{"id":"https://openalex.org/W2887664936","doi":"https://doi.org/10.1080/1540496x.2018.1496420","title":"Revisiting the Impact of Stock Market Liquidity on Bank Liquidity Creation: Evidence from Malaysia","display_name":"Revisiting the Impact of Stock Market Liquidity on Bank Liquidity Creation: Evidence from Malaysia","publication_year":2018,"publication_date":"2018-08-15","ids":{"openalex":"https://openalex.org/W2887664936","doi":"https://doi.org/10.1080/1540496x.2018.1496420","mag":"2887664936"},"language":"en","primary_location":{"id":"doi:10.1080/1540496x.2018.1496420","doi":"https://doi.org/10.1080/1540496x.2018.1496420","is_oa":false,"landing_page_url":"https://doi.org/10.1080/1540496x.2018.1496420","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5049475773","display_name":"Moau Yong Toh","orcid":"https://orcid.org/0000-0001-7535-7408","observed_orcids":["https://orcid.org/0000-0001-7535-7408"]},"institutions":[{"id":"https://openalex.org/I4210153482","display_name":"Changzhou University","ror":"https://ror.org/04ymgwq66","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210153482"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Moau Yong Toh","raw_affiliation_strings":["Department of Finance, Business School, Changzhou University, Changzhou, Jiangsu, China"],"raw_orcid":"https://orcid.org/0000-0001-7535-7408","affiliations":[{"raw_affiliation_string":"Department of Finance, Business School, Changzhou University, Changzhou, Jiangsu, China","institution_ids":["https://openalex.org/I4210153482"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5043965931","display_name":"Christopher E. C. Gan","orcid":"https://orcid.org/0000-0002-5618-1651","observed_orcids":["https://orcid.org/0000-0002-5618-1651"]},"institutions":[{"id":"https://openalex.org/I184746854","display_name":"Lincoln University","ror":"https://ror.org/04ps1r162","country_code":"NZ","type":"education","lineage":["https://openalex.org/I184746854"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Christopher Gan","raw_affiliation_strings":["Department of Financial and Business Systems, Faculty of Agribusiness and Commerce, Lincoln University, Christchurch, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Financial and Business Systems, Faculty of Agribusiness and Commerce, Lincoln University, Christchurch, New Zealand","institution_ids":["https://openalex.org/I184746854"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100752846","display_name":"Zhaohua Li","orcid":"https://orcid.org/0000-0002-4732-7997","observed_orcids":["https://orcid.org/0000-0002-4732-7997"]},"institutions":[{"id":"https://openalex.org/I184746854","display_name":"Lincoln University","ror":"https://ror.org/04ps1r162","country_code":"NZ","type":"education","lineage":["https://openalex.org/I184746854"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Zhaohua Li","raw_affiliation_strings":["Department of Financial and Business Systems, Faculty of Agribusiness and Commerce, Lincoln University, Christchurch, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Financial and Business Systems, Faculty of Agribusiness and Commerce, Lincoln University, Christchurch, New Zealand","institution_ids":["https://openalex.org/I184746854"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5049475773"],"corresponding_institution_ids":["https://openalex.org/I4210153482"],"apc_list":null,"apc_paid":null,"fwci":3.6383,"has_fulltext":false,"cited_by_count":26,"citation_normalized_percentile":{"value":0.93187287,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"55","issue":"8","first_page":"1776","last_page":"1802"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-liquidity","display_name":"stock liquidity","score":0.9990000128746033},{"id":"https://openalex.org/keywords/bank-liquidity-creation","display_name":"bank liquidity creation","score":0.972000002861023},{"id":"https://openalex.org/keywords/cost-of-equity","display_name":"cost of equity","score":0.621999979019165},{"id":"https://openalex.org/keywords/listed-banks","display_name":"listed banks","score":0.9739999771118164},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.843999981880188},{"id":"https://openalex.org/keywords/malaysia","display_name":"Malaysia","score":0.4519999921321869}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.8491224050521851},{"id":"https://openalex.org/C204468989","wikidata":"https://www.wikidata.org/wiki/Q1827667","display_name":"Accounting liquidity","level":4,"score":0.8435037136077881},{"id":"https://openalex.org/C176923680","wikidata":"https://www.wikidata.org/wiki/Q3002739","display_name":"Liquidity crisis","level":3,"score":0.76772540807724},{"id":"https://openalex.org/C189259953","wikidata":"https://www.wikidata.org/wiki/Q1042259","display_name":"Liquidity risk","level":3,"score":0.639305830001831},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.6150501370429993},{"id":"https://openalex.org/C2777871818","wikidata":"https://www.wikidata.org/wiki/Q25112207","display_name":"Funding liquidity","level":4,"score":0.6097016334533691},{"id":"https://openalex.org/C190896228","wikidata":"https://www.wikidata.org/wiki/Q6557509","display_name":"Liquidity premium","level":4,"score":0.5869730710983276},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5834842920303345},{"id":"https://openalex.org/C18991353","wikidata":"https://www.wikidata.org/wiki/Q1137319","display_name":"Market maker","level":4,"score":0.5288535356521606},{"id":"https://openalex.org/C127288500","wikidata":"https://www.wikidata.org/wiki/Q1241055","display_name":"Market impact","level":4,"score":0.518284022808075},{"id":"https://openalex.org/C189722922","wikidata":"https://www.wikidata.org/wiki/Q667481","display_name":"Open market operation","level":3,"score":0.4959321916103363},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4740956723690033},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.4594472646713257},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.45672377943992615},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34216445684432983},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.32569292187690735},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.21153897047042847},{"id":"https://openalex.org/C51926234","wikidata":"https://www.wikidata.org/wiki/Q3312426","display_name":"Market microstructure","level":3,"score":0.21066752076148987},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.08230775594711304},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/1540496x.2018.1496420","doi":"https://doi.org/10.1080/1540496x.2018.1496420","is_oa":false,"landing_page_url":"https://doi.org/10.1080/1540496x.2018.1496420","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mes:emfitr:v:55:y:2020:i:8:p:1776-1802","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/1540496X.2018.1496420","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:researcharchive.lincoln.ac.nz:10182/10486","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/10182/10486","pdf_url":null,"source":{"id":"https://openalex.org/S4306400204","display_name":"Lincoln University Research Archive (Lincoln University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184746854","host_organization_name":"Lincoln University","host_organization_lineage":["https://openalex.org/I184746854"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":64,"referenced_works":["https://openalex.org/W282698332","https://openalex.org/W561125426","https://openalex.org/W1496286215","https://openalex.org/W1498484129","https://openalex.org/W1533937439","https://openalex.org/W1588189399","https://openalex.org/W1605177954","https://openalex.org/W1913229544","https://openalex.org/W1976089940","https://openalex.org/W1997964863","https://openalex.org/W2003946606","https://openalex.org/W2017257678","https://openalex.org/W2019425608","https://openalex.org/W2024539880","https://openalex.org/W2024889806","https://openalex.org/W2034392140","https://openalex.org/W2035554302","https://openalex.org/W2037364599","https://openalex.org/W2039682891","https://openalex.org/W2040226790","https://openalex.org/W2041917288","https://openalex.org/W2055334484","https://openalex.org/W2059067189","https://openalex.org/W2063239801","https://openalex.org/W2070127548","https://openalex.org/W2071681097","https://openalex.org/W2105453506","https://openalex.org/W2105715156","https://openalex.org/W2141703703","https://openalex.org/W2149625909","https://openalex.org/W2152354582","https://openalex.org/W2153146814","https://openalex.org/W2157509893","https://openalex.org/W2168667427","https://openalex.org/W2562780039","https://openalex.org/W2606706569","https://openalex.org/W2801725852","https://openalex.org/W2889725748","https://openalex.org/W2891842623","https://openalex.org/W2899564791","https://openalex.org/W2912293881","https://openalex.org/W2998833630","https://openalex.org/W3021731726","https://openalex.org/W3121238223","https://openalex.org/W3121401171","https://openalex.org/W3121403162","https://openalex.org/W3121453935","https://openalex.org/W3121643544","https://openalex.org/W3121893308","https://openalex.org/W3121893490","https://openalex.org/W3121894098","https://openalex.org/W3121905925","https://openalex.org/W3122492570","https://openalex.org/W3122631135","https://openalex.org/W3123241962","https://openalex.org/W3123703631","https://openalex.org/W3124114405","https://openalex.org/W3124173964","https://openalex.org/W3124417970","https://openalex.org/W3124450204","https://openalex.org/W3124914565","https://openalex.org/W3125649628","https://openalex.org/W3181934931","https://openalex.org/W4297440425"],"related_works":["https://openalex.org/W7111067539","https://openalex.org/W6949414520","https://openalex.org/W3080995853","https://openalex.org/W2003946606","https://openalex.org/W2197984781","https://openalex.org/W3174445754","https://openalex.org/W7017139399","https://openalex.org/W3215232853","https://openalex.org/W4408108056","https://openalex.org/W4200555297"],"abstract_inverted_index":{"This":[0],"article":[1],"examines":[2],"the":[3,23,32,37,45,55,63,76,79,90],"impact":[4,47],"of":[5,26,48,58,66,78],"stock":[6,20,49,95],"market":[7,21,38,50,96],"liquidity":[8,11,24,39,51,56,97,105],"on":[9,29,54],"bank":[10,104],"creation":[12,25,57],"in":[13],"Malaysia.":[14],"Our":[15,71,87],"results":[16,72,88],"indicate":[17],"that":[18,44,93],"a":[19],"enhances":[22],"banks":[27,61],"both":[28],"and":[30,83,101],"off":[31],"banks\u2019":[33,64,99],"balance":[34],"sheets":[35],"when":[36],"increases.":[40],"Further":[41],"analysis":[42],"shows":[43],"positive":[46],"is":[52],"evident":[53],"publicly":[59],"listed":[60],"as":[62],"cost":[65],"equity":[67],"finance":[68],"becomes":[69],"cheaper.":[70],"are":[73],"robust":[74],"to":[75],"influence":[77],"2008":[80],"financial":[81],"crisis":[82],"different":[84],"estimation":[85],"methods.":[86],"refute":[89],"traditional":[91],"view":[92],"increased":[94],"\u201csteals\u201d":[98],"business":[100],"crowds":[102],"out":[103],"creation.":[106]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":3},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-26T11:51:55.731654","created_date":"2018-08-22T00:00:00"}