Market liquidity and stock returns in the Norwegian stock market

descriptionPublicationkeyboard_double_arrow_right Article 01 May 2017 English Publisher:Elsevier BVJournal:Finance Research Letters, volume 21, pages 272-276 (issn: 1544-6123,

Copyright policy )

Authors: Thomas Leirvik; Sondre R. Fiskerstrand; Anders B. Fjellvikås;

doi: 10.1016/j.frl.2016.12.033

Market liquidity and stock returns in the Norwegian stock market

- Summary
- Metrics

Abstract

Abstract We analyze the liquidity sensitivity of stock returns in the Norwegian stock market over the period 1983–2015. Even though the liquidity measures we apply are standard in the literature, we find no evidence of a relationship between returns and market liquidity. This is in strong contrast to the evidence of a significant sensitivity to liquidity in the US market, and suggest further analysis on the topic.

Related Organizations

Nord University
Norway

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	26
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%