The Relationship Between Trading Volume and Stock Returns

Chandrapala, Pathirawasam

dc.title	The Relationship Between Trading Volume and Stock Returns	en
dc.contributor.author	Chandrapala, Pathirawasam
dc.relation.ispartof	Journal of Competitiveness
dc.identifier.issn	1804-1728 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2011
utb.relation.volume	3
utb.relation.issue	3
dc.citation.spage	41
dc.citation.epage	49
dc.type	article
dc.language.iso	en
dc.publisher	Univerzita Tomáše Bati ve Zlíně (UTB)	cs
dc.publisher	Tomas Bata University in Zlín	en
dc.relation.uri	https://www.cjournal.cz/index.php?hid=clanek&bid=archiv&cid=65&cp=
dc.subject	trading volume	en
dc.subject	stock returns	en
dc.subject	Colombo Stock Exchange	en
dc.description.abstract	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.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1002721
utb.identifier.rivid	RIV/70883521:28120/11:43867355!RIV12-MSM-28120___
utb.identifier.obdid	43867615
utb.identifier.wok	000435284500004
utb.source	j-orig
dc.date.accessioned	2012-02-16T16:00:25Z
dc.date.available	2012-02-16T16:00:25Z
dc.rights	Attribution 4.0 International
dc.rights.uri	https://creativecommons.org/licenses/by/4.0/
dc.rights.access	openAccess
utb.contributor.internalauthor	Chandrapala, Pathirawasam
utb.fulltext.affiliation	Chandrapala Pathirawasam Chandrapala Pathirawasam. B.Sc, M.Sc, MBA Tomas Bata University in Zlin, Faculty of Management and Economics Mostní 5139, 760 01 Zlín, Czech Republic. Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka Department of Commerce and Financial Management E-mail: Pathi3@yahoo.com
utb.fulltext.dates	-
utb.fulltext.sponsorship	-
utb.wos.affiliation	[Pathirawasam, Chandrapala] Tomas Bata Univ Zlin, Fac Econ & Management, Mostni 5139, Zlin 76001, Czech Republic; [Pathirawasam, Chandrapala] Univ Kelaniya, Fac Commerce & Management Studies, Dept Commerce & Financial Management, Kelaniya, Sri Lanka
utb.fulltext.projects	-
utb.fulltext.faculty	Faculty of Management and Economics
utb.fulltext.ou	-