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Corporate governance, institutional ownership, and stock liquidity of SMEs: evidence from China
https://hiroshima.repo.nii.ac.jp/records/2006317
https://hiroshima.repo.nii.ac.jp/records/2006317ba10c9ef-9c35-44e1-b1e1-e40c79585405
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
APJAE_2024.pdf (856.2 KB)
Download is available from 2025/11/17.
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| Item type | デフォルトアイテムタイプ_（フル）(1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2025-01-10 | |||||||||
| タイトル | ||||||||||
| タイトル | Corporate governance, institutional ownership, and stock liquidity of SMEs: evidence from China | |||||||||
| 言語 | en | |||||||||
| 作成者 |
Liu, Wei
× Liu, Wei
× Suzuki, Yoshihisa
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| アクセス権 | ||||||||||
| アクセス権 | embargoed access | |||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_f1cf | |||||||||
| 権利情報 | ||||||||||
| 言語 | en | |||||||||
| 権利情報 | This is an Accepted Manuscript of an article published by Taylor & Francis in Asia-Pacific Journal of Accounting & Economics on 17 May 2024, available at: https://doi.org/10.1080/16081625.2024.2353063. | |||||||||
| 権利情報 | ||||||||||
| 言語 | en | |||||||||
| 権利情報 | This is not the published version. Please cite only the published version. | |||||||||
| 権利情報 | ||||||||||
| 言語 | ja | |||||||||
| 権利情報 | この論文は出版社版ではありません。引用の際には出版社版をご確認、ご利用ください。 | |||||||||
| 主題 | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Stock liquidity | |||||||||
| 主題 | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | SMEs | |||||||||
| 主題 | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | corporate governance | |||||||||
| 主題 | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | institutional ownership | |||||||||
| 内容記述 | ||||||||||
| 内容記述 | This study explores the relationship between corporate governance and stock liquidity of Chinese small and medium-sized enterprises (SMEs). Our findings reveal a nonlinear (U-shaped) relationship between the overall quality of corporate governance and stock liquidity, implying that, unlike large-sized listed firms, SMEs cannot monotonically increase liquidity through improved corporate governance. After examining the sub-indicators individually, we find that the percentage of institutional shareholdings is the main driver of this U-shaped relationship. The nonlinear relationship between institutional shareholdings and stock liquidity suggests that continuously enhancing corporate governance may reduce stock liquidity, posing challenges for SMEs in securing financing. | |||||||||
| 言語 | en | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | This research is supported by the scholarship from China Scholarship Council (CSC) under Grant 202109210019. | |||||||||
| 言語 | en | |||||||||
| 出版者 | ||||||||||
| 出版者 | Taylor & Francis | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||
| 資源タイプ | journal article | |||||||||
| 出版タイプ | ||||||||||
| 出版タイプ | AM | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||||
| 関連情報 | ||||||||||
| 関連タイプ | isVersionOf | |||||||||
| 識別子タイプ | DOI | |||||||||
| 関連識別子 | https://doi.org/10.1080/16081625.2024.2353063 | |||||||||
| 開始ページ | ||||||||||
| 開始ページ | none | |||||||||
| 書誌情報 |
en : Asia-Pacific Journal of Accounting & Economics p. none, 発行日 2024-05-17 |
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| 旧ID | 56107 | |||||||||
| 備考 | The full-text file will be made open to the public on 17 November 2025 in accordance with publisher's 'Terms and Conditions for Self-Archiving' | |||||||||
