Board independence,board diligence and liquidity in Malaysia: A research note |
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| Authors: | Yee-Boon Foo Mazlina Mat Zain |
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| Institution: | 1. School of Business, Monash University, Jalan Lagoon Selatan, 46150 Bandar Sunway, Selangor, Malaysia;2. Faculty of Management, Multimedia University, Persiaran Multimedia, Cyberjaya, 63100, Malaysia |
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| Abstract: | This study examines the relationship between board independence, board diligence and liquidity in Malaysia, an emerging market. Liquidity is proxied by three measures; relative volume, relative quoted depth and proportion of zero-returns. The results using a sample of 481 public-listed firms in Malaysia show that more independent and diligent boards are associated with higher liquidity. |
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