The Relation Between Asset Liquidity and Stock Liquidity

  • 鄭 驊紋

Student thesis: Master's Thesis

Abstract

This paper studies the relationship between asset liquidity and stock liquidity in Taiwan-based publicly traded firms I observe a positive relationship between asset liquidity and stock liquidity This result implies that the influence of lower uncertainty regarding assets-in-place overwhelms the influence of higher uncertainty about future investment Furthermore this relationship can be more positive for firms with fewer growth opportunities or higher financial constraints Firms with less growth opportunities or higher financial constraint will increase the uncertainty regarding future investment; therefore the relation will be more positive My results shed light on the value of asset liquidity
Date of Award2014 Jul 1
Original languageEnglish
SupervisorPing-Hsun Huang (Supervisor)

Cite this

The Relation Between Asset Liquidity and Stock Liquidity
驊紋, 鄭. (Author). 2014 Jul 1

Student thesis: Master's Thesis