Our study investigates the interlink between liquidity, corporate governance and firm value with adoption of meta-analysis. The final sample consists 428 studies extracted from 55 papers, covering 632,196 firm-year observations in a worldwide scope. diversity data is believed to reduce possible homogeneity due regional or time period concentration. Using random-effects model, it reported that b...

Purpose The positive illiquidity–return relationship (so-called liquidity premium) is a well-established pattern in international developed stock markets. magnitude of premium should increase with market illiquidity. Existing studies, however, do not confirm this conjecture regard to frontier This may result from applying different approaches the investors' holding period. paper aims identify r...