Speculation and liquidity in stock and corporate bond markets
P Pasquariello, M Sandulescu - Available at SSRN 3962978, 2024 - papers.ssrn.com
Canonical theories of trading assume that financial asset payoffs are linear in their
fundamentals. This study argues and documents that the nonlinearity of equity and …
fundamentals. This study argues and documents that the nonlinearity of equity and …