Purpose – The aim of this paper is to empirically analyze the source of commonality in liquidity change in China's stock market. Design/methodology/approach – This paper used two-step test method in Coughenour and Saad and empirically tested the relationship between institutional investors'...

Purpose – The aim of this paper is to empirically analyze the source of commonality in liquidity change in China's stock market. Design/methodology/approach – This paper used two‐step test method in Coughenour and Saad and empirically tested the relationship between institutional...

In this paper, we examine the causal relationship between aid inflows and economic growth for Ghana during the period from 1970 - 2013, taking into account structural breaks. To better reflect causality, corruption and trade are included as control variables. To test for causality in the face of...