More shareholders, higher liquidity? Evidence from an emerging stock market
Using data assembled from all non-financial firms traded on the Malaysian stock exchange, we provide evidence of a nonlinear relationship between the number of shareholders and liquidity. While more shareholders are associated with higher liquidity, the negative effect of wider spreads kicks in when...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en en |
| Published: |
2020
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| Subjects: | |
| Online Access: | https://eprints.ums.edu.my/id/eprint/26671/1/More%20shareholders%2C%20higher%20liquidity.pdf https://eprints.ums.edu.my/id/eprint/26671/13/More%20shareholders%2C%20higher%20liquidity2.pdf https://eprints.ums.edu.my/id/eprint/26671/ https://doi.org/10.1016/j.ememar.2020.100696 |
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