Return and liquidity risk with indices based on free float in the Chilean stock exchange
Fuente:
Redalyc
Enregistré dans:
| Auteur principal: | |
|---|---|
| Format: | Artículo científico |
| Langue: | en |
| Publié: |
Fundación Universitaria Konrad Lorenz
2022
|
| Sujets: | |
| Accès en ligne: | |
| Tags: |
Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!
|
| _version_ | 1876488885184233472 |
|---|---|
| author | Francisco Javier Vasquez Tejos |
| author_facet | Francisco Javier Vasquez Tejos |
| contents | Return and liquidity risk with indices based on free float in the Chilean stock exchange Francisco Javier Vasquez Tejos Hernan Marcelo Pape Larre Administración y Contabilidad Chile free float Liquidity risk return on equity measure of liquidity Introduction/objective: This paper explored the relationship between liquidity risk and stock returns in the Chilean stock market, using three measures of liquidity risk widely used in other research and three measures to which the free float variable is added.Methodology: The analysis is performed using panel data regression for the period 2010-2019, the sample considers 46 Chilean companies with a total of 5,509 monthly observations.Results: These show a relationship between profitability and liquidity risk, but only for two of the measures used. Liquidity risk measures based on free float do not show results in this line.Conclusions: This work is another indication that financial risks are difficult to classify in a specific model and liquidity risk is no exception. All the previous evidence, as well as this research, indicates that liquidity risk can be measured and captured by different indices and models. 2022 artículo científico 2215-910X https://www.redalyc.org/articulo.oa?id=609977043006 https://www.redalyc.org/journal/6099/609977043006/ https://www.redalyc.org/journal/6099/609977043006/html/ https://www.redalyc.org/journal/6099/609977043006/609977043006.epub https://www.redalyc.org/journal/6099/609977043006/movil 10.14349/sumneg/2022.V13.N29.A6 en http://www.redalyc.org/revista.oa?id=6099 Suma de Negocios application/pdf Fundación Universitaria Konrad Lorenz Suma de Negocios (Colombia) Num.29 Vol.13 |
| format | Artículo científico |
| id | redalyc_609977043006 |
| institution | Redalyc |
| language | en |
| publishDate | 2022 |
| publisher | Fundación Universitaria Konrad Lorenz |
| spellingShingle | Return and liquidity risk with indices based on free float in the Chilean stock exchange Francisco Javier Vasquez Tejos Administración y Contabilidad Chile free float Liquidity risk return on equity measure of liquidity Return and liquidity risk with indices based on free float in the Chilean stock exchange Francisco Javier Vasquez Tejos Hernan Marcelo Pape Larre Administración y Contabilidad Chile free float Liquidity risk return on equity measure of liquidity Introduction/objective: This paper explored the relationship between liquidity risk and stock returns in the Chilean stock market, using three measures of liquidity risk widely used in other research and three measures to which the free float variable is added.Methodology: The analysis is performed using panel data regression for the period 2010-2019, the sample considers 46 Chilean companies with a total of 5,509 monthly observations.Results: These show a relationship between profitability and liquidity risk, but only for two of the measures used. Liquidity risk measures based on free float do not show results in this line.Conclusions: This work is another indication that financial risks are difficult to classify in a specific model and liquidity risk is no exception. All the previous evidence, as well as this research, indicates that liquidity risk can be measured and captured by different indices and models. 2022 artículo científico 2215-910X https://www.redalyc.org/articulo.oa?id=609977043006 https://www.redalyc.org/journal/6099/609977043006/ https://www.redalyc.org/journal/6099/609977043006/html/ https://www.redalyc.org/journal/6099/609977043006/609977043006.epub https://www.redalyc.org/journal/6099/609977043006/movil 10.14349/sumneg/2022.V13.N29.A6 en http://www.redalyc.org/revista.oa?id=6099 Suma de Negocios application/pdf Fundación Universitaria Konrad Lorenz Suma de Negocios (Colombia) Num.29 Vol.13 |
| title | Return and liquidity risk with indices based on free float in the Chilean stock exchange |
| topic | Administración y Contabilidad Chile free float Liquidity risk return on equity measure of liquidity |
| url | https://www.redalyc.org/articulo.oa?id=609977043006 https://www.redalyc.org/journal/6099/609977043006/ https://www.redalyc.org/journal/6099/609977043006/html/ https://www.redalyc.org/journal/6099/609977043006/609977043006.epub https://www.redalyc.org/journal/6099/609977043006/movil |