LIQUIDITY AND COST OF CAPITAL: IMPLICATIONS FOR CORPORATE MANAGEMENT

Abstract

Journal of Applied Corporate FinanceVolume 2, Issue 3 p. 65-73 LIQUIDITY AND COST OF CAPITAL: IMPLICATIONS FOR CORPORATE MANAGEMENT Yakov Amihub, Yakov Amihub Have co-authored numerous articles on securities market struc- ture: technology, market-making and the design of trading mechanisms; and the effects of trading methods on stock price behavior in the US, Japan and italy. Amihud is on the faculties of The Leonard N. Stern Graduate School of Business at New York University and The Faculty of Management at Tel Aviv University. He is also doing research in corporate finance and is the editor of Leveraged Management Buyouts. Mendelson is on the faculty of the Stanford Business School. He specializes in the economics and application of information technologies in securties markets, and is the author of The Economics of Information Systems Management. This article is based closely on our paper, “Liquidity and Asset Prices: Financial Management Implications,” Financial Management, Spring 1988. We thank Don Chew, the editor of this journal, for his comments and suggestions.Search for more papers by this authorHaim Mendelson, Haim Mendelson Have co-authored numerous articles on securities market struc- ture: technology, market-making and the design of trading mechanisms; and the effects of trading methods on stock price behavior in the US, Japan and italy. Amihud is on the faculties of The Leonard N. Stern Graduate School of Business at New York University and The Faculty of Management at Tel Aviv University. He is also doing research in corporate finance and is the editor of Leveraged Management Buyouts. Mendelson is on the faculty of the Stanford Business School. He specializes in the economics and application of information technologies in securties markets, and is the author of The Economics of Information Systems Management.Search for more papers by this author Yakov Amihub, Yakov Amihub Have co-authored numerous articles on securities market struc- ture: technology, market-making and the design of trading mechanisms; and the effects of trading methods on stock price behavior in the US, Japan and italy. Amihud is on the faculties of The Leonard N. Stern Graduate School of Business at New York University and The Faculty of Management at Tel Aviv University. He is also doing research in corporate finance and is the editor of Leveraged Management Buyouts. Mendelson is on the faculty of the Stanford Business School. He specializes in the economics and application of information technologies in securties markets, and is the author of The Economics of Information Systems Management. This article is based closely on our paper, “Liquidity and Asset Prices: Financial Management Implications,” Financial Management, Spring 1988. We thank Don Chew, the editor of this journal, for his comments and suggestions.Search for more papers by this authorHaim Mendelson, Haim Mendelson Have co-authored numerous articles on securities market struc- ture: technology, market-making and the design of trading mechanisms; and the effects of trading methods on stock price behavior in the US, Japan and italy. Amihud is on the faculties of The Leonard N. Stern Graduate School of Business at New York University and The Faculty of Management at Tel Aviv University. He is also doing research in corporate finance and is the editor of Leveraged Management Buyouts. Mendelson is on the faculty of the Stanford Business School. He specializes in the economics and application of information technologies in securties markets, and is the author of The Economics of Information Systems Management.Search for more papers by this author First published: Fall 1989 https://doi.org/10.1111/j.1745-6622.1989.tb00351.xCitations: 6 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume2, Issue3Fall 1989Pages 65-73 RelatedInformation