This study contributes to the academic works regarding the role of stock liquidity in corporate decision making. The aim of this research is to examine how corporate investment is affected by firm stock liquidity. Using a sample data of 296 firms from the technology sector listed in the US and Taiwan Stock Markets in the period of ten years (2007 – 2018), we find a positive linkage between firm investment and stock liquidity. Furthermore, our findings suggest that this association can be affected by the level of financial constraint, or other external factors like market development and financial crisis period.

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