Knowledge@wharton

Most stock market experts believe shareholder input is good because it presses managers to do their best to maximize returns. But how does liquidity -- the availability of shares to buy and sell -- affect that shareholder involvement? ”It’s something that has inspired both academic debate and policy debate ” says Wharton finance professor Alex Edmans who has co-authored a paper on how liquidity affects governance. See acast.com/privacy for privacy and opt-out information.