Factors affecting liquidity in the Casablanca stock exchange
Dissertant
Thesis advisor
University
Al Akhawayn University
Faculty
The School of Business Administration
University Country
Morocco
Degree
Master
Degree Date
2009
English Abstract
This paper documents how different factors affect the bid-ask spread – measure of liquidity – of the stocks listed at the Casablanca Stock Exchange during the period between 2006 and 2008.
Our results show that market-to-book ratio and ownership structure increase the bid-ask spread, while payout ratio, consensus recommendation, and the firms’ size reduce the bid-ask spread.
We argue that these effects are due to the information disclosure mechanisms associated with these variables.
Increasing information disclosure is expected to improve the liquidity of stock for the firms listed at the Casablanca Stock Exchange
Main Subjects
No. of Pages
26
Table of Contents
Table of contents.
Abstract.
[Chapter One] : Introduction.
[Chapter Two] : Motivation and background.
[Chapter Three] : Data.
[Chapter Four] : Methodology.
[Chapter Five] : Robustness of results.
[Chapter Six] : Conclusion.
References.
American Psychological Association (APA)
al-Juandafi, Badr. (2009). Factors affecting liquidity in the Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-627297
Modern Language Association (MLA)
al-Juandafi, Badr. Factors affecting liquidity in the Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University. (2009).
https://search.emarefa.net/detail/BIM-627297
American Medical Association (AMA)
al-Juandafi, Badr. (2009). Factors affecting liquidity in the Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-627297
Language
English
Data Type
Arab Theses
Record ID
BIM-627297
