Applicable Indicators For Measuring The Liquidity Of Bulgarian Stock Market

Krasimira Naydenova ()
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Krasimira Naydenova: Varna University of Economics

Business & Management Compass, 2014, issue 4, 80-91

Abstract: The liquidity of the stock market is a multifaceted and abstract concept, which is why it is difficult to measure. Emerging stock markets differ from the developed ones due to the lower liquidity, the level of protection of investors, the investment interest, the attractiveness of the investments, the application of the regulations. The measurement of their market liquidity requires a revision of the standard indicators and the composition of alternative ones, suitable for more precise estimation. Such an adequate indicator can be the aggregated level of agreement of trade.

Keywords: stock market; market liquidity; measurement indicators; emerging markets (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2014
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