The Effect of Ownership Composition on Stock's Liquidity: Evidence from Weak Corporate Governance Setting

Majd ISKANDRANİ; Asma&#039;a AL-AMAREH

Makale detayları

The Effect of Ownership Composition on Stock's Liquidity: Evidence from Weak Corporate Governance Setting

Yazarlar:

Majd ISKANDRANİ | Asma'a AL-AMAREH

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 3, pp.676-683

Belge Tipi:

Makale

Yayın Tarihi:

8/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000811735

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

This research seeks to investigate the relationship between ownership composition and stock's liquidity in Jordan’s unique corporate setting. A multivariate regression was used to investigate the effect of ownership composition on stock's liquidity for listed Jordanian firms during the period 2006-2014. The research finds that stock's liquidity is higher for listed firms that are owned by government and foreign investors. Nevertheless, the complex pyramidal ownership structure could make corporate information less transparent and then increase the complexity of forecasting; hence, it results in less stock's liquidity. Interestingly, the association between free float ownership and stock's liquidity appears to be positive. The study investigates the effect of ownership structure mechanisms on the stock's liquidity in an emerging market, and the findings provide some insight on how the stock's liquidity might be affected by certain ownership and control features in the context of concentrated government ownership and complex pyramidal ownership structure.

Makale detayları

The Effect of Ownership Composition on Stock's Liquidity: Evidence from Weak Corporate Governance Setting

Yazarlar: Majd ISKANDRANİ | Asma&#039;a AL-AMAREH

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 3, pp.676-683

Belge Tipi: Makale

Yayın Tarihi: 8/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000811735

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Majd ISKANDRANİ | Asma'a AL-AMAREH

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 3, pp.676-683

Belge Tipi:

Makale

Yayın Tarihi:

8/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000811735

Sıklık:

İki Aylık

eISSN:

2146-4138