How to cite this paper
Yaseen, H & Omet, G. (2021). The Jordanian capital market: Liquidity cost during COVID19 pandemic infection.Accounting, 7(5), 1025-1032.
Refrences
Agudelo, D. (2010). Friend or foe? Foreign investors and the liquidity of six Asian markets. Asia-Pacific Journal of Financial Studies, 39, 261-300.
Ahn, H., Cai, J., & Yang, C. (2018). Which liquidity proxy measures liquidity best in emerging markets? Economies, 6, 1-31.
Amihud, Y., & Mendelson, H. (1980). Dealership market, Market - Making with inventory. Journal of Financial Economics, 8, 31-53.
Attig, N., Gadhoum, Y., & Lang, L. (2003). Bid-Ask spread, asymmetric information and ultimate ownership. EFMA Helsinki.
Bagehot, W. (1971). The only game in town. Financial Analysts Journal, 22, 12-14.
Baig, A. S., Butt, H. A., Haroon, O., & Rizvi, S. A. R. (2020). Deaths, panic, lockdowns and US equity markets, The case of COVID-19 pandemic. Finance Research Letters, 101701.
Benston, G., & Hagerman, R. (1974). Determinants of bid-ask spreads in the over-the-counter market. Journal of Financial Economics, 1, 353-364.
Brennan, M., &Subrahmanyama, A. (1996). Market microstructure and asset pricing, On the compensation for illiquidity in stock returns. Journal of Financial Economics, 41, 441-464.
Chai, D., Faff, R., & Gharghori, P. (2012). New Evidence on the relation between stock liquidity and measures of trading activity. International Review of Financial Analysis, 19, 181-192.
Chen, M.H., Jang, S.S., & Kim, W.G. (2007). The impact of the SARS outbreak on Taiwanese hotelstock performance, an event-study approach. International Journal of Hospitality Management, 26, 200-212.
Chung, D., & Hrazdil, K. (2010). Liquidity and market efficiency: A large sample study. Journal of Banking & Finance, 34(10), 2346-2357.
Demsetz, H. (1968), The cost of transacting, The Quarterly Journal of Economics, 82,33-53.
Ding, M., Nilsson, B., & Suardi, S. (2013). Foreign institutional investors and stock market liquidity in China, State ownership, trading activity and information Asymmetry. Working Paper No. 14, The Knut Wicksell Centre for Financial Studies, Lund University.
Eleftheriou, K., & Patsoulis, P. (2020). COVID-19 lockdown intensity and stock market returns, A spatial econometrics approach.
Frino, A., Gerace, D., & Lepone, A. (2008). Liquidity in auction and specialist market structures, Evidence from the Italian bourse. Journal of Banking and Finance, 32, 2581-2588.
Gagnon, M., & Gimet, C. (2013). The impacts of standard monetary and budgetary policies on liquidity and financial markets, International evidence from the credit freeze crisis. Journal of Banking and Finance, 37, 4599-4614.
Glosten, L., & Harris, L. (1988). Estimating the components of the bid-ask spread. Journal of Financial Economics, 19, 123-142.
Greenwood, J., & Jovanovic, B. (1990). Financial Development, Growth, and the Distribution of Income. Journal of Political Economy, 98, 1076-1107.
Gormsen, N. J., & Koijen, R. S. (2020). Coronavirus, Impact on stock prices and growth expectations. The Review of Asset Pricing Studies, 10(4), 574-597.
Ho, T., & Stoll, H. (1981). Optimal dealer pricing under transactions and return uncertainty. Journal of Financial Economics, 9, 47-73.
Ichev, R., & Marinč, M. (2018). Stock prices and geographic proximity of information, Evidence from the Ebola outbreak. International Review of Financial Analysis, 56, 153-166.
Jacoby, G., & Zheng, S. (2018). Ownership dispersion and market liquidity. International Review of Financial Analysis, 19, 81-88.
Jiang, Y., Zhang, Y., Ma, C., Wang, Q., Xu, C., Donovan, C., & Sun, W. (2017). H7N9 not onlyendanger human health but also hit stock marketing. Advances in Disease Control and Prevention, 2, 1-7.
Kodres, L. (2020). Brakes or bans, protecting financial markets during a pandemic. Available at, https,//voxeu.org/article/brakes-or-bans-protecting-financial-markets-during-pandemic (accessed 27 July 2020).
Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. (2020). The COVID-19 outbreak andaffected countries stock markets response. International Journal of Environmental Researchand Public Health, 17, 101-125.
Madhavan, A., & Smidt, S. (1991). A bayesian model of intraday specialist pricing. Journal of Financial Economics, 30, 99-134.
Omet, G., Abu-Khalaf, B., & Yaseen, H. (2015). On the bid-ask spread in the Jordanian banking sector, What are the implications? Journal of Economics, Finance and Accounting 2, 220-229.
Omet, G., Yaseen, H., & Abdel-Halim, M. (2015). The minimum tick and stock market liquidity, The case of Dubai and the Abu Dhabi capital markets. International Journal of Business and Management, 10, 67-73.
Ross, L. (1991). Stock markets, growth, and tax policy. Journal of Finance, American Finance Association, 46, 1445-65.
Ross, L. (1996).Financial Dedvelopment and economic rowth, Views and Aagenda. Policy Research Working Paper No. 1678, The World Bank.
Sarin, A., Shastri, A., & Shastri, K. (1997). Ownership structure and stock market liquidity. Working Paper, Santa Clara University.
Sheng, C., Kiat, C., ANG, A., Rong, A., & Sim, B. (2019). Effects of dark trading on liquidity of Singapore equity market. Monetary Authority of Singapore Staff Paper No. 56.
Stoll, H. (1978). The pricing of security dealer services, An empirical study of NASDAQ stocks. Journal of Finance 33, 1133-1151.
Stoll, H. (1989). Inferring the components of the bid-ask spread, Theory and empirical tests. Journal of Finance, 44, 115-134.
Su, E., & Tokmakcioglu, K. (2020). A comparison of bid-ask spread proxies and determinants of bond bid-ask spread. Borsa Istanbul Review.
Tinic, S. (1972), The Economics of liquidity services. The Quarterly Journal of Economics, 86, 79-93.
Tinic, S. & West, R. (1974), Marketability of common stocks in Canada and the USA, A comparison of agent versus Dealer dominated markets, The Journal of Finance, 3, 729-746.
WHO (2020). Coronavirus (COVID-19). Available at, https,//who.sprinklr.com/ (accessed 31July 2020).
Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters 36, 20-28.
Zheng, X., & Zhang, Z. (2006). Commonality in liquidity in emerging markets, Evidence from the Chinese stock market. School of Economics, Finance and Business, University of Durham, Working Paper No. 06/04.
Zaremba, A., Aharon, D. Y., Demir, E., Kizys, R., & Zawadka, D. (2020). COVID-19, government policy responses, and stock market liquidity around the world, A note. Research in International Business and Finance, 56, 101-123.
Ahn, H., Cai, J., & Yang, C. (2018). Which liquidity proxy measures liquidity best in emerging markets? Economies, 6, 1-31.
Amihud, Y., & Mendelson, H. (1980). Dealership market, Market - Making with inventory. Journal of Financial Economics, 8, 31-53.
Attig, N., Gadhoum, Y., & Lang, L. (2003). Bid-Ask spread, asymmetric information and ultimate ownership. EFMA Helsinki.
Bagehot, W. (1971). The only game in town. Financial Analysts Journal, 22, 12-14.
Baig, A. S., Butt, H. A., Haroon, O., & Rizvi, S. A. R. (2020). Deaths, panic, lockdowns and US equity markets, The case of COVID-19 pandemic. Finance Research Letters, 101701.
Benston, G., & Hagerman, R. (1974). Determinants of bid-ask spreads in the over-the-counter market. Journal of Financial Economics, 1, 353-364.
Brennan, M., &Subrahmanyama, A. (1996). Market microstructure and asset pricing, On the compensation for illiquidity in stock returns. Journal of Financial Economics, 41, 441-464.
Chai, D., Faff, R., & Gharghori, P. (2012). New Evidence on the relation between stock liquidity and measures of trading activity. International Review of Financial Analysis, 19, 181-192.
Chen, M.H., Jang, S.S., & Kim, W.G. (2007). The impact of the SARS outbreak on Taiwanese hotelstock performance, an event-study approach. International Journal of Hospitality Management, 26, 200-212.
Chung, D., & Hrazdil, K. (2010). Liquidity and market efficiency: A large sample study. Journal of Banking & Finance, 34(10), 2346-2357.
Demsetz, H. (1968), The cost of transacting, The Quarterly Journal of Economics, 82,33-53.
Ding, M., Nilsson, B., & Suardi, S. (2013). Foreign institutional investors and stock market liquidity in China, State ownership, trading activity and information Asymmetry. Working Paper No. 14, The Knut Wicksell Centre for Financial Studies, Lund University.
Eleftheriou, K., & Patsoulis, P. (2020). COVID-19 lockdown intensity and stock market returns, A spatial econometrics approach.
Frino, A., Gerace, D., & Lepone, A. (2008). Liquidity in auction and specialist market structures, Evidence from the Italian bourse. Journal of Banking and Finance, 32, 2581-2588.
Gagnon, M., & Gimet, C. (2013). The impacts of standard monetary and budgetary policies on liquidity and financial markets, International evidence from the credit freeze crisis. Journal of Banking and Finance, 37, 4599-4614.
Glosten, L., & Harris, L. (1988). Estimating the components of the bid-ask spread. Journal of Financial Economics, 19, 123-142.
Greenwood, J., & Jovanovic, B. (1990). Financial Development, Growth, and the Distribution of Income. Journal of Political Economy, 98, 1076-1107.
Gormsen, N. J., & Koijen, R. S. (2020). Coronavirus, Impact on stock prices and growth expectations. The Review of Asset Pricing Studies, 10(4), 574-597.
Ho, T., & Stoll, H. (1981). Optimal dealer pricing under transactions and return uncertainty. Journal of Financial Economics, 9, 47-73.
Ichev, R., & Marinč, M. (2018). Stock prices and geographic proximity of information, Evidence from the Ebola outbreak. International Review of Financial Analysis, 56, 153-166.
Jacoby, G., & Zheng, S. (2018). Ownership dispersion and market liquidity. International Review of Financial Analysis, 19, 81-88.
Jiang, Y., Zhang, Y., Ma, C., Wang, Q., Xu, C., Donovan, C., & Sun, W. (2017). H7N9 not onlyendanger human health but also hit stock marketing. Advances in Disease Control and Prevention, 2, 1-7.
Kodres, L. (2020). Brakes or bans, protecting financial markets during a pandemic. Available at, https,//voxeu.org/article/brakes-or-bans-protecting-financial-markets-during-pandemic (accessed 27 July 2020).
Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. (2020). The COVID-19 outbreak andaffected countries stock markets response. International Journal of Environmental Researchand Public Health, 17, 101-125.
Madhavan, A., & Smidt, S. (1991). A bayesian model of intraday specialist pricing. Journal of Financial Economics, 30, 99-134.
Omet, G., Abu-Khalaf, B., & Yaseen, H. (2015). On the bid-ask spread in the Jordanian banking sector, What are the implications? Journal of Economics, Finance and Accounting 2, 220-229.
Omet, G., Yaseen, H., & Abdel-Halim, M. (2015). The minimum tick and stock market liquidity, The case of Dubai and the Abu Dhabi capital markets. International Journal of Business and Management, 10, 67-73.
Ross, L. (1991). Stock markets, growth, and tax policy. Journal of Finance, American Finance Association, 46, 1445-65.
Ross, L. (1996).Financial Dedvelopment and economic rowth, Views and Aagenda. Policy Research Working Paper No. 1678, The World Bank.
Sarin, A., Shastri, A., & Shastri, K. (1997). Ownership structure and stock market liquidity. Working Paper, Santa Clara University.
Sheng, C., Kiat, C., ANG, A., Rong, A., & Sim, B. (2019). Effects of dark trading on liquidity of Singapore equity market. Monetary Authority of Singapore Staff Paper No. 56.
Stoll, H. (1978). The pricing of security dealer services, An empirical study of NASDAQ stocks. Journal of Finance 33, 1133-1151.
Stoll, H. (1989). Inferring the components of the bid-ask spread, Theory and empirical tests. Journal of Finance, 44, 115-134.
Su, E., & Tokmakcioglu, K. (2020). A comparison of bid-ask spread proxies and determinants of bond bid-ask spread. Borsa Istanbul Review.
Tinic, S. (1972), The Economics of liquidity services. The Quarterly Journal of Economics, 86, 79-93.
Tinic, S. & West, R. (1974), Marketability of common stocks in Canada and the USA, A comparison of agent versus Dealer dominated markets, The Journal of Finance, 3, 729-746.
WHO (2020). Coronavirus (COVID-19). Available at, https,//who.sprinklr.com/ (accessed 31July 2020).
Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters 36, 20-28.
Zheng, X., & Zhang, Z. (2006). Commonality in liquidity in emerging markets, Evidence from the Chinese stock market. School of Economics, Finance and Business, University of Durham, Working Paper No. 06/04.
Zaremba, A., Aharon, D. Y., Demir, E., Kizys, R., & Zawadka, D. (2020). COVID-19, government policy responses, and stock market liquidity around the world, A note. Research in International Business and Finance, 56, 101-123.