Servicios Personalizados
Revista
Articulo
Inglés (pdf)
Articulo en XML
Referencias del artículo
Traducción automática
Enviar articulo por emailIndicadores
Citado por SciELO 
Accesos
Links relacionados
Citado por Google 
Similares en
SciELO 
Similares en Google
Compartir
Permalink
Suma de Negocios
versión impresa ISSN 2215-910Xversión On-line ISSN 2027-5692
Resumen
VASQUEZ TEJOS, Francisco Javier y PAPE LARRE, Hernan Marcelo. Return and liquidity risk with indices based on free float in the Chilean stock exchange. suma neg. [online]. 2022, vol.13, n.29, pp.132-139. Epub 25-Jul-2023. ISSN 2215-910X. https://doi.org/10.14349/sumneg/2022.v13.n29.a6.
Introduction/objective:
This paper explored the relationship between liquidity risk and stock returns in the Chilean stock market, using three measures of liquidity risk widely used in other research and three measures to which the free float variable is added.
Methodology:
The analysis is performed using panel data regression for the period 2010-2019, the sample considers 46 Chilean companies with a total of 5,509 monthly observations.
Results:
These show a relationship between profitability and liquidity risk, but only for two of the measures used. Liquidity risk measures based on free float do not show results in this line.
Conclusions:
This work is another indication that financial risks are difficult to classify in a specific model and liquidity risk is no exception. All the previous evidence, as well as this research, indicates that liquidity risk can be measured and captured by different indices and models.
Palabras clave : Liquidity risk; return on equity; measure of liquidity; free float; Chile.
