Abstract

The paper investigates the relationship between the investment holding horizon and liquidity. I confirm and expand earlier findings on this issue: less liquid stocks are held by long term investors. Further, I find that stocks held for a short period carry more of liquidity risk. This means that short term investors load on liquidity risk when making investment decisions, which is an extension of the earlier findings of Teo (2011) for hedge funds.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.