{"id":"https://openalex.org/W2004254078","doi":"https://doi.org/10.2139/ssrn.1095226","title":"Liquidity and Asset Pricing: Evidence on the Role of Investor Holding Period","display_name":"Liquidity and Asset Pricing: Evidence on the Role of Investor Holding Period","publication_year":2008,"publication_date":"2008-01-01","ids":{"openalex":"https://openalex.org/W2004254078","doi":"https://doi.org/10.2139/ssrn.1095226","mag":"2004254078"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.1095226","doi":"https://doi.org/10.2139/ssrn.1095226","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1095226","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1095226","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019808601","display_name":"Randi N\u00e6s","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210116418","display_name":"Ministry of Trade, Industry and Fisheries","ror":"https://ror.org/02j2d2g70","country_code":"NO","type":"government","lineage":["https://openalex.org/I4210116418","https://openalex.org/I4210149801"]}],"countries":["NO"],"is_corresponding":false,"raw_author_name":"Randi Naes","raw_affiliation_strings":["Norwegian Ministry of Trade and Industry, P.O. Box 8014 Dep, N-0030 Oslo, Norway","Norwegian Ministry of Trade and Industry"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Norwegian Ministry of Trade and Industry, P.O. Box 8014 Dep, N-0030 Oslo, Norway","institution_ids":["https://openalex.org/I4210116418"]},{"raw_affiliation_string":"Norwegian Ministry of Trade and Industry","institution_ids":["https://openalex.org/I4210116418"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5043041867","display_name":"Bernt Arne \u00d8degaard","orcid":"https://orcid.org/0000-0002-6464-2112","observed_orcids":["https://orcid.org/0000-0002-6464-2112"]},"institutions":[{"id":"https://openalex.org/I92008406","display_name":"University of Stavanger","ror":"https://ror.org/02qte9q33","country_code":"NO","type":"education","lineage":["https://openalex.org/I92008406"]}],"countries":["NO"],"is_corresponding":true,"raw_author_name":"Bernt Arne \u00d8degaard","raw_affiliation_strings":["University of Stavanger, UiS Business School, Stavanger, NO-4036, Norway","University of Stavanger"],"raw_orcid":"https://orcid.org/0000-0002-6464-2112","affiliations":[{"raw_affiliation_string":"University of Stavanger, UiS Business School, Stavanger, NO-4036, Norway","institution_ids":["https://openalex.org/I92008406"]},{"raw_affiliation_string":"University of Stavanger","institution_ids":["https://openalex.org/I92008406"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5043041867"],"corresponding_institution_ids":["https://openalex.org/I92008406"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/liquidity","display_name":"liquidity","score":0.6729999780654907},{"id":"https://openalex.org/keywords/asset-pricing","display_name":"asset pricing","score":0.9430000185966492},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.7419999837875366},{"id":"https://openalex.org/keywords/trading-turnover","display_name":"trading turnover","score":0.5130000114440918},{"id":"https://openalex.org/keywords/bid-ask-spread","display_name":"bid-ask spread","score":0.878000020980835},{"id":"https://openalex.org/keywords/individual-investors","display_name":"retail investors","score":0.7590000033378601},{"id":"https://openalex.org/keywords/investor-heterogeneity","display_name":"investor heterogeneity","score":0.6000000238418579},{"id":"https://openalex.org/keywords/market-microstructure","display_name":"market microstructure","score":0.6759999990463257}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6547826528549194},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.610089898109436},{"id":"https://openalex.org/C2781291010","wikidata":"https://www.wikidata.org/wiki/Q178580","display_name":"Period (music)","level":2,"score":0.5532023906707764},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5010292530059814},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.49507132172584534},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.48163002729415894},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.42103520035743713},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3715369403362274},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.32602769136428833},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2990398406982422},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.08239284157752991},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C24890656","wikidata":"https://www.wikidata.org/wiki/Q82811","display_name":"Acoustics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2139/ssrn.1095226","doi":"https://doi.org/10.2139/ssrn.1095226","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1095226","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:hhs:stavef:2009_019","doi":null,"is_oa":false,"landing_page_url":"http://www1.uis.no/ansatt/odegaard/uis_wps_econ_fin/uis_wps_2009_19_naes_odegaard.pdf","pdf_url":"http://www1.uis.no/ansatt/odegaard/uis_wps_econ_fin/uis_wps_2009_19_naes_odegaard.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":{"id":"doi:10.2139/ssrn.1095226","doi":"https://doi.org/10.2139/ssrn.1095226","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1095226","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W1591629962","https://openalex.org/W1650160759","https://openalex.org/W1690167440","https://openalex.org/W1995834279","https://openalex.org/W2016525917","https://openalex.org/W2028417201","https://openalex.org/W2036609670","https://openalex.org/W2046519558","https://openalex.org/W2047485150","https://openalex.org/W2074524292","https://openalex.org/W2095913825","https://openalex.org/W2104559023","https://openalex.org/W2104795328","https://openalex.org/W2108873859","https://openalex.org/W2112765524","https://openalex.org/W2122954881","https://openalex.org/W2128486552","https://openalex.org/W2136120210","https://openalex.org/W2141216870","https://openalex.org/W2149170345","https://openalex.org/W2163980978","https://openalex.org/W2166215547","https://openalex.org/W2172160388","https://openalex.org/W3121427646","https://openalex.org/W3121453935","https://openalex.org/W3122389145","https://openalex.org/W3122683263","https://openalex.org/W3122890729","https://openalex.org/W3123870023","https://openalex.org/W3124792793"],"related_works":["https://openalex.org/W2187947415","https://openalex.org/W2157518881","https://openalex.org/W4237155153","https://openalex.org/W4244589804","https://openalex.org/W2128045964","https://openalex.org/W15772118","https://openalex.org/W1650160759","https://openalex.org/W2101471986","https://openalex.org/W292314670","https://openalex.org/W7001849283"],"abstract_inverted_index":null,"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}