Norli, Øyvind; Ostergaard, Charlotte; Schindele, Ibolya - 2009
documents that stock liquidity improves shareholders’ incentive to monitor manage-
ment. Using a hand-collected sample of … performance and liquidity. We also document that target shareholders earn
positive abnormal returns on the announcement date of …
and improving corporate governance. In this paper we examine empirically how stock liquidity
influences shareholders …