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State ownership and stock liquidity: Evidence from privatization

We provide unique firm-level evidence of the relation between state ownership and stock liquidity. Using a broad sample of newly privatized firms (NPFs) from 53 countries over the period 1994–2014, our study identifies a non-monotonic association between state ownership and stock liquidity. The inve...

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Detalles Bibliográficos
Autores principales: Boubakri, Narjess, Chen, Ruiyuan (Ryan), El Ghoul, Sadok, Guedhami, Omrane, Nash, Robert
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7581425/
http://dx.doi.org/10.1016/j.jcorpfin.2020.101763