Predictive and Contemporaneous Power of the Determinants of Stock Liquidity [PDF]
This study constructs nine (five) idiosyncratic (systematic) variables to test the predictive and contemporaneous power of the determinants of stock liquidity. We select A shares from January 2003 to September 2021 to study stock liquidity in the Chinese
Linyin Xie +3 more
doaj +2 more sources
Does financial transparency substitute corporate governance to improve stock liquidity? Evidence from emerging market of Pakistan [PDF]
The aim of this study is to empirically analyze the impact of corporate governance on stock liquidity and the moderating role of financial transparency, through the lens of information asymmetry and agency theory.
Shuaib Ali +4 more
doaj +2 more sources
Air pollution, investor sentiment and stock liquidity [PDF]
With the aggravation of air pollution, the impact of air pollution on the stock market, especially from the perspective of investor sentiment, has been of great concern and widely discussed. Based on data from China's A-share listed firms from January 1,
Chenggang Li +9 more
doaj +2 more sources
Stock liquidity and the accrual anomaly
This study examines the effect of stock liquidity on the magnitude of the accrual anomaly. This paper examines the relation—both time-series and cross-sectional—between stock liquidity and the magnitude of the accrual anomaly and use the 2001 minimum ...
Zhuo (June) Cheng, Jing (Bob) Fang
doaj +2 more sources
Stock liquidity and default risk [PDF]
Abstract This paper examines the impact of stock liquidity on firm bankruptcy risk. Using the Securities and Exchange Commission decimalization regulation as a shock to stock liquidity, we establish that enhanced liquidity decreases default risk. Stocks with the highest default risk experience the largest improvements.
Jonathan Brogaard, Ying Xia
exaly +4 more sources
Does institutional quality moderate the relationship between corporate governance and stock liquidity? Evidence from the emerging market of Pakistan [PDF]
The main aim of this study was to empirically analyze whether Institutional Quality moderates the relationship between corporate governance and stock liquidity through the light of agency and information asymmetry theory.
Shuaib Ali +4 more
doaj +2 more sources
STOCK SPLIT DAN LIKUIDITAS SAHAM DI BEI: PENGUJIAN MENGGUNAKAN HIPOTESIS LIKUIDITAS [PDF]
This study aims to re-examine the effectiveness of liquidity hypothesis in stock split. Liquidity hypothesis in stock split is defined as the returning stock price to the optimal trading level.
Ignatius Roni Setyawan
doaj +6 more sources
The Relation between Asset Liquidity and Stock Liquidity in Tehran Stock Exchange [PDF]
This study investigates the relation between assets liquidity and stock liquidity in Tehran stock Exchange for the period of 2008 to 2011. This study uses liquidity criteria provided by AMIHUD and corrected by Gopalan for its high skewness, as well s ...
Ahmad Ahmadpour, Mohsen Baghban
doaj +2 more sources
Stock liquidity and stock price crash risk: Evidence from Vietnam
This research examines whether stock liquidity affects the crash risk of stock price for companies listed on the Vietnamese stock market. Using a comprehensive dataset encompassing all stocks listed on the Ho Chi Minh Stock Exchange (HOSE) and the Hanoi ...
Ngoc Bao Dinh, Hy Nguyen Song Tran
doaj +1 more source
Financial constraints, stock liquidity, and stock returns [PDF]
Abstract This paper examines stock liquidity in explaining the mixed relations between financial constraints and stock returns and the pricing of stock liquidity across financially constrained and unconstrained firms. We find a negative relation in liquid portfolios and a positive relation in illiquid portfolios.
Li, Xiafei, Luo, Di
openaire +2 more sources

