Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 엄찬영 | - |
dc.date.accessioned | 2019-11-24T18:34:57Z | - |
dc.date.available | 2019-11-24T18:34:57Z | - |
dc.date.issued | 2017-04 | - |
dc.identifier.citation | REVIEW OF FINANCIAL ECONOMICS, v. 33, page. 1-11 | en_US |
dc.identifier.issn | 1058-3300 | - |
dc.identifier.issn | 1873-5924 | - |
dc.identifier.uri | https://onlinelibrary.wiley.com/doi/abs/10.1016/j.rfe.2017.02.001 | - |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/113835 | - |
dc.description.abstract | We document that corporate investment contributes to stock liquidity. This study demonstrates a positive relationship between abnormal corporate investment and stock liquidity in the cross-section. Moreover, stock liquidity improves more apparently for firms with financial constraints. Our robustness check confirms that the existing regularities cannot explain the current finding. This analysis suggests that corporate investment decreases the risk of a firm and that a change in the risk affects the behavior of a market maker, leading to an increase in stock liquidity. (C) 2017 Elsevier Inc. All rights reserved. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | ELSEVIER SCIENCE INC | en_US |
dc.subject | Stock liquidity | en_US |
dc.subject | Corporate investment | en_US |
dc.subject | Financial constraints | en_US |
dc.title | Corporate investment and stock liquidity: Evidence on the price impact of trade | en_US |
dc.type | Article | en_US |
dc.identifier.doi | 10.1016/j.rfe.2017.02.001 | - |
dc.relation.page | 1-11 | - |
dc.relation.journal | Review of Financial Economics | - |
dc.contributor.googleauthor | Kang, Moonsoo | - |
dc.contributor.googleauthor | Wang, Wei | - |
dc.contributor.googleauthor | Eom, Chanyoung | - |
dc.relation.code | 2017039018 | - |
dc.sector.campus | S | - |
dc.sector.daehak | SCHOOL OF BUSINESS[S] | - |
dc.sector.department | DEPARTMENT OF FINANCE | - |
dc.identifier.pid | cyeom73 | - |
dc.identifier.researcherID | L-5103-2019 | - |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.