| dc.description.abstract | Since the publication of Baker et al.(2016)'s EPU index, economic policy uncertainty
has been a hot topic. For the period 1999 to 2018, this study examines the association
between economic policy uncertainty and stock liquidity in South Korea. The conclusion
that economic policy uncertainty reduces stock liquidity is consistent with previous
research for nations such as the United States, India, and the G7. Cash-flow risk and
return volatility are influenced by policy uncertainty. Our research demonstrates the
relevance of policy uncertainty on secondary market liquidity in general. | en_US |
