Liquidity and stock returns: Evidence from the Ho Chi Minh Stock Exchange

Please use this identifier to cite or link to this item: https://dspace.ctu.edu.vn/jspui/handle/123456789/4837

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DC Field	Value	Language
dc.contributor.author	Lê, Long Hậu	-
dc.date.accessioned	2018-10-28T12:22:08Z	-
dc.date.available	2018-10-28T12:22:08Z	-
dc.date.issued	2017	-
dc.identifier.issn	2394-6881	-
dc.identifier.uri	http://dspace.ctu.edu.vn/jspui/handle/123456789/4837	-
dc.description.abstract	This study examines the effect of liquidity factor on stock returns on Ho Chi Minh stock exchange using data collected from 2006 to 2014. Results from OLS regression show that, compared to the three-factor model by Fama-French (1993), the three-factor model augmented with liquidity factor can explain stock returns better. This means that investors on stock market require risk premium for the liquidity risk of stocks. In other words, the liquidity factor is taken into account in the stock pricing model by investors.	vi_VN
dc.language.iso	en	vi_VN
dc.relation.ispartofseries	International Journal of Engineering Technology and Management;4 .- p.1-6	-
dc.subject	Liquidity	vi_VN
dc.subject	Stock returns	vi_VN
dc.subject	Three-factor model	vi_VN
dc.subject	Hochiminh stock exchange	vi_VN
dc.title	Liquidity and stock returns: Evidence from the Ho Chi Minh Stock Exchange	vi_VN
dc.type	Article	vi_VN
Appears in Collections:	Tạp chí quốc tế

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