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Board independence, board diligence and liquidity in Malaysia: A research note

Yee-Boon Foo and Mazlina Mat Zain

Journal of Contemporary Accounting and Economics, 2010, vol. 6, issue 2, 92-100

Abstract: This study examines the relationship between board independence, board diligence and liquidity in Malaysia, an emerging market. Liquidity is proxied by three measures; relative volume, relative quoted depth and proportion of zero-returns. The results using a sample of 481 public-listed firms in Malaysia show that more independent and diligent boards are associated with higher liquidity.

Keywords: Information asymmetry; Liquidity; Board independence; Board diligence; Malaysia (search for similar items in EconPapers)
Date: 2010
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Journal of Contemporary Accounting and Economics is currently edited by Agnes C.S. Cheng, P. Clarkson, F.A. Gul, Zoltan Matolcsy, Dan Simunic and Ben Srinidhi

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