Purpose: This study analyzes the relationship between governance and stock liquidity. It uses different variables of corporate board characteristics and test three proxies of a bid-ask spread. It also provides comprehensive and robust evidence for the association between the corporate board and...

Although stock splits and stock dividends seem to be a purely cosmetic event, there exists ample empirical evidence that these events are associated with abnormal trading volume on both the announcement and the execution dates. This paper investigates the trading volume reaction to these events...