turanВестник университета «Туран»Bulletin of "Turan" University1562-29592959-1236Университет «Туран»10.46914/1562-2959-2020-1-4-274-278turan-1400Research ArticleТРИБУНА МОЛОДОГО ИССЛЕДОВАТЕЛЯPLATFORM OF YOUNG RESEARCHERЛиквидность как долгосрочный структурный фактор, влияющий на ценообразование финансовых активов в КазахстанеLiquidity as a long-term structural factor affecting asset pricing in KazakhstanТатибековаА. Н.TatibekovaA. N.Университет «Туран»КазахстанTuran UniversityKazakhstan20202912202004274278Copyright © Татибекова А.Н., 20202020Татибекова А.Н.Tatibekova A.N.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://vestnik.turan-edu.kz/jour/article/view/1400активыценообразованиеликвидностькорпоративные облигациирискитранзакционные издержкиэмитентыassetspricingliquiditycorporate bondsriskstransaction costsissuersReferencesReport of Emerging Markets Committee of the International Organization of Securities Commissions in collaboration with the World Bank Group, “Development of Corporate Bond Markets in the Emerging Markets”, November, 2011.Report of Emerging Markets Committee of the International Organization of Securities Commissions in collaboration with the World Bank Group, “Development of Corporate Bond Markets in the Emerging Markets”, November, 2011.Easley D., O´Hara M. Is Information Risk a Determinant of Asset Returns? Journal of Finance, 2002, vol. 57, issue 5, 2185–2221.Easley D., O´Hara M. Is Information Risk a Determinant of Asset Returns? Journal of Finance, 2002, vol. 57, issue 5, 2185–2221.Amihud Yakov, Mendelson Haim. Asset pricing and the bid-ask spread Journal of Financial Economics, 1986, vol. 17, issue 2, 223–249.Amihud Yakov, Mendelson Haim. Asset pricing and the bid-ask spread Journal of Financial Economics, 1986, vol. 17, issue 2, 223–249.Brennan М., Subrahmanyam A. Market microstructure and asset pricing: On the compensation for illiquidity in stock returns. Journal of Financial Economics, 1996, vol. 41, issue 3, 441–464.Brennan М., Subrahmanyam A. Market microstructure and asset pricing: On the compensation for illiquidity in stock returns. Journal of Financial Economics, 1996, vol. 41, issue 3, 441–464.Aiyagari S., Gertler M. Asset returns with transactions costs and uninsured individual risk. Journal of Monetary Economics, 1991, vol. 27, issue 3, 311–331.Aiyagari S., Gertler M. Asset returns with transactions costs and uninsured individual risk. Journal of Monetary Economics, 1991, vol. 27, issue 3, 311–331.Vayanos D., Vila J.L. Equilibrium interest rate and liquidity premium with transaction costs. Economic Theory, 1999, vol.13, 509–539.Vayanos D., Vila J.L. Equilibrium interest rate and liquidity premium with transaction costs. Economic Theory, 1999, vol.13, 509–539.Mahanti S., Nashikkar A., Subrahmanyam M., Chacko G., Mallik G. “Latent liquidity: A new measure of liquidity, with an application to corporate bonds”. Journal of Financial Economics, 2008, vol. 88, issue 2, 272–298.Mahanti S., Nashikkar A., Subrahmanyam M., Chacko G., Mallik G. “Latent liquidity: A new measure of liquidity, with an application to corporate bonds”. Journal of Financial Economics, 2008, vol. 88, issue 2, 272–298.Cortazar G., Schwartz E.S., Naranjo L. Term Structure Estimation in Markets with Infrequent Trading. International Journal of Finance and Economics, Volume12, Issue 4, 2007, 353–369.Cortazar G., Schwartz E.S., Naranjo L. Term Structure Estimation in Markets with Infrequent Trading. International Journal of Finance and Economics, Volume12, Issue 4, 2007, 353–369.FTSE Country Classification Process September 2017.FTSE Country Classification Process September 2017.
The authors declare that there are no conflicts of interest present.