Institutional ownership and commonality in liquidity relationship during the COVID-19 pandemic: the case of emerging markets

被引：0
|
作者：
Vo, Thi Thuy Anh [1 ]
Thai, Thi Hong An [1 ,2 ]
机构：
[1] Univ Econ Univ Danang, Da Nang, Vietnam
[2] Univ Econ Univ Danang, 71 Ngu Hanh Son St, Da Nang, Vietnam
来源：
APPLIED ECONOMICS LETTERS | 2023年
关键词：
COVID-19; institutional ownership; commonality in liquidity; emerging markets; RETURNS; INFORMATION;
D O I：
10.1080/13504851.2023.2244221
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper examines the influence of the COVID-19 pandemic on the link between commonality in liquidity and institutional ownership in emerging markets. Using a comprehensive firm level data set of 18 emerging markets over the period from 2010 to 2020, this study reveals that the negative association between institutional ownership and commonality in liquidity reduces during the pandemic. This trend is more obvious in nations strongly affected by the pandemic where the given link fades. Furthermore, the corporate governance at firm and country level moderates this negative relation and this moderating effect is greater during the COVID-19 economics crisis.
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页数：7
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