We study the effect of block shareholding on stock liquidity using panel models for 128 stocks from the period 2011 to 2014. After controlling for the size of the firm, ownership concentration is found to have a small statistically significant negative effect on liquidity. Ownership structure...

Cross-cultural studies in finance have often used country-wise data for cultural values. Our objective was to understand how individual differences in cultural values affect an investor's stock trading behavior in an emerging market. Based on the theory of planned behavior, we conceptualized a...

This paper studies execution times of small orders in an electronic exchange, specifically the National Stock Exchange of India. Unlike other studies that have reconstructed the order book, a time consuming and computationally intensive activity, this paper considers small hypothetical orders,...