Lim, Kian-Ping; Liu, Wei; Chia, Yee-Ee - In: Borsa Istanbul Review 23 (2023) 2, pp. 334-349
We assemble data of non-financial stocks on the Shenzhen small and medium-sized enterprise (SME) board over the 2005-2019 sample period to explore the liquidity drivers of listed SMEs. With the complete dominance of retail investors, two competing hypotheses are derived from familiarity. The...