Item description for Liquidity and Asset Prices (Foundations and Trends(R) in Finance) by Yakov Amihud...
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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Est. Packaging Dimensions: Length: 8.98" Width: 5.98" Height: 0.39" Weight: 0.4 lbs.
Release Date Dec 1, 2005
Publisher Now Publishers Inc
ISBN 1933019123 ISBN13 9781933019123
Availability 115 units. Availability accurate as of Mar 26, 2017 06:42.
Usually ships within one to two business days from La Vergne, TN.
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More About Yakov Amihud
Yakov Amihud is the Ira Rennert Professor of Finance at the Stern School of Business, New York University. His published research focuses on the effects of the liquidity of stocks and bonds on their returns and values and the design and evaluation of securities markets' trading methods and systems. On these topics, Professor Amihud has advised the New York Stock Exchange, American Stock Exchange, Chicago Board of Options Exchange, Chicago Board of Trade and other securities markets. He has published more than ninety research articles in professional journals and in books and edited and co-edited five books on securities market design, international finance, leveraged buyouts and bank mergers and acquisitions.