Sökning: "Otto Thomas"

Hittade 1 uppsats innehållade orden Otto Thomas.

  1. 1. Pricing of liquidity: Study of the Stockholm Stock Exchange 1901-1919

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Otto Gernandt; Thomas Palm; [2009]
    Nyckelord :liquidity; index construction; asset pricing; historic market; Stockholm Stock Exchange;

    Sammanfattning : This paper studies the importance of liquidity in determining security returns. The study is conducted on the Stockholm Stock Exchange, 1901-1919, a market which at the time suffered from low market turnover. We find out-of-sample effects that liquidity levels are significant determinants of returns. LÄS MER