Liquidity and stock returns: An alternative test - Market-making with inventory

Authors: Datar V.T.; Y. Naik N.1; Radcliffe R.

Source: Journal of Financial Markets, Volume 1, Number 2, 1 August 1998 , pp. 203-219(17)

Publisher: Elsevier

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Keywords: [JEL classification codes] G12

Language: English

Document Type: Research article

DOI: 10.1016/S1386-4181(97)00004-9

Affiliations: 1: London Business School, IFA, Sussex Place, Regent Park, London NW1 4SA, UK

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