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• W2103645061 abstract "This paper explicitly tests the hypothesis that illiquidity risk is not priced in the Polish medium-size emerging stock market. To address this issue, we employ a liquidity-adjusted capital asset pricing model which explains how asset prices are affected by illiquidity risk and commonality in liquidity. The model takes into consideration various sources of illiquidity risk. In contrast to previous studies for the U.S. developed stock market, our empirical results indicate no reason to reject the research hypothesis that illiquidity risk is not priced in the Warsaw Stock Exchange." @default.
• W2103645061 created "2016-06-24" @default.
• W2103645061 creator A5041808683 @default.
• W2103645061 date "2014-01-01" @default.
• W2103645061 modified "2023-09-23" @default.
• W2103645061 title "Is Illiquidity Risk Priced? : the Case of the Polish Medium-Size Emerging Stock Market" @default.
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