work examines how exchange demutualization affects stock liquidity and how the effect varies by country development level … and exchange operating performance. We document the positive effect of exchange demutualization on stock liquidity, while … gains in trading activity as measured by turnover are concentrated among exchanges across developed countries. The liquidity …

particular, it examines how stock exchange demutualization affects stock liquidity and how the effect varies by exchange … operating performance and country-development level. We find that stock liquidity improves following exchange demutualization …

We study the effect of block shareholding on stock liquidity using panel models for 128 stocks from the period 2011 to … significant negative effect on liquidity. Ownership structure models indicate that block shareholding by Government has a negative … effect on liquidity. However, we do not find any statistically significant effects due to block shareholding by individuals …

This study is conducted to shed more lights on the relationship between volatility and liquidity in the Indonesia Stock … volatility, measured by realized volatility, and liquidity, measured by high-low spread estimator. We found inconsistent … relationship between liquidity and volatility in the IDX. Further, we also found that the liquidity is important in the asset …

Using trade-level data from the Taiwan Stock Exchange, we document an asymmetric pattern of liquidity provision by … individual investors who serve as de facto market makers. Specifically, individual investors, on average, provide more liquidity … during market downturns. We further investigate the impact of asymmetric individual liquidity provision on market efficiency …

show that the larger tick size raised the cost for retail-sized liquidity demanding orders by almost fifty percent, and … raised profits to liquidity providers by forty percent. The bulk of the effects occurred for tick-constrained stocks for …

) three factor model holds for the Indonesian Stock Exchange and more robust than CAPM in non-financial stock, in portfolio …