Explaining penny stock returns versus non-penny stock returns from a liquidity perspective

The presence of higher penny stock returns in the Malaysian stock market in recent years may have attracted the attention of investors. On the other hand, it indicates a liquidity risk premium, implying a higher risk associated with the stocks. Employing yearly panel data of 434 penny firms and 319...

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Bibliographic Details

Main Authors:	Syed Sallehuddin, Sharifah Nadhira, Che-Yahya, Norliza, Soo, Cheng Chuah
Format:	Article
Language:	en
Published:	Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA 2025
Subjects:	HG Finance Liquidity
Online Access:	https://ir.uitm.edu.my/id/eprint/122495/1/122495.pdf https://ir.uitm.edu.my/id/eprint/122495/ https://apmaj.uitm.edu.my/
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