Stock Market Liquidity: Comparative Analysis of Croatian and Regional Markets

Autor:	Vladimir Benić, Ivna Franić
Jazyk:	angličtina
Rok vydání:	2008
Předmět:	liquidity stock market Croatia developing stock markets Amihud’s illiquidity ratio liquidity measures Finance HG1-9999
Zdroj:	Financial Theory and Practice, Vol 32, Iss 4, Pp 477-498 (2008)
Druh dokumentu:	article
ISSN:	1846-887X 1845-9757
Popis:	On the Croatian stock market liquidity has never been in the focus of academic research thus we find it necessary to observe liquidity at the aggregate level. This paper observes multi-dimensional liquidity through the impact of turnover on price change together with several one-dimensional measures. In our empirical research we applythe illiquidity measureto seven different stock markets. We focus on the Croatian stock market as compared to other markets in the Central and Eastern Europe and German market. The results of the research indicate a substantial level of illiquidity in the Croatian and other developing markets.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/27cb173d0aba4320b0b9d36565f71042 Zobrazit plný text záznamu View record in DOAJ