We examine whether executive networks affect the information environment around stocks in an international setting. We find that firms whose executives are more connected enjoy lower stock liquidity costs, as executive networks lower information asymmetries for market participants. However, the positive effects of executive networks on stock liquidity are subsumed in countries where investor protections are weaker. These results suggest that the detrimental effects of network connections (e.g., managerial entrenchment, extraction of private benefits, propensity to commit fraud, etc.) documented in prior studies create space for asymmetric information in the information environment around stocks when formal institutions are weak.