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The Effect of Stock Liquidity on Corporate Risk-Taking

Hsu, Charles - 2018

This study examines the effect of stock liquidity on corporate risk-taking behavior. We find that stock liquidity has a positive and significant effect on corporate risk-taking. We find consistent results when we use the Split Share Structure Reform (SSSR) in China as an exogenous shock to stock...

Persistent link: https://www.econbiz.de/10012912696