02755ntm a22005057i 4500 000676294 CZ-PrVSE 20200613194230.0 m d cr n|||||||||| 200613s2020 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Dereniuk, Valeriia ISIS:143372 dis Effect of liquidity on company’s stock market performance eng Effect of liquidity on company’s stock market performance / Valeriia Dereniuk 2020 ?? stran : digital, PDF soubor Vedoucí práce: Karel Brůna Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2020 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2020 The asset liquidity plays an important role in investors’ decisions. The idea of the study is to investigate the impact of liquidity on companies’ stock return based on the stock and financial data of European companies from 2015 until 2018. Amihud’s illiquidity measure is used as a proxy for illiquidity and calculated as a weighted average of stock returns based on the traded volume. As controlling variables we used beta as a measure of systematic risk, stock risk, size of the company and book-to-market ratio. The statistical analysis was done on 152 companies that were selected for the final sample using the statistical software - Eview 11. We found that liquidity has a negative relationship with companies’ stock return. This results support the hypothesis of aversion towards illiquidity. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Amihud risk and return stock return liquidity effect Brůna, Karel, 1973- mzk2009543943 ths Dědeček, Radek ISIS:108606 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/71211/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/71211 Hlavní práce https://insis.vse.cz/zp/71211/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/71211/posudek/oponent/67287 Oponentura https://insis.vse.cz/zp/71211/podrobnosti dc:identifier NEPOSILAT VSKP vse71211 200610 71211