Empiryczna analiza płynności rynku akcji w oparciu o wybrane mierniki

• Authors: Otola, Iwona , Grabowska, Marlena

Title variants

PL

Empirical Analysis of Stock Market Liquidity Based on Chosen Measures

Abstracts

EN

The main aim of this paper is to measure and analyze the liquidity of stock markets based on the selected measures of liquidity. In the theoretical part of the paper, the essence of liquidity by diversifying its approach to the study area is presented. Further considerations explain the concept of financial market liquidity, as well as focus attention on discussing the main general characteristics of the stock market liquidity. The description of the methodology measures of market liquidity was done. As the research tools, the following indicators: Y. Amihud ratio, bid- -ask spread and turnover – capitalization ratio were chosen. In empirical researches the hypothesis which states that there is a correlative relationship between capital market liquidity and market return measured by the index value of WIG and WIG20 was verified. The analysis made possible to reject the above research assumption.

Keywords

EN

liquidity of stock markets, measures of liquidity, market return; liquidity of stock markets; measures of liquidity; market return

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2012
• Volume: 262

Dates

published

2012

Contributors

author

Otola, Iwona

author

Grabowska, Marlena

other

Politechnika Częstochowska; Wydział Zarządzania; Instytut Logistyki i Zarządzania Międzynarodowego

Identifiers

URI

http://hdl.handle.net/11089/1842