Time and the price impact of a trade
Article Abstract:
Issues related to the effect waiting time between transactions has on the price of a security are examined. Topics include the use of a model created by Joel Hasbrouck for prices and trade, and the conclusions that active trading markets increase successive buying, decrease liquidity, and create more trading information.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2000
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LAPM: a liquidity-based asset pricing model
Article Abstract:
Financial research using the capital asset pricing model focuses on risk aversion and consumer preference in determining prices. A liquidity-based asset pricing model is presented that also factors the corporate distribution of wealth.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2001
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Feedback from stock prices to cash flow
Article Abstract:
A paper on feedback from stock prices to cash flows is presented. The phenomenon entails stakeholders making decisions based on the information contained in a stock's price.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2001
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