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ARTÍCULO
TITULO

Ownership concentration and its effect on the liquidity of shares in the Colombian stock market, period 2010-2016

Erdwin Fernando García Martínez    

Resumen

This paper analyzes the effect of the concentration of stock ownership (mixed or private) on the liquidity of shares in the Colombian stock market, for a representative sample of 15 companies listed on that market during the period between 2010 and 2016. The results show an inverse relationship between these variables; that is, while ownership concentration increases, liquidity decreases. However, the model has a low significance level, thus, it may be linked to other aspects that are associated with the use of information regarding the issuance and placement of shares by companies.

PÁGINAS
pp. 327 - 348
MATERIAS
ECONOMÍA

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