The Impact of Corporate Governance and Earnings Management on Stock Market Liquidity in a Highly Concentrated Ownership Capital Market

We provide insights to the effects of corporate governance mechanisms and earnings management on market liquidity (measured by bid–ask spreads [B_As] and trading volume) in a setting characterized by highly concentrated noninstitutional ownership. First, we document that high noninstitutional owners...

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Veröffentlicht in:	Journal of accounting, auditing & finance auditing & finance, 2013-07, Vol.28 (3), p.292-316
Hauptverfasser:	Bar-Yosef, Sasson, Prencipe, Annalisa
Format:	Artikel
Sprache:	eng
Schlagworte:	Corporate governance Earnings management Impact analysis Liquidity Securities trading volume Spread Studies
Online-Zugang:	Volltext
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