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This paper examines the impact of stock splits on liquidity in the Chinese stock market. Liquidity can be generally … costs and liquidity improvement. Using a GAM model, we find that stock splits positively affect stock liquidity between 1996 …
Persistent link: https://www.econbiz.de/10012930520
We study the association between the stock liquidity of SMEs in the US and their likelihood of bankruptcy, using a … substantial heterogeneity across industries regarding the predictive power of the liquidity measure on the likelihood of … performance tests conclude that adding a liquidity measure variable to the Campbell et al. (2008) model improves its predictive …
Persistent link: https://www.econbiz.de/10012930056
liquidity. Our analysis of a panel of firm-level ownership data indicates that Japanese stocks that are held more by foreign …
Persistent link: https://www.econbiz.de/10013065675
This paper investigates the effect of investor protection on the value impact of stock liquidity. Using a sample of … the value impact of stock liquidity. This association is robust to various endogeneity tests including a difference … increases the value impact of liquidity by reducing managerial entrenchment, encouraging informed trading, and enhancing pay …
Persistent link: https://www.econbiz.de/10012935708
equilibrium liquidity provision from equity and bond dealers and non-monotonic stock-bond price comovement. We find supportive …
Persistent link: https://www.econbiz.de/10013313044
This study investigates the nexus of stock liquidity and trade-credit policies in China from 2002 to 2017. The … liquidity significantly impacts firms' capacity to produce more trade credit supplies and less reliant on trade credit demand … liquidity and trade credit strategies is substantial in state-owned enterprises. Additional analysis revealed that the said …
Persistent link: https://www.econbiz.de/10013258463
We examine the influence of investor conferences on firms' stock liquidity. We find that firms participating in … conferences experience a 1.4% to 2.8% increase in stock liquidity compared to non-conference firms. Consistent with investor … conferences improving firm visibility, the increase in liquidity is larger for firms with low pre-conference visibility and varies …
Persistent link: https://www.econbiz.de/10012857480
Persistent link: https://www.econbiz.de/10003900255
Persistent link: https://www.econbiz.de/10011376119
Liquidity commonality and the co-movements in trading costs related to such commonality have remarkable implications in … evidence regarding the inventory risks and asymmetric information in uencing individual securities’ liquidity. Thus, this study … aims at documenting the liquidity commonality and measuring its extent in the Indian stock market. Employing fourteen …
Persistent link: https://www.econbiz.de/10012193362