Stock market liquidity and firm performance

Singh, Taranjit; Gupta, Mohit; Sharma, Mukund

doi:10.5267/j.ac.2015.11.003

Cited by 7 publications

(9 citation statements)

References 11 publications

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“…Furthermore, empirical results reveal that the larger firms have high firm value. The findings of this paper are similar to the findings of Fang et al (2009); Wu and Liu (2009) and Singh et al (2015). Research findings shed light on the important role of stock market liquidity of the company in improving firm value.…”

Section: Discussionsupporting

confidence: 89%

“…Amivest measure (LR), introduced by Copper, Groth, and Avera (1985), that compares daily returns with daily volume measured in number of shares is used (1) where, Vi, t = The trading volume for stock i on day t |Ri,t| = The absolute return for stock i on day t…”

Section: Liquidity (Independent Variable)mentioning

confidence: 99%

“…High risk of illiquidity results in higher premium in both developed and emerging markets. Stock market liquidity plays an important role on measuring market growth and efficiency (Singh et al, 2015). The enhancement in stock liquidity improves firm's reputation in financial markets and thus leads to increase in firm's value and reduction of capital cost.…”

Section: Introductionmentioning

confidence: 99%

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Stock Market Liquidity and Firm Value- Indian Evidences

Sidhu¹

2016

IOSR

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This paper examined the relationship of stock market liquidity on the firm value of Indian manufacturing firms included in the S&P BSE 100 Index from 2009 to 2012. The random effects panel regression model has been invoked to analyze the relationship. The empirical results support the stock market liquidity implications of firm value, that is, better liquidity of stock of companies results in higher value of the firm. The empirical results put forth that there is a positive relationship between stock market liquidity as measured by Amivest measure (1985) and firm performance as measured by Tobin's Q.

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Section: Discussionsupporting

confidence: 89%

Section: Liquidity (Independent Variable)mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Stock Market Liquidity and Firm Value- Indian Evidences

Sidhu¹

2016

IOSR

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“…As a result of this, many researchers such as Singh et al (2015), Sidhu (2016), Singh (2017), and Pham et al (2020) have shown interest in the concept of performance, and efforts have been made to determine the factors that influence corporate performance to nip in a bud several issues pertaining to its undesired trend. Their findings revealed that the performance of companies has been deteriorating over the years due to many factors.…”

Section: Introductionmentioning

confidence: 99%

Liquid Stock and Financial Performance of Non-Financial Quoted Companies in Nigeria

Salawu¹,

Olayinka²,

Fanneh³

et al. 2022

EJEF

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There have been several recent concerns about the deteriorating state of Nigerian companies’ performance. Many investors in Nigeria over the years have accused the quoted companies of not doing enough to improve their performances. Researchers are concerned about the factor that affects performance as a result of this. Therefore, this paper examines the influence of stock liquidity on the financial performance of companies in Nigeria. Data used are sourced from the financial statements of selected companies and the fact book of the Nigeria Stock Exchange for the period between 2012 and 2019. Data are analyzed using both descriptive and inferential statistics. The empirical findings of this study confirm that liquid stock, proxied by the turnover ratio (TOR), greatly impacts the performance of companies in Nigeria. Sequel to this, this paper concludes that the degree of operational success of Nigeria’s corporate entities is commensurate with the liquidity status of their stocks.

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“…Several alternatives to conventional sintering of green compacts composed of nanosize particles have been proposed aiming at improving the mechanical and electrical properties associated with higher density and smaller average grain size [36]. In this context, microwave radiations are found to be advantageous as a result of the economy of energy and time during processing [37].…”

Section: Introductionmentioning

confidence: 99%