Show simple item record

dc.contributor.authorSivathaasan, Nadarajah
dc.contributor.authorAli, Searat
dc.contributor.authorLiu, Benjamin
dc.contributor.authorHuang, Allen
dc.contributor.editorNeupane, Suman
dc.contributor.editorRoca, Eduardo
dc.date.accessioned2020-01-16T08:05:38Z
dc.date.available2020-01-16T08:05:38Z
dc.date.issued2016
dc.identifier.issn1836-8123en_US
dc.identifier.otherRePEc:gri:fpaper:finance:201603
dc.identifier.urihttp://hdl.handle.net/10072/390308
dc.description.abstractIn this study, we examine mainly the effect of stock liquidity and corporate governance on leverage policy in Australia. After controlling for the effects of firm-specific determinants, we find that stock liquidity and corporate governance quality (CGQ thereafter) reduce leverage significantly. Also, we document that high liquid firms in Australia dominate largely on determining the relation between CGQ and leverage, due to that CGQ is significantly strong in high liquid firms. Furthermore, our findings confirm prior research that firms with more liquid stocks are significantly less leveraged and CGQ has an inverse relation with high leverage firms.en_US
dc.format.extent38 pages
dc.languageEnglish
dc.publisherGriffith Universityen_US
dc.publisher.placeBrisbane, Australiaen_US
dc.relation.ispartofpagefrom1en_US
dc.relation.ispartofpageto38en_US
dc.subject.keywordsG32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure
dc.subject.keywordsG34 - Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
dc.subject.keywordsG12 - Asset Pricing; Trading volume; Bond Interest Rates
dc.subject.keywordsStock liquidityen_US
dc.subject.keywordscorporate governanceen_US
dc.subject.keywordsleverageen_US
dc.subject.keywordshigh and low liquidity firmsen_US
dc.title2016-03: Stock liquidity, corporate governance, and leverage: New panel evidence (Working paper)en_US
dc.typeReporten_US
dc.type.descriptionDiscussion Paperen_US
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2016
gro.hasfulltextFull Text
gro.griffith.authorSivathaasan, Nadarajah
gro.griffith.authorAli, Searat
gro.griffith.authorLiu, Benjamin
gro.griffith.authorHuang, Allen R.


Files in this item

This item appears in the following Collection(s)

  • Reports
    Contains reports by Griffith authors published for government agencies, industry and other organisations.

Show simple item record