Local Ownership as Private Information: Evidence on the Monitoring-Liquidity Trade-Off

By José-Miguel Gaspar, Massimo Massa. 2007

174 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/b64c618bb2202a300b63dd99204a5c8cb371f74f

How researchers see this paper

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In Accounting

1. Jun-Koo Kang
2. Bok Baik
3. Jin-Mo Kim
4. Kee‐Hong Bae
5. Randall K. Morck
6. G. He
7. C.A.M.F. Claessens
8. Yupana Wiwattanakantang

In Finance

1. Bok Baik
2. Jun-Koo Kang
3. Jin-Mo Kim

Citations in the corpus

• Local institutional investors, information asymmetries, and equity returns (2010, methodology): “In a related study, Gaspar and Massa (2007) investigate the relations among informed local shareholders, corporate governance, and stock liquidity.”
• Hometown advantage: The effects of monitoring institution location on financial reporting discretion (2011, unknown): “Gov is the governance index, defined as (24-Gindex)/24, where Gindex is the Gompers et al. (2003) governance index as of the end of year t per RiskMetrics.”