Charoenwong, Charlie; Ding, David K.; Siraprapasiri, Vasan - In: International Review of Economics & Finance 20 (2011) 3, pp. 406-420
This paper examines the impact of corporate governance on the adverse selection component of the bid-ask spread of stocks listed on the Singapore Exchange. These companies have been identified by Credit Lyonnais Securities Asia (CSLA) with the highest level of corporate governance among 25...