The Effect of Board Meetings on Bid-Ask Spread for Firms with Concentrated Insider Ownership

Insider ownership, bid–ask spread, and stock splits: Evidence from the Stock Exchange of Thailand

International Review of Financial Analysis ◽

10.1016/j.irfa.2005.09.004 ◽

2006 ◽

Vol 15 (4-5) ◽

pp. 450-461 ◽

Cited By ~ 10

Author(s):

Maneeporn Gorkittisunthorn ◽

Seksak Jumreornvong ◽

Piman Limpaphayom

Keyword(s):

Stock Exchange ◽

Stock Splits ◽

Insider Ownership ◽

Bid Ask Spread ◽

Stock Exchange Of Thailand

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Ownership structure and bid-ask spread: evidence from Tunisian companies

Corporate Ownership and Control ◽

10.22495/cocv5i3c4p4 ◽

2008 ◽

Vol 5 (3) ◽

pp. 445-451

Author(s):

Nadia Belkhir Boujelbéne ◽

Abdelfettah Bouri

Keyword(s):

Ownership Structure ◽

Institutional Ownership ◽

Market Liquidity ◽

Ownership Concentration ◽

Stock Liquidity ◽

Insider Ownership ◽

Bid Ask Spread ◽

The Relationship

The majority of previous studies are limited to study the aspects of the ownership structure within the framework of government of company without wondering about the incidence of this mechanism on the stock liquidity. The objective of this paper is to examine the relationship between ownership structure and market liquidity. From a sample of Tunisian firms listed in the period from 2001 to 2005. We showed that ownership concentration by blockholders is positively related to spread. A positive but generally insignificant relation is found between spreads and insider ownership. However, institutional ownership does not add any explicative power to the liquidity

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Uji Komparasi Abnormal Return, Trading Volume, Trading Frequency, Dan Bid-Ask Spread Sebelum Dan Sesudah Share Split

Jurnal ULTIMA Accounting ◽

10.31937/akuntansi.v8i2.580 ◽

2016 ◽

Vol 8 (2) ◽

pp. 24-45

Author(s):

Tania Hayu Safira ◽

Febryanti Simon

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Stock Exchange ◽

Distributed Data ◽

Trading Frequency ◽

Bid Ask Spread ◽

Analysis Technique ◽

Before And After ◽

Test Of Hypothesis ◽

Kolmogorov Smirnov

This study is event study that was conduct to examine the differences of abnormal return, trading volume, trading frequency and bid-ask spread before and after the events of share split. The object of this research is the companies that did share split and listed in Indonesia Stock Exchange in 2008 - 2015. The samples are 30 companies chosen by purposive sampling method. The criteria are the company did not do corporate action right issue, pre-emptive rights, a share dividend and bonus shares in the same year with share split. Event window used in this study was 30 days consisting of 15 days before and 15 days after the share split. Data analysis technique begins with a test of normality using Kolmogorov – Smirnov and transform for unnormally distributed data. Then, test of hypothesis using Paired t – test to compare the differences before and after share split. The results of this study showed that volume trading activity and trading frequency had significant differences before and after the share split. While, variable abnormal return and bid-ask spread had not significant differences before and after the share split. Keywords: Abnormal return, bid-ask spread, share split, trading frequency, trading volume.

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