Plausibly Exogenous [1508] - Retail Governance (03/19/2024)
LHS Variable
Corporate governance
RHS Variable
Retail investors
Source of Exogenous Variation
Abolition of trading commissions by major online brokerages in 2019, which lowered stock market entry costs for retail investors
- Aggarwal, Choi, and Lee (2024), “Retail Investors and Corporate Governance: Evidence from Zero-Commission Trading”