Sentences with phrase «relative illiquidity»

These risks include: smaller market capitalization of securities markets, which may suffer periods of relative illiquidity; significant price volatility; restrictions on foreign investment; possible repatriation of investment income and capital.

To cite an example, the market for commercial real estate (CRE) is generally recognized as being highly inefficient, due to its relative illiquidity, unpredictable pricing, high transaction costs, geographical segmentation, and informational opacity.

By contrast, we contend that private market inefficiencies — and corresponding return premia — are driven by their relative illiquidity, unpredictable pricing, opacity, high transaction costs, and limited numbers of prospective buyers and sellers.