assets liquidity is considered as a basic issue in investment. By considering the effect of liquidity in discovering the … ownership, as the most important criteria of corporate governance, on liquidity of stocks. To do so, a number of 69 companies … standards were defined for liquidity. We reached to evidences that show the number of outside members of board of directors has …

This paper examines the hypotheses that liquidity improves corporate governance, and better governance enhances … valuation of Russian firms. We find a positive causal relationship between measures of liquidity and corporate governance … important role of liquidity in improving corporate governance and valuation. …

We document the association between a firm's payout policy and its stock's liquidity. In particular, we show that … dividend-paying firms have a more liquid market for their stock and measures of a stock's liquidity is positively linked to its … probability of being a dividend payer. Furthermore, this link between dividends and liquidity is stronger when shareholders are …

This paper investigates the effects of very highly concentrated ownership structures on the liquidity of stock markets … shareholder expropriation hypothesis predicts an inverse relationship between liquidity and ownership concentration for the … liquidity, since they have incentives to reduce their costs of exit and/or to improve the information transfer of their value …

Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and … information concerns her own plans for taking an active role in governance. We show that an increase in the liquidity of the firm …'s stock increases the likelihood of the large investor ‘taking the Wall Street walk.’ Thus, higher liquidity is harmful for …

successful implementation of the (two fold) topics of discussion of this paper, namely, monitoring and liquidity risk …

. Findings Results revealed that liquidity may be considered the most important form of financial flexibility for firms in … transitioning economies, due to constrained capital markets. Blockholder firms also focus on liquidity out of a concern for … recovering their substantial investment. This study suggested that in addition to an emphasis on liquidity, blockholder owners …

controlling shareholders may improve family firms’ corporate and stock liquidity, compared to non-family firms. Design … firms are more conservative by hoarding more corporate liquid assets (as measured by accounting balance sheet liquidity … exhibit higher level of stock liquidity and lower liquidity risk as measured by effective bid–ask spread than non-family firms …

Greek listed firms exercise on the relation between investment and liquidity constraints. Design …