PRCJProtestant Reformed Churches of Jamaica
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Compared to large firms, small firms also have much lower liquidity (PRCJ) and higher idiosyncratic volatility (IV) (median 10.505 vs.
In colums 3 and 4, we control for limits-to-arbitrage via price impact (PRCJ) and idiosyncratic volatility (IV), respectively.
In columns 3 and 4, we control for the price impact (PRCJ) and idiosyncratic risk (IV), respectively.