We examine the relation between market liquidity and ownership concentration and the effect of different types of … blockholders on stock market liquidity in Germany. For the overall sample high ownership concentration is negatively related to … market liquidity as measured by an order-size-dependent volume-weighted spread measure, which is called Xetra liquidity …

This study examines the relation between asset liquidity and stock liquidity across 47 countries. In support of the … valuation uncertainty hypothesis, we find that firms with greater asset liquidity on average have higher stock liquidity. More … importantly, our study shows that asset liquidity plays a more significant role in resolving valuation uncertainty in countries …

document higher direct flotation costs, but also improved stock market liquidity after public offerings and standby rights … relative to uninsured rights. We find that blockholder renouncements to subscribe to new shares and stock market liquidity are … that public offerings are cost effective and more liquidity improving than standby rights whereas an uninsured rights …

The paper shows that issuing activity does not result in superior liquidity. Even the kinds of new issues that are … existing liquidity-based explanations of the new issues puzzle. The paper also shows that the low-minus-high turnover factor …

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. Financially constrained firms have higher liquidity risk …

although foreign investors increase adverse selection risks for liquidity providers, they bring net benefit to the market in …

although foreign investors increase adverse selection risks for liquidity providers, they bring net benefit to the market in …