Discounts on Restricted Stock: The Impact of Illiquidity on Stock Prices
作者： William L. Silber
关键词:
摘要: … relative to publicly traded stock and inversely with the credit-worthiness of the issuing … block of restricted stock illustrates the importance of liquidity to the valuation of common stock…
cfapubs.org 参考文章(1)
Wayne H. Mikkelson, M.Megan Partch, Stock price effects and costs of secondary distributions Journal of Financial Economics. ,vol. 14, pp. 165- 194 ,(1985) , 10.1016/0304-405X(85)90013-3