Essays about: "commonality in liquidity"
Found 2 essays containing the words commonality in liquidity.
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1. Flight to climate: liquidity commonality in brown equities
University essay from Stockholms universitet/Företagsekonomiska institutionenAbstract : Emerging ESG studies have established a negative equilibrium correlation between ESG factors and stock returns in an economy predominately influenced by investors with nonpecuniary preference over high ESG credentials. However, little research has delved into a potential systematic liquidity risk phenomenon associated with aggregate trading activities of ESG-motivated investors who share a common nonzero ESG preference component in their utility function. READ MORE
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2. The Neglected Stock Effect on Commonality in Liquidity
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : In this paper, I examine the relationships among commonality in liquidity, institutional ownership and analyst coverage. I find that institutional ownership has a significant positive relationship with liquidity commonality, and analyst coverage provides a significant determinant of institutional ownership. READ MORE