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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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jocaae:v:6:y:2010:i:2:p:92-100

DOI: 10.1016/j.jcae.2010.10.001

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