File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Liquidity as an investment style

TitleLiquidity as an investment style
Authors
Ibbotson, RGChen, ZKim, DYJHu, WY
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?
DOI: http://dx.doi.org/10.2469/faj.v69.n3.4
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
0015-198X
2023 Impact Factor: 3.4
2023 SCImago Journal Rankings: 2.191
ISI Accession Number ID
WOS:000320013400004

 

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.identifier.isiWOS:000320013400004-
dc.publisher.placeUnited States-
dc.identifier.issnl0015-198X-

Export via OAI-PMH Interface in XML Formats

OR

Export to Other Non-XML Formats