A Fast Literature Search Engine based on top-quality journals, by Dr. Mingze Gao.
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Journals
Publication year
Trading Costs, Liquidity, and Asset Holdings.
Resource type
Author/contributor
- Bhushan, Ravi (Author)
Title
Trading Costs, Liquidity, and Asset Holdings.
Abstract
In this article I develop a model that accounts for interdependence between trading costs in various asset markets arising from the optimizing behavior of liquidity traders. The model suggests that noise trading is an important determinant of the liquidity of asset markets and provides a positive theory for diversified asset holding by risk-neutral liquidity traders.
Publication
Review of Financial Studies
Volume
4
Issue
2
Pages
343-60
Date
1991
Citation
Bhushan, R. (1991). Trading Costs, Liquidity, and Asset Holdings. Review of Financial Studies, 4, 343–360.
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