Journal ArticleDOI
The Impact of Derivative Trading on the Liquidity of Stocks
M S Narasimhan,Shalu Kalra +1 more
- Vol. 39, Iss: 3, pp 51-66
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TLDR
In this article, the authors proposed that liquidity is an important factor for smooth trading for all assets including equities traded in the stock markets and that stock exchanges enable buyers and sellers to come together for transaction and in...Abstract:
Liquidity is an important factor for smooth trading for all assets including equities traded in the stock markets. Stock exchanges enable buyers and sellers to come together for transaction and in ...read more
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Journal ArticleDOI
Estimating the cost of equity for the regulated energy and infrastructure sectors in India
TL;DR: In this paper , the authors apply three asset pricing models (CAPM, Fama-French three and five-factor models) to estimate the cost of equity for the Indian energy and infrastructure sectors.
Journal ArticleDOI
The Impact of Futures Contracts On Risk and Returns of the VN30 Index in Vietnam
TL;DR: In this article, the effects of derivatives of the Vietnam Ho Chi Minh (VN) Stock Index and VN30 futures contract for the underlying stock markets were analyzed using the Exponential Generalized Autoregressive Conditional Heteroscedastic (EGARCH) model.
Journal ArticleDOI
Derivatives use and the business lending efficiency of African banks
TL;DR: The authors studied a panel of 147 banks from 14 African countries between 2011 and 2017, using two competing non-parametric and parametric approaches for efficiency analysis and found that despite conflicting bank efficiency interpretations, both investigations corroborate the existence of widespread inefficiency of markets in Africa, which is likely strengthened by harmful fragmentation in the continent's financial/capital markets, market illiquidity, a lack of transparency, and informational inefficiency.
References
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Journal ArticleDOI
Market Liquidity Risk - An Overview
TL;DR: In this article, the authors provide an overview on important aspects of market liquidity and its risk and survey existing models to integrate market liquidity risk into risk frameworks, placing special emphasis on practical usability and discuss relevant strengths, weaknesses and their implications.
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