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Article: Liquidity as an investment style

TitleLiquidity as an investment style
Authors
Issue Date2013
PublisherCFA Institute. The Journal's web site is located at http://www.aimrpubs.org/faj/home.html
Citation
Financial Analysts Journal, 2013, v. 69 n. 3, p. 30-44 How to Cite?
AbstractLiquidity should be given equal standing with size, value/growth, and momentum as an investment style. As measured by stock turnover, liquidity is an economically significant indicator of long-run returns. The returns of liquidity are sufficiently different from those of the other styles that it is not merely a substitute. Finally, a stock's liquidity is relatively stable over time, with changes in liquidity associated with changes in valuation. © 2013 CFA Institute.
Persistent Identifierhttp://hdl.handle.net/10722/222285
ISSN
2015 Impact Factor: 0.981
2015 SCImago Journal Rankings: 1.206

 

DC FieldValueLanguage
dc.contributor.authorIbbotson, RG-
dc.contributor.authorChen, Z-
dc.contributor.authorKim, DYJ-
dc.contributor.authorHu, WY-
dc.date.accessioned2016-01-11T04:50:35Z-
dc.date.available2016-01-11T04:50:35Z-
dc.date.issued2013-
dc.identifier.citationFinancial Analysts Journal, 2013, v. 69 n. 3, p. 30-44-
dc.identifier.issn0015-198X-
dc.identifier.urihttp://hdl.handle.net/10722/222285-
dc.description.abstractLiquidity should be given equal standing with size, value/growth, and momentum as an investment style. As measured by stock turnover, liquidity is an economically significant indicator of long-run returns. The returns of liquidity are sufficiently different from those of the other styles that it is not merely a substitute. Finally, a stock's liquidity is relatively stable over time, with changes in liquidity associated with changes in valuation. © 2013 CFA Institute.-
dc.languageeng-
dc.publisherCFA Institute. The Journal's web site is located at http://www.aimrpubs.org/faj/home.html-
dc.relation.ispartofFinancial Analysts Journal-
dc.titleLiquidity as an investment style-
dc.typeArticle-
dc.identifier.emailChen, Z: zchen99@hku.hk-
dc.identifier.authorityChen, Z=rp02041-
dc.identifier.doi10.2469/faj.v69.n3.4-
dc.identifier.scopuseid_2-s2.0-84879645528-
dc.identifier.volume69-
dc.identifier.issue3-
dc.identifier.spage30-
dc.identifier.epage44-
dc.publisher.placeUnited States-

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