DO INSTITUTIONAL INVESTORS AFFECT STOCK MARKET LIQUIDITY THE MODERATING ROLE OF FIRM SIZE IN FUEL AND ENERGY SECTOR OF PAKISTAN

http://dx.doi.org/10.31703/gmsr.2020(V-II).01      10.31703/gmsr.2020(V-II).01      Published : Jun 2020
Authored by : Muhammad Arif

01 Pages : 1-8

References

  • Aggarwal, R., Erel, I., Ferreira, M., & Matos, P. (2011). Does governance travel around the world? Evidence from institutional investors. Journal of Financial Economics, 100(1), 154-181.
  • Ajina, A., Lakhal, F., & Sougné, D. (2015). Institutional investors, information asymmetry and stock market liquidity in France. International Journal of Managerial Finance, 11(1), 44-59.
  • Amihud, Y. (2002). Illiquidity and stock returns: cross-section and time-series effects. Journal of financial markets, 5(1), 31-56.
  • Amihud, Y., & Mendelson, H. (1980). Dealership market: Market-making with inventory. Journal of Financial Economics, 8(1), 31-53.
  • Amihud, Y., & Mendelson, H. (1986). Asset pricing and the bid-ask spread. Journal of financial Economics, 17(2), 223-249.
  • Attig, N., Fong, W., & Gadhoum, Y. (2006). Effects of large shareholding on information asymmetry and stock liquidity. Journal of Banking & Finance, 30, 2875-2892.
  • Barbosa, L., Lacerda, A., Ribeiro, N. (2007).
  • Campello, M., 2006. Debt financing: Does it boost or hurt firm performance in product markets? Journal of Financial Economics, 82(1): 135-172.
  • Farinha, L., Prego, P. (2013).
  • Firth, M., C. Lin and S.M. Wong, 2008. Leverage and investment under a state-owned bank lending environment: Evidence from China. Journal of Corporate Finance, 14(5): 642-653.
  • Guney, Y., A. Ozkan and N. Ozkan, 2007. International evidence on the non-linear impact of leverage on corporate cash holdings. Journal of Multinational Financial Management, 17(1): 45-60.
  • Haque, A. (2014).
  • Mohun, P. O., & Hemant, B. C. (2008). Does Financial Leverage Influence Investment Decisions? Journal of Business Case Studies, 4, (9).
  • Odit, M., Chittoo, H. (2008).
  • Singhania, M. and A. Seth, 2010. Financial leverage and investment opportunities in India: An empirical study. International Research Journal of Finance and Economics, 40(2): 215-226.
  • Woon, G., David,C. (2005)
  • Aggarwal, R., Erel, I., Ferreira, M., & Matos, P. (2011). Does governance travel around the world? Evidence from institutional investors. Journal of Financial Economics, 100(1), 154-181.
  • Ajina, A., Lakhal, F., & Sougné, D. (2015). Institutional investors, information asymmetry and stock market liquidity in France. International Journal of Managerial Finance, 11(1), 44-59.
  • Amihud, Y. (2002). Illiquidity and stock returns: cross-section and time-series effects. Journal of financial markets, 5(1), 31-56.
  • Amihud, Y., & Mendelson, H. (1980). Dealership market: Market-making with inventory. Journal of Financial Economics, 8(1), 31-53.
  • Amihud, Y., & Mendelson, H. (1986). Asset pricing and the bid-ask spread. Journal of financial Economics, 17(2), 223-249.
  • Attig, N., Fong, W., & Gadhoum, Y. (2006). Effects of large shareholding on information asymmetry and stock liquidity. Journal of Banking & Finance, 30, 2875-2892.
  • Barbosa, L., Lacerda, A., Ribeiro, N. (2007).
  • Campello, M., 2006. Debt financing: Does it boost or hurt firm performance in product markets? Journal of Financial Economics, 82(1): 135-172.
  • Farinha, L., Prego, P. (2013).
  • Firth, M., C. Lin and S.M. Wong, 2008. Leverage and investment under a state-owned bank lending environment: Evidence from China. Journal of Corporate Finance, 14(5): 642-653.
  • Guney, Y., A. Ozkan and N. Ozkan, 2007. International evidence on the non-linear impact of leverage on corporate cash holdings. Journal of Multinational Financial Management, 17(1): 45-60.
  • Haque, A. (2014).
  • Mohun, P. O., & Hemant, B. C. (2008). Does Financial Leverage Influence Investment Decisions? Journal of Business Case Studies, 4, (9).
  • Odit, M., Chittoo, H. (2008).
  • Singhania, M. and A. Seth, 2010. Financial leverage and investment opportunities in India: An empirical study. International Research Journal of Finance and Economics, 40(2): 215-226.
  • Woon, G., David,C. (2005)

Cite this article

    APA : Arif, M. (2020). Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan. Global Management Sciences Review, V(II), 1-8. https://doi.org/10.31703/gmsr.2020(V-II).01
    CHICAGO : Arif, Muhammad. 2020. "Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan." Global Management Sciences Review, V (II): 1-8 doi: 10.31703/gmsr.2020(V-II).01
    HARVARD : ARIF, M. 2020. Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan. Global Management Sciences Review, V, 1-8.
    MHRA : Arif, Muhammad. 2020. "Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan." Global Management Sciences Review, V: 1-8
    MLA : Arif, Muhammad. "Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan." Global Management Sciences Review, V.II (2020): 1-8 Print.
    OXFORD : Arif, Muhammad (2020), "Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan", Global Management Sciences Review, V (II), 1-8
    TURABIAN : Arif, Muhammad. "Do Institutional Investors Affect Stock Market Liquidity? The Moderating Role of Firm Size in Fuel and Energy Sector of Pakistan." Global Management Sciences Review V, no. II (2020): 1-8. https://doi.org/10.31703/gmsr.2020(V-II).01