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Does Corporate Governance Affect Firm Liquidity? Empirical Evidence from Romania

Author

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  • Florinita DUCA

    (The Bucharest University of Economic Studies)

Abstract

This paper examines the relation between corporate governance and liquidity from roumanian firms. We construct a measure of corporate governance based on publicly available information for each firm listed on the Bucharest Stock Exchange over the 2006-2013 interval. Results of the study suggest a positive relationship between the liquidity and the corporate governance.

Suggested Citation

  • Florinita DUCA, 2014. "Does Corporate Governance Affect Firm Liquidity? Empirical Evidence from Romania," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 62(10), pages 79-82, Octomber.
    • Handle: RePEc:rsr:supplm:v:62:y:2014:i:10:p:79-82
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    References listed on IDEAS

    as
    1. Chung, Kee H. & Elder, John & Kim, Jang-Chul, 2010. "Corporate Governance and Liquidity," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 45(2), pages 265-291, April.
    2. Ke Tang & Changyun Wang, 2011. "Corporate Governance and Firm Liquidity: Evidence from the Chinese Stock Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 47(0), pages 47-60, January.
    3. Li, Wei-Xuan & Chen, Clara Chia-Sheng & French, Joseph J., 2012. "The relationship between liquidity, corporate governance, and firm valuation: Evidence from Russia," Emerging Markets Review, Elsevier, vol. 13(4), pages 465-477.
    4. Gillan, Stuart L., 2006. "Recent Developments in Corporate Governance: An Overview," Journal of Corporate Finance, Elsevier, vol. 12(3), pages 381-402, June.
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    Cited by:

    1. Georgeta VINTILA & Florinita DUCA, 2015. "Evaluation of Corporate Governance Influence on Performance of roumanian Companies," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(1), pages 47-51, January.

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