Cross-cultural studies in finance have often used country-wise data for cultural values. Our objective was to understand how individual differences in cultural values affect an investor's stock trading behavior in an emerging market. Based on the theory of planned behavior, we conceptualized a...

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...

Several proxy measures have been proposed in the literature to capture the multidimensional aspects of liquidity. Lower dimensional descriptions of the same can be obtained using factor analysis. The literature contains factor analyses of market-wide averaged liquidity measures and their changes...