Liquidity of assets and liquidity of shares: the example of the Warsaw Stock Exchange

Agata Gniadkowska-Szymańska ()
Additional contact information
Agata Gniadkowska-Szymańska: University of Lodz, Faculty of Economics and Sociology, Department of Capital Market and Investments

Bank i Kredyt, 2021, vol. 52, issue 1, 1-22

Abstract: The purpose of the article is to present the problem of financial liquidity and the liquidity of assets on the financial market. The integration of these two approaches should show if there will be any relationship between the liquidity of the company’s assets and the liquidity of its securities listed on the capital market. The applied research methodology is similar to that described by Goplan, Kadan, and Pevzner (2012) in “Asset liquidity and stock liquidity”. Studies were conducted on a group of companies listed on the Warsaw Stock Exchange in the period: 30 April 2012 – 31 December 2017. Conducting several separate studies using various measures describing liquidity on the data obtained for the Polish capital market confirms the hypothesis put forward at the beginning of the study that there is a statistically significant relationship between the liquidity of the shares and the liquidity of the company’s assets

Keywords: financial liquidity; economic condition of companies; capital market; liquidity of shares (search for similar items in EconPapers)
JEL-codes: G12 G13 G14 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://bankikredyt.nbp.pl/content/2021/01/bik_01_2021_01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpbik:v:52:y:2021:i:1:p:1-22

Access Statistics for this article

More articles in Bank i Kredyt from Narodowy Bank Polski Contact information at EDIRC.
Bibliographic data for series maintained by Wojciech Burjanek ().