• DOI:10.1017/S0022109010000104
Corpus ID: 154110152

Corporate Governance and Liquidity

@inproceedings{Chung2008CorporateGA,
  title={Corporate Governance and Liquidity},
  author={K. Chung and J. Elder and Jang-Chul Kim},
  year={2008}
}

K. Chung, J. Elder, Jang-Chul Kim

Published 2008

Business

We investigate the empirical relation between corporate governance and stock market liquidity. We find that firms with better corporate governance have narrower spreads, higher market quality index, smaller price impact of trades, and lower probability of information-based trading. In addition, we show that changes in our liquidity measures are significantly related to changes in the governance index over time. These results suggest that firms may alleviate information-based trading and improve… CONTINUE READING

View on SSRN

doi.org

Save to Library

Create Alert

Cite

Launch Research Feed