In this article, we examine whether internal governance, the process through which subordinate managers effectively … monitor the chief executive officer (CEO), can improve a firm's liquidity. Using the difference in horizons between a CEO and … information asymmetry and higher liquidity. Further, we show that internal governance is effective in enhancing liquidity for …

corporate governance structure influence stock market liquidity depends on countries' legal systems, using data from 10 emerging …) enhances the level of investors participation and hence stock market liquidity. The second section seeks to explore the value … evidence that as compared to common law countries, costs of liquidity are larger for companies in countries with civil law …