Construct · 1 fields · 1 citations

liquidity premium: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Asset pricing

the higher expected return investors require to hold assets that are costlier to trade, such as those with wider bid-ask spreads.

In asset pricing, liquidity premium refers to the higher expected return investors require to hold assets that are costlier to trade, such as those with wider bid-ask spreads. This meaning comes from Amihud (1986) in Journal of Financial Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructs liquidity2 fields · 2 citationsjingle · one word, two constructs premium4 fields · 4 citationsjingle · one word, four constructs

References

Amihud, Y., & Mendelson, H. (1986). Asset pricing and the bid-ask spread. Journal of Financial Economics, 17(2), 223-249. https://doi.org/10.1016/0304-405x(86)90065-6

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