1 장하성, "한국증권시장에서의 스프레드에 관한 연구: 결정요인과 하루 중의 행태에 관한 실증분석" (11) : 21-63, 1996
2 엄경식, "한국주식시장의 유동성 증대를 위한 효율적 매매메커니즘에 관한 연구" 한국증권연구원 2005
3 선정훈, "한국주식시장의 유동성 동행화" 한국증권연구원 04 (04): 2004
4 박종호, "한국주식시장에서 투명성과 질적 수준과의 관계 : 호가공개범위 확대를 중심으로" 2004
5 최혁, "지정가주문형 시장에서의 유동성분석: 한국증권거래소의 경우" 2 : 29-46, 1996
6 "Why do security prices change? A transaction-level analysis of NYSE stocks" 10 : 1035-1064, 1997
7 "Time and the process of security price adjustment" 577-607, 1992
8 "The summary informativeness of stock trades Review of Financial Studies 4" 571-595, 1991
9 "The capital asset pricing model and the liquidity effect: A theoretical approach" 3 : 69-81, 2000
10 "The Asian financial crisis: the role of derivative securities trading and foreign investors in Korea" 2004
1 장하성, "한국증권시장에서의 스프레드에 관한 연구: 결정요인과 하루 중의 행태에 관한 실증분석" (11) : 21-63, 1996
2 엄경식, "한국주식시장의 유동성 증대를 위한 효율적 매매메커니즘에 관한 연구" 한국증권연구원 2005
3 선정훈, "한국주식시장의 유동성 동행화" 한국증권연구원 04 (04): 2004
4 박종호, "한국주식시장에서 투명성과 질적 수준과의 관계 : 호가공개범위 확대를 중심으로" 2004
5 최혁, "지정가주문형 시장에서의 유동성분석: 한국증권거래소의 경우" 2 : 29-46, 1996
6 "Why do security prices change? A transaction-level analysis of NYSE stocks" 10 : 1035-1064, 1997
7 "Time and the process of security price adjustment" 577-607, 1992
8 "The summary informativeness of stock trades Review of Financial Studies 4" 571-595, 1991
9 "The capital asset pricing model and the liquidity effect: A theoretical approach" 3 : 69-81, 2000
10 "The Asian financial crisis: the role of derivative securities trading and foreign investors in Korea" 2004
11 "Systemic liquidity" 24 : 161-178, 2001
12 "Presidential address: Liquidity and price discovery" 58 : 1335-1354, 2003
13 "On the excess returns to illiquidity" Graduate School of Business University of Chicago. 2004
14 "Market microstructure and asset pricing: On the compensation for illiquidity in stock returns" 49 : 345-374, 1996
15 "Market liquidity and trading activity" 56 : 501-530, 2001
16 "Liquidity risk and expected stock return" 111 : 642-685, 2003
17 "Friction" 55 : 1479-1514, 2000
18 "Foreign portfolio investors before and during a crisis" 56 : 77-96, 2002
19 "Commonality in liquidity: Evidence from an order-driven market structure" 25 : 521-539, 2002
20 "Commonality in liquidity" 56 : 3-28, 2000
21 "Common market makers and commonality in liquidity" 73 : 37-69, 2004
22 "Common factors in prices, order flows, and liquidity" 59 : 383-411, 2001
23 Acharya, V.V, "Asset pricing with liquidity risk" London Business School. 2003
24 "Asset pricing in illiquid markets Anderson School of Management University of California at Los Angeles."
25 "An analysis of intraday patterns in bid/ask spreads for NYSE stocks" 753-764, 1992
26 "A theory of intraday trading patterns Review of Financial Studies 1" 3-40, 1988