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Please use this identifier to cite or link to this item: https://digital.lib.ueh.edu.vn/handle/UEH/57863
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dc.contributor.authorJonathan Batten-
dc.contributor.otherXuan Vinh Vo-
dc.date.accessioned2018-10-29T09:41:54Z-
dc.date.available2018-10-29T09:41:54Z-
dc.date.issued2019-
dc.identifier.issn2175-908-
dc.identifier.urihttp://digital.lib.ueh.edu.vn/handle/UEH/57863-
dc.description.abstractThis paper investigates the link between stock market liquidity and firm value in an important emerging market, Vietnam. Specially, we examine this relationship using a sample of firms listed on the Ho Chi Minh City stock exchange for the period 2006–2014. We show that there is a negative relation between liquidity and firm value. This outcome is contrary to previous results for many developed countries. Further, we demonstrate that this result may be explained by differences in leverage effects and pricing-based theories, where stock liquidity influences firm performance via an illiquidity premium or mispricingen
dc.formatPortable Document Format (PDF)-
dc.language.isoeng-
dc.publisherWorld Scientific Publishing Co-
dc.relation.ispartofSingapore Economic Review-
dc.relation.ispartofseriesVol. 64, No. 2-
dc.rightsWorld Scientific Publishing Co-
dc.subjectEmerging marketsen
dc.subjectFirm valueen
dc.subjectFinancial leverageen
dc.subjectLiquidityen
dc.subjectVietnamen
dc.titleLiquidity and firm value in an emerging marketen
dc.typeJournal Articleen
dc.identifier.doihttps://doi.org/10.1142/S0217590817470063-
dc.format.firstpage365-
dc.format.lastpage367-
ueh.JournalRankingISI, Scopus, ABDC-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.cerifentitytypePublications-
item.fulltextOnly abstracts-
item.openairetypeJournal Article-
item.languageiso639-1en-
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