Essays about: "Thomas Palm"

Found 1 essay containing the words Thomas Palm.

  1. 1. Pricing of liquidity: Study of the Stockholm Stock Exchange 1901-1919

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Otto Gernandt; Thomas Palm; [2009]
    Keywords : liquidity; index construction; asset pricing; historic market; Stockholm Stock Exchange;

    Abstract : This paper studies the importance of liquidity in determining security returns. The study is conducted on the Stockholm Stock Exchange, 1901-1919, a market which at the time suffered from low market turnover. We find out-of-sample effects that liquidity levels are significant determinants of returns. READ MORE