{"id":"https://openalex.org/W3125883790","doi":"https://doi.org/10.1016/j.jbankfin.2012.07.021","title":"Liquidity Risk and Stock Returns Around the World","display_name":"Liquidity Risk and Stock Returns Around the World","publication_year":2011,"publication_date":"2011-12-28","ids":{"openalex":"https://openalex.org/W3125883790","doi":"https://doi.org/10.1016/j.jbankfin.2012.07.021","mag":"3125883790"},"language":"en","primary_location":{"id":"doi:10.1016/j.jbankfin.2012.07.021","doi":"https://doi.org/10.1016/j.jbankfin.2012.07.021","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2012.07.021","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.652961","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5026180351","display_name":"Samuel Xin Liang","orcid":"https://orcid.org/0000-0002-9511-1410","observed_orcids":["https://orcid.org/0000-0002-9511-1410"]},"institutions":[{"id":"https://openalex.org/I200769079","display_name":"Hong Kong University of Science and Technology","ror":"https://ror.org/00q4vv597","country_code":"HK","type":"education","lineage":["https://openalex.org/I200769079"]}],"countries":["HK"],"is_corresponding":true,"raw_author_name":"Samuel Xin Liang","raw_affiliation_strings":["The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong","institution_ids":["https://openalex.org/I200769079"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5062253298","display_name":"K.C. John Wei","orcid":"https://orcid.org/0000-0003-4651-0113","observed_orcids":["https://orcid.org/0000-0003-4651-0113"]},"institutions":[{"id":"https://openalex.org/I200769079","display_name":"Hong Kong University of Science and Technology","ror":"https://ror.org/00q4vv597","country_code":"HK","type":"education","lineage":["https://openalex.org/I200769079"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"John K.C. Wei","raw_affiliation_strings":["The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong","institution_ids":["https://openalex.org/I200769079"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5026180351"],"corresponding_institution_ids":["https://openalex.org/I200769079"],"apc_list":{"value":3340,"currency":"USD","value_usd":3340},"apc_paid":null,"fwci":5.6443,"has_fulltext":false,"cited_by_count":73,"citation_normalized_percentile":{"value":0.95984409,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":91,"max":99},"biblio":{"volume":"36","issue":"12","first_page":"3274","last_page":"3288"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9976000189781189,"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":0.9976000189781189,"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/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.00039999998989515007,"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":0.00039999998989515007,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/liquidity-risk","display_name":"liquidity risk","score":0.9879999756813049},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.8870000243186951},{"id":"https://openalex.org/keywords/liquidity-premium","display_name":"liquidity premium","score":0.6010000109672546},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.597000002861023},{"id":"https://openalex.org/keywords/board-effectiveness","display_name":"board effectiveness","score":0.8519999980926514},{"id":"https://openalex.org/keywords/insider-trading","display_name":"insider trading","score":0.9900000095367432},{"id":"https://openalex.org/keywords/developed-stock-markets","display_name":"developed stock markets","score":0.656000018119812},{"id":"https://openalex.org/keywords/cross-country-stock-markets","display_name":"cross-country stock markets","score":0.46700000762939453}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6845373511314392},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.655704915523529},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5265061259269714},{"id":"https://openalex.org/C189259953","wikidata":"https://www.wikidata.org/wiki/Q1042259","display_name":"Liquidity risk","level":3,"score":0.4656333029270172},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4317626953125},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.41011476516723633},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.40726274251937866},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3917560577392578},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.06587094068527222},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.jbankfin.2012.07.021","doi":"https://doi.org/10.1016/j.jbankfin.2012.07.021","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2012.07.021","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.652961","doi":"https://doi.org/10.2139/ssrn.652961","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.652961","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":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:jbfina:v:36:y:2012:i:12:p:3274-3288","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0378426612002014","pdf_url":null,"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":"article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.652961","doi":"https://doi.org/10.2139/ssrn.652961","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.652961","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":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W1491979629","https://openalex.org/W1560849420","https://openalex.org/W1995834279","https://openalex.org/W2018514594","https://openalex.org/W2024735205","https://openalex.org/W2028995298","https://openalex.org/W2046519558","https://openalex.org/W2047485150","https://openalex.org/W2049830183","https://openalex.org/W2096718584","https://openalex.org/W2104795328","https://openalex.org/W2113208252","https://openalex.org/W2119675817","https://openalex.org/W2129525919","https://openalex.org/W2131675768","https://openalex.org/W2143139512","https://openalex.org/W2143476946","https://openalex.org/W3021190191","https://openalex.org/W3121238223","https://openalex.org/W3121257572","https://openalex.org/W3121401171","https://openalex.org/W3121453935","https://openalex.org/W3121759882","https://openalex.org/W3122064838","https://openalex.org/W3122070392","https://openalex.org/W3122311863","https://openalex.org/W3122489987","https://openalex.org/W3124255794","https://openalex.org/W3125461201","https://openalex.org/W4206220145"],"related_works":["https://openalex.org/W2564855567","https://openalex.org/W2119675817","https://openalex.org/W3123979702","https://openalex.org/W2026076790","https://openalex.org/W2414466261","https://openalex.org/W3137761106","https://openalex.org/W190089389","https://openalex.org/W2117211229","https://openalex.org/W753504910","https://openalex.org/W1565043945"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":9},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":7},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":10},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":3}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2025-10-10T00:00:00"}