Value and liquidity under changing market conditions
نویسندگان
چکیده
منابع مشابه
Value and Liquidity under Changing Market Conditions
Papers studying the liquidity of a market tend to focus on decisions involving the trade-off between the selling price and the time-till-sale for a given set of market conditions. This paper characterizes market conditions using a price-probability locus; a change in market conditions is some combination of changes in the level and/or slope of this locus. I show how the effect of either type of...
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the purpose of business entity is to maximize shareholders wealth by enhancing the firm’s value thus, getting expected returns are very important for them. investors and creditors are going to find a precise scale for measuring overall performance of a firm as a whole to decide whether to invest in the firm, to continue with the firm or to exit from it. economic value added (eva) is an analytic...
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Papers studying the liquidity of a market tend to focus on decisions involving the trade-off between the selling price and the time-till-sale for a given set of market conditions. This paper characterizes the effect of a change in market conditions on a single seller where either a “price-increasing” or a “time-decreasing” change in market conditions can help a seller. Shamelessly stealing from...
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Various approaches to natural gas storage valuation applying real options theory have been developed in recent years. Postulating storage operators as price takers these methodologies ignore the important fact that most evolving gas spot markets, like the German spot market, lack of liquidity. Thus, considering storage operators as price takers does not account for interdependencies of storage ...
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ژورنال
عنوان ژورنال: Journal of Housing Economics
سال: 2006
ISSN: 1051-1377
DOI: 10.1016/j.jhe.2006.10.003