. Findings Results revealed that liquidity may be considered the most important form of financial flexibility for firms in … transitioning economies, due to constrained capital markets. Blockholder firms also focus on liquidity out of a concern for … recovering their substantial investment. This study suggested that in addition to an emphasis on liquidity, blockholder owners …

controlling shareholders may improve family firms’ corporate and stock liquidity, compared to non-family firms. Design … firms are more conservative by hoarding more corporate liquid assets (as measured by accounting balance sheet liquidity … exhibit higher level of stock liquidity and lower liquidity risk as measured by effective bid–ask spread than non-family firms …

Greek listed firms exercise on the relation between investment and liquidity constraints. Design …

opportunity afforded by Japan's introduction of a dual system of corporate governance in 2003, when companies were offered a …

Purpose – Japan is well known for having a strong stakeholder environment. However, a more than ten‐year recession and … support for a within‐company success orientation (stakeholder view) in Japan, there are a growing number of employees who … prefer a personal career success orientation (shareholder view) in Japan. Research limitations / implications – Since this is …