Privatization and liquidity in Iran

In a broad definition, liquidity is the ability to trade large quantities of stock quickly at low cost with little price impact. Market practitioners have been concerned with the concept of liquidity for a long time, but more recently liquidity has also been defined more strictlyin many accounting regimes and theoretical and empirical research on ithas gained momentum. The focus of this study is on some of the less explored dimensions of liquidity phenomena including the spillovers upon new listings, and from product markets to stock markets, effect of bankingrelations on firms liquidity, and attempts made by firms to affect their liquidity in order to finance cheaper in stock market.

Trefwoorden:commonality, Spillover, liquidity, IPO, capital structure, Privatization

Project type:PhD project