Liquidity and retail traders: the case of Saudi stock exchange

被引：1
|
作者：
Al-Awadhi, Abdullah M. [1 ]
Alhashel, Bader S. [2 ]
机构：
[1] PAAET, Coll Business Studies, Safat, Kuwait
[2] Kuwait Univ, Coll Business Adm, Shuwaikh, Kuwait
来源：
APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 12期
关键词：
Liquidity; retail traders; stock returns; Saudi stock exchange; ILLIQUIDITY; RETURNS;
D O I：
10.1080/13504851.2019.1659486
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate whether retail traders price liquidity. We use data from a market that has both domination of retail trading and an absence of market makers, specifically the stock market of Saudi Arabia. Using seven liquidity proxies, we find that retail traders do not price stock market liquidity.
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页码：1033 / 1037
页数：5
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