Impact of ownership concentration, institutional ownership and earnings management on stock market liquidity-Reference-Cited by-同舟云学术

Impact of ownership concentration, institutional ownership and earnings management on stock market liquidity

Published:2020 Issue:2 Volume:17 Page:77-87
ISSN:1810-3057
Container-title:Corporate Ownership and Control
language:en
Short-container-title:COC

Author:

Hunjra Ahmed Imran¹^ORCID,Perveen Uzma¹,Li Leon²^ORCID,Chani Muhammad Irfan³^ORCID,Mehmood Rashid¹^ORCID

Affiliation:

1. PMAS-Arid Agriculture University Rawalpindi

2. The University of Waikato

3. COMSATS University Islamabad

Abstract

Ownership structure plays a vital role in stock market liquidity. We analyze the impact of ownership concentration, institutional ownership and earnings management on stock market liquidity. We select 114 firms from manufacturing sector of Pakistan, India, Australia and Singapore. We extract data from DataStream from 2010 to 2018 of selected countries. We apply Generalized Method of Moments (GMM) to analyze the data. We find that ownership concentration, institutional ownership and earnings management significantly affect the stock market liquidity.

Publisher

Virtus Interpress

Subject

General Business, Management and Accounting

Link

https://virtusinterpress.org/IMG/pdf/cocv17i2art7_.pdf

Reference71 articles.

1. Ajina, A., & Habib, A. (2017). Examining the relationship between earning management and market liquidity. Research in International Business and Finance, 42, 1164-1172. https://doi.org/ 10.1016/j.ribaf.2017.07.054

2. Ali, M. S., & Hashmi, S. H. (2018). Impact of institutional ownership on stock liquidity: Evidence from Karachi Stock Exchange, Pakistan. Global Business Review, 19(4), 939-951. https://doi.org/10.1177/0972150918772927

3. Al-Jaifi, H. (2017). Ownership concentration, earnings management and stock market liquidity: Evidence from Malaysia. Corporate Governance, 17(3), 490-510. https://doi.org/10.1108/CG-06-2016-0139

4. Almutairi, A. (2013). The impact of institutional ownership and corporate debt on audit quality. Journal of Economic and Administrative Sciences, 29(2), 134-152. https://doi.org/10.1108/JEAS-09-2013-0031

5. Al-Rassas, A. H., & Kamardin, H. (2016). Earnings quality and audit attributes in high concentrated ownership market. Corporate Governance, 16(2), 377-399. https://doi.org/10.1108/CG-08-2015-0110

Cited by 26 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. Tech for stronger financial market performance: the impact of AI on stock price crash risk in emerging market;International Journal of Emerging Markets;2024-06-03

2. Institutional Ownership and Stock Liquidity: Evidence From an Emerging Market;Sage Open;2024-01

3. Impact of ownership structure on stock liquidity in financial crisis;Journal of General Management;2023-12-06

4. A comparative study of the relationship between audit quality and earnings management in the markets of Iraq and Oman;Journal of Infrastructure, Policy and Development;2023-11-28

5. The effect of corporate governance, corporate social responsibility and information asymmetry on the value of Indonesian-listed firms;International Journal of Accounting & Information Management;2023-10-16