Ownership Structure and Bid-Ask Spread: Evidence from Malaysian Market
Table 2:
Variables |
Family |
Conglomerate |
Government |
Foreign |
Dispersed |
OS |
0.0026 |
-0.0106 |
0.00237 |
-0.0061 |
0.0045 |
|
1.5680 |
-1.7262* |
0.3719 |
-3.0035*** |
1.4157 |
log(mc) |
-0.01274 |
-0.0132 |
-0.01321 |
-0.0119 |
-0.0132 |
|
-16.0117*** |
-16.1027*** |
-15.5385*** |
-16.1812*** |
-15.6075*** |
log(tv) |
-0.0083 |
-0.0084 |
-0.00821 |
-0.0084 |
-0.0083 |
|
-14.4028*** |
-16.0408*** |
-16.0702*** |
-12.9028*** |
-16.3723*** |
log(ta) |
0.00224 |
0.00297 |
0.0028 |
0.0016 |
0.0028 |
|
2.4754** |
3.7693*** |
3.4544*** |
1.8787* |
3.5568*** |
D/E |
0.001 |
0.0003 |
0.0002 |
0.0004 |
0.0001 |
|
0.3621 |
0.32927 |
0.2281 |
0.5068 |
0.1941 |
R2 |
0.4889 |
0.4892 |
0.4856 |
0.4878 |
0.4894 |
Adj. R2 |
0.4862 |
0.4865 |
0.4829 |
0.4852 |
0.4868 |
Prob |
0.0000 |
0.0000 |
0.0000 |
0.0000 |
0.0000 |
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