Short Communication
Short communication on gender, ethnicity and stock liquidity: Evidence from South Africa
Author(s): Balachandran Muniandy* and Ha Thanh Nguyen
In their paper, Nguyen and Muniandy examine the impact of gender and ethnicity of corporate boards on stock liquidity
in the context of South Africa. Using a sample of listed South African firms from 2009 to 2013, they find that
firms with more female or black directors on corporate boards are associated with a higher level of stock liquidity.
Interestingly, the interaction between gender and ethnic diversity on corporate boards has a negative impact on
stock liquidity. This commentary highlights and discusses board diversity issues touched on and implicated by the
Nguyen and Muniandy study... View More»
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