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We study the effect of block shareholding on stock liquidity using panel models for 128 stocks from the period 2011 to 2014. After controlling for the size of the firm, ownership concentration is found to have a small statistically significant negative effect on liquidity. Ownership structure...
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The US securities market offer companies one of the richest sources of capital in the world as a result of their size, credibility and pool of enthusiastic investors. However, taking a company through a public offering on the US securities market is a major undertaking and presents complex...
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