Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 298

Table of Content: October 2016 ; 8(8)

October 2016

The pricing of illiquidity risk on emerging stock exchange markets: A portfolio panel data analysis

The main purpose of this paper is to examine the main role of liquidity in stock pricing on African emerging stock markets. The study applies portfolios panel data analysis to modify and adapt the existing estimation process. Using three different procedures, six portfolios have been constructed base on the 32 most active stocks on the so called BRVM; the measures of liquidity considered are the turnover and the...

Author(s): Hikouatcha Kenfack, Prince Dubois, Kamdem David, Bidias Menik Hans Patrick and Adeyeye Patrick Olufemi