Financial constraints, stock liquidity, and stock returns
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DOI: 10.1016/j.intfin.2019.101139
Abstract: This paper examines stock liquidity in explaining the mixed relations between financial constraints and stock returns and the pricing of stock liquidity across financially constrained and unconstrained firms. We find a negative relation in liquid… read more here.
Keywords: financial constraints; stock returns; stock liquidity; liquidity ... See more keywords