Construct · 1 fields · 1 citations

liquidity risk: a standalone construct

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

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

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Asset pricing

the exposure of a stock's returns to fluctuations in aggregate market liquidity, for which investors demand extra expected return.

In asset pricing, liquidity risk refers to the exposure of a stock's returns to fluctuations in aggregate market liquidity, for which investors demand extra expected return. This meaning comes from Pástor (2003) in Journal of Political Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

aggregate3 fields · 6 citationsjingle · one word, three constructs asset2 fields · 2 citationsjingle · one word, two constructs commonality in liquidity1 fields · 1 citationsanchor · a standalone construct

References

Pástor, Ľ., & Stambaugh, R. F. (2003). Liquidity Risk and Expected Stock Returns. Journal of Political Economy, 111(3), 642-685. https://doi.org/10.1086/374184

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