Trading Costs, Liquidity, and Asset Holdings (Classic Reprint) - Couverture souple

Lee, Henry

Couverture souple

ISBN 10 : 1330448146 ISBN 13 : 9781330448144

Editeur : Forgotten Books, 2016

A propos du livre

Présentation de l'éditeur :

Excerpt from Trading Costs, Liquidity, and Asset Holdings

In the last few years there has been a big surge in trading activity in financial markets across the world and this trend is likely to continue as the financial marketplace gets more globalized. As trading activity increases and as more and more investors are attracted to these markets, the liquidity and trading costs in such markets become issues of great importance. The objective of this paper is to examine the factors that affect the liquidity of asset markets and the costs of trading in them. An attempt is made to answer questions such as: why are some assets more liquid than others; when faced with liquidity needs or excess liquidity, how does a trader decide on the amounts of the various assets to be traded; and what role does informed trading play in influencing the cost of trading and trading volume in a security?

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Présentation de l'éditeur :

Ravi Bhushan School of Management Massachusetts Institute ofT echnology June 1988 Revised: May 1989 Acknowledgments I am grateful toP aul Healy, Bruce Lehman, Antonio Mello, Stew Myers, Pat OB rien, John Parsons, David Scharfstein, Ro Verrecchia, and the seminar participants at MIT and Wharton for many helpful comments. I would especially like to thank Mark Wolfson for providing me with some key insights on this subject. A ddress: E52-440, School of Management, 50 Memorial Drive, M.I.T., Cambridge, MA 02139. Phone Number:
(Typographical errors above are due to OCR software and don't occur in the book.)

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À propos de cette édition

• Éditeur: Forgotten Books
• Date d'édition: 2016
• ISBN 10: 1330448146
• ISBN 13: 9781330448144
• Reliure: Broché
• Nombre de pages: 32