Artikel
Analysts and stock liquidity: Global evidence
This paper investigates the relation between analyst coverage and stock liquidity with a focus on the role of information produced by financial analysts. Using a comprehensive dataset across 41 countries for the period 2000-2010, we document two novel findings. First, analyst coverage is positively correlated with stock liquidity. Second, the positive effect of analyst following on stock liquidity is attributed to the weak institutional environment. These findings suggest that financial analysts provide more public information to market participants and thus improve stock liquidity. This effect is attenuated in a country with a stronger institutional environment.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 7 ; Year: 2019 ; Issue: 1 ; Pages: 1-27 ; Abingdon: Taylor & Francis
- Klassifikation
-
Wirtschaft
- Thema
-
Analyst coverage
stock liquidity
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dang Tùng Lâm
Nguyen Trang Phuong Doan
Thi Minh Hue Nguyen
Thanh Thao Tran
Xuan Vinh Vo
- Ereignis
-
Veröffentlichung
- (wer)
-
Taylor & Francis
- (wo)
-
Abingdon
- (wann)
-
2019
- DOI
-
doi:10.1080/23322039.2019.1625480
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Dang Tùng Lâm
- Nguyen Trang Phuong Doan
- Thi Minh Hue Nguyen
- Thanh Thao Tran
- Xuan Vinh Vo
- Taylor & Francis
Entstanden
- 2019
Ähnliche Objekte (12)
Stock liquidity and stock price crash risk: Evidence from Vietnam
Stock liquidity and capital structure: International evidence
Can liquidity explain dividends?
Funding liquidity and bank lending
Liquidity-adjusted CAPM: An empirical analysis on Indian stock market
HIV and AIDS: putting women on the global agenda
Stock market and its liquidity: Evidence from ARDL bound testing approach in the Indian context
Predictable returns in an emerging stock market: Evidence from Qatar
The efficiency of banks and stock performance: Evidence from Saudi Arabia
Foreign equity flows and stock market liquidity in Kenya
Stock return predictability and market integration: The role of global and local information
Corporate sustainability performance and profitability: The moderating role of liquidity and stock price volatility - evidence from Jordan
Stock liquidity and stock price crash risk: Evidence from Vietnam
Stock liquidity and capital structure: International evidence
Can liquidity explain dividends?
Funding liquidity and bank lending
Liquidity-adjusted CAPM: An empirical analysis on Indian stock market
HIV and AIDS: putting women on the global agenda
Stock market and its liquidity: Evidence from ARDL bound testing approach in the Indian context
Predictable returns in an emerging stock market: Evidence from Qatar
The efficiency of banks and stock performance: Evidence from Saudi Arabia
Foreign equity flows and stock market liquidity in Kenya
Stock return predictability and market integration: The role of global and local information
Corporate sustainability performance and profitability: The moderating role of liquidity and stock price volatility - evidence from Jordan
Stock liquidity and stock price crash risk: Evidence from Vietnam
Stock liquidity and capital structure: International evidence
Can liquidity explain dividends?
Funding liquidity and bank lending
Liquidity-adjusted CAPM: An empirical analysis on Indian stock market
HIV and AIDS: putting women on the global agenda
Stock market and its liquidity: Evidence from ARDL bound testing approach in the Indian context
Predictable returns in an emerging stock market: Evidence from Qatar
The efficiency of banks and stock performance: Evidence from Saudi Arabia
Foreign equity flows and stock market liquidity in Kenya
Stock return predictability and market integration: The role of global and local information