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Paper millionaires: how valuable is stock to a stockholder who is restricted from selling it?

Journal of Financial Economics, 67(3): 385--410, 2003.
Authors: Matthias Kahl and Jun Liu and Francis A. Longstaff
URL: http://www.sciencedirect.com/science/article/B6VBX-47MKRDV-1/1/dd8baf335b9d2c946ef57cbdfe9b8563
Tags: Restricted stock
| URL | BibTeX  
@article{Kahl2003,
title = {Paper millionaires: how valuable is stock to a stockholder who is restricted from selling it?},
author = {Matthias Kahl and Jun Liu and Francis A. Longstaff},
journal = {Journal of Financial Economics},
month = {Mar},
number = {3},
pages = {385--410},
url = {http://www.sciencedirect.com/science/article/B6VBX-47MKRDV-1/1/dd8baf335b9d2c946ef57cbdfe9b8563},
volume = {67},
year = {2003},
keywords = {Restricted stock }
}