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Keywords: Main board
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Journal Articles
Journal of Asian Business and Economic Studies (2020) 27 (2): 209–222.
Published: 24 February 2020
...) relating to switching to the Main Board (MB). Two measures, turnover of the stock and Amihud’s (2002) illiquidity ratio, are used to examine the liquidity effects. Findings The switch is accompanied by a long-term increase in stock price for low liquidity firms only. High liquidity firms underperform...
