The Effect of Liquidity on Governance

By Alex Edmans, Vivian W. Fang, Emanuel Zur. 2011

445 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/50ca57b8ee3a202deca9c72f286dc1fcd32d409a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Finance

Citations in the corpus

Corporate Governance and Blockchains (2017, unknown): “Edmans, Fang, and Zur (2013) is one of many papers showing the benefits of greater liquidity to large outside stockholders who seek to involve themselves a firm’s management.”
Liquidity and Shareholder Activism (2015, methodology): “…events.7 The data we collect differ from the recent studies of hedge fund activism by Brav, Jiang, Partnoy, and Thomas (2008), Klein and Zur (2009), and Edmans, Fang, and Zur (2013), as the activists in our sample are not limited to hedge funds and our events are not collected from 13D filings.”
Stock Liquidity and Stock Price Crash Risk (2016, methodology): “Additional analysis reveals that the increase in crash risk is more pronounced for low-priced stocks, the liquidity of which is more affected by decimalization (Edmans, Fang, and Zur (2013)).”
What Are the Best Liquidity Proxies for Global Research (2017, methodology): “Researchers have already used the FHT measure in recent studies, including Bundgaard and Ahm (2012), Marshall, Nguyen, and Visaltanachoti (2012, 2013), Edmans, Fang, and Zur (2013), Karnaukh, Renaldo, and Soderlind (2015), and Schestag, Schuster, and Uhrig-Homburg (2016).”
Do Index Funds Monitor? (2021, unknown): “The coefficient on the InverseMillsRatio is negative and statistically significant, which is consistent with significant selection bias in studies of fund exit behavior (Coffee (1991), Bhide (1993), and Edmans, Fang, and Zur (2013) discuss the implications of liquidity for governance).”