Corporate Governance, Legal System, and Stock Market Liquidity: Evidence Around the World

2012 ◽  
Vol 41 (6) ◽  
pp. 686-703 ◽  
Author(s):  
Kee H. Chung ◽  
Joon-Seok Kim ◽  
Kwangwoo Park ◽  
Taeyoon Sung
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Legal System ◽  
Market Liquidity ◽  
The World ◽  
Stock Market Liquidity

Corporate Governance and Stock Market Liquidity

2019 ◽  
Author(s):  
Erick Rading Outa ◽  
Nelson Maina Waweru ◽  
Peterson K Ozili
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Market Liquidity ◽  
Stock Market Liquidity

Corporate Governance and Liquidity

2010 ◽  
Vol 45 (2) ◽  
pp. 265-291 ◽  
Author(s):  
Kee H. Chung ◽  
John Elder ◽  
Jang-Chul Kim
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Alternative Model ◽  
Empirical Relation ◽  
Price Impact ◽  
Market Liquidity ◽  
Lower Probability ◽  
Market Quality ◽  
Stock Market Liquidity ◽  
Liquidity Measures

AbstractWe investigate the empirical relation between corporate governance and stock market liquidity. We find that firms with better corporate governance have narrower spreads, higher market quality index, smaller price impact of trades, and lower probability of information-based trading. In addition, we show that changes in our liquidity measures are significantly related to changes in the governance index over time. These results suggest that firms may alleviate information-based trading and improve stock market liquidity by adopting corporate governance standards that mitigate informational asymmetries. Our results are remarkably robust to alternative model specifications, across exchanges, and to different measures of liquidity.

scholarly journals The Role of Ownership Structure and Board Characteristics in Stock Market Liquidity

2021 ◽  
Vol 9 (4) ◽  
pp. 74
Author(s):  
Wajih Abbassi ◽  
Ahmed Imran Hunjra ◽  
Suha Mahmoud Alawi ◽  
Rashid Mehmood
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Ownership Structure ◽  
Positive Impact ◽  
Generalized Method Of Moments ◽  
Fixed Effect Model ◽  
Market Liquidity ◽  
Board Characteristics ◽  
Stock Market Liquidity ◽  
The Impact

Corporate governance plays a significant role in the value of shareholders and share prices, hence stock market liquidity is affected. Previous research has mainly focused on the issue in developed markets, whereas in developing countries there is a need to analyze the influence of corporate governance on stock market liquidity. Therefore, the present study aims to examine the impact of ownership structure and board characteristics on stock market liquidity of non-financial firms of South Asian countries such as Pakistan, Sri Lanka, Bangladesh, and India. The data in the study is collected from the DataStream for the 2011–2020 period. The study uses a fixed effect model for the analysis of the data and hypotheses testing and generalized method of moments (GMM) is used to check the robustness of the results. The findings of the study indicate that institutional ownership, board size, board independence, and CEO duality have a significant and positive impact on stock market liquidity, whereas managerial ownership has a significant and negative effect on stock market liquidity.

COVID-19, Government Policy Responses, and Stock Market Liquidity around the World

2020 ◽  
Author(s):  
Adam Zaremba ◽  
David Yechiam Aharon ◽  
Ender Demir ◽  
Renatas Kizys ◽  
Dariusz Zawadka
Keyword(s):  
Stock Market ◽  
Government Policy ◽  
Market Liquidity ◽  
Policy Responses ◽  
The World ◽  
Stock Market Liquidity

scholarly journals COVID-19, government policy responses, and stock market liquidity around the world: A note

2021 ◽  
Vol 56 ◽  
pp. 101359
Author(s):  
Adam Zaremba ◽  
David Y. Aharon ◽  
Ender Demir ◽  
Renatas Kizys ◽  
Dariusz Zawadka
Keyword(s):  
Stock Market ◽  
Government Policy ◽  
Market Liquidity ◽  
Policy Responses ◽  
The World ◽  
Stock Market Liquidity
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