source code for a front-end GUI and its back-end counterpart for a stock market visualization tool. It is built based on the “functional visualization” concept we discuss, whereby functionality is not sacrificed for fancy graphics. The GUI, among other things, displays a color-coded signal (computed by the back-end code) based on how “out-of-whack” each stock is trading compared with its peers (“mean-reversion”), and the most sizable changes in the signal (“momentum”). The GUI also allows to efficiently filter/tier stocks by various parameters (e.g.

106p nguyenanhtuan_qb 09-07-2020 19 3   Download

This paper investigates the interaction between non-standard debt investment (NSDI) and non-principal-guaranteed wealth management products (WMPs) of commercial banks in China after controlling the influences of several bank-specific and regulatory determinants. A credit switching model is employed to illustrate the mechanism in which special interest vehicles (SIVs) serve as the conduits for parent banks to conduct regulatory arbitrage by trade-off between on-balance-sheet funding strategy NSDI and off-balance-sheet financing via consignment of WMPs.

18p nguyenanhtuan_qb 09-07-2020 23 2   Download

This paper investigates the dynamics of the factors of the Fama & French (1993) model using data from the UK financial market. Since financial markets are exposed to exogenous and endogenous structural changes due to the implementation of new regulative guidelines and/or the fluctuation of investors’ behavior or the unanticipated financial crises, my analysis is based on an econometric methodology that accounts for structural breaks and regimes shifts.

19p nguyenanhtuan_qb 09-07-2020 31 4   Download

This paper investigates the relation between stock liquidity and firm performance. Liquidity plays an important role on performance of firms listed in Stock Exchange. When there is a good flow of trading stocks, people could expect more financing through absorbing investors on the market.

8p kelseynguyen 26-05-2020 13 0   Download

This paper presents an empirical investigation to determine whether or there is any difference between the returns of two value and growth portfolios, sorted by price-to-earnings (P/E) and price-to-book value (P/BV), in terms of the ratios of market sensitivity to index (β), firm size and market liquidity in listed firms in Tehran Stock Exchange (TSE) over the period 2001-2008.

8p kelseynguyen 26-05-2020 27 1   Download

The paper is about Dividend Policy: A Case of UK based Companies. The objective of the study is to critically examine the dividend policy of UK based companies listed in London Stock Exchange i.e., the theories of organizational dividend policy, arguments for and against of dividend, and determinants of dividend policy. The study also examines the influence of liquidity, leverage, profitability, growth, and ownership structure, and market capitalization on the dividend rate.

11p tocectocec 19-05-2020 15 1   Download

Past evidence show that the impact of cross-listings in foreign markets on the volatility and liquidity of shares in domestic market depends the market transparency (or informational linkage between markets) and the effect of order flow migration from domestic market. Listed companies in Mainland China can issue two different classes of stocks.

22p cothumenhmong4 24-03-2020 20 3   Download