We examine how ownership concentration and the separation of ownership and control affect market liquidity in France …. We find that firms with a large insider blockholder exhibit significantly lower liquidity. Different methods of … concentrating control affect liquidity in different ways. Pyramid structures negatively affect liquidity for all pyramiding firms …

We examine how ownership concentration and the separation of ownership and control affect secondary-market liquidity in … France. We find that firms with a large insider blockholder exhibit significantly lower liquidity. However, different methods … of enhancing control affect liquidity in different ways. Pyramid structures impair market liquidity. Double voting right …

set of controlling shareholders' ownership stakes in Chile between 1990 and 2009. When a firm issues shares, the … controlling shareholder can either maintain or change his ownership stake depending on how many of the new shares he subscribes …

categories of firm. Some of the changes in returns reflect changes in liquidity, while the remainder reflect adjustments to the …

hold sizeable toeholds in target shares. On one side, via liquidity transferring, acquirers can effectively transfer their … thinner liquidity discount on the valuation of their toeholds in fully acquired target assets. On the other, their long …-run stock liquidity can improve following the removal of their targets from the exchange. Using a sample of US delisted targets …

We document the negative effect of stock liquidity on default risk for a sample of 46 countries. We further find that … shock that increases liquidity. The effect of liquidity on default risk is more pronounced in countries with poorer investor … impact of stock liquidity on default risk in international markets …

market, the negative effect of the divergence on liquidity is worsened by state ownership and poorer shareholder protection …This paper examines how institutional characteristics of emerging economies influence the effect of control-ownership … divergence on market liquidity. We find that the divergence is negatively associated with liquidity, and that this negative …