The Relationship Between Trading Volume and Stock Returns

Chandrapala, Pathirawasam

Název:	The Relationship Between Trading Volume and Stock Returns
Autor:	Chandrapala, Pathirawasam
Typ dokumentu:	Recenzovaný odborný článek (English)
Zdrojový dok.:	Journal of Competitiveness. 2011, vol. 3, issue 3, p. 41-49
ISSN:	1804-1728 (Sherpa/RoMEO, JCR)

Abstrakt:	This study examines the relationship between trading volume and stock returns. The sample of the study consists of 266 stocks traded at the Colombo Stock Exchange (CSE) from 2000-2008. This study follows the conventional methodology used by Jagadeesh and Titman (Jagadeesh and Titman, 1993). The study revealed that stock returns are positively related to the contemporary change in trading volume. Further, it was found that past trading volume change is negatively related to stock returns. Investor misspecification about future earnings or illiquidity of low volume stocks can be the reason for the negative relationship between trading volume and stock returns.
Plný text:	https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=65&cp=
Zobrazit celý záznam

Soubory tohoto záznamu

Název: Fulltext_1002721.pdf

Velikost: 871.0Kb

Formát: PDF

Popis: fulltext

Zobrazit/otevřít

Citace ČSN ISO 690:2011

Citace článku v časopise:
CHANDRAPALA, Pathirawasam. The Relationship Between Trading Volume and Stock Returns. Journal of Competitiveness [online]. 2011, vol. 3, iss. 3, s. 41-49. [cit. 2024-04-16]. ISSN 1804-1728. Dostupné z: https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=65&cp=.

Tyto citace vytvořil software a mohou obsahovat chyby. Pro ověření přesnosti si nastudujte příslušnou citační normu nebo příručku.