Stock liquidity and activist blockholders: friend or foe?

• Main Authors: Chia, Yee Ee, Chia, Ricky Chee Jiun, Jude Woryanta Taunson
• Format: Article
• Language: English
• Published: Taylor & Francis 2021
• Subjects: HG1-9999 Finance
• Online Access: https://eprints.ums.edu.my/id/eprint/33455/1/Stock%20liquidity%20and%20activist%20blockholders_%20friend%20or%20foe%20_ABSTRACT.pdf; https://eprints.ums.edu.my/id/eprint/33455/; https://www.tandfonline.com/doi/abs/10.1080/13504851.2021.2017398?journalCode=rael20; https://doi.org/10.1080/13504851.2021.2017398
• Institution: Universiti Malaysia Sabah

This paper investigates the effect of stock liquidity on blockholders for Malaysian public listed companies over a 19-year period from 2000 to 2018. Using five liquidity proxies, our results show a negative relationship between liquidity and blockholders. The negative effect of liquidity on blockhol...