Share price and trading volume behaviour around trading suspensions
نویسندگان
چکیده
منابع مشابه
Price Momentum and Trading Volume
This study shows that past trading volume provides an important link between “momentum” and “value” strategies. Specifically, we find that firms with high ~low! past turnover ratios exhibit many glamour ~value! characteristics, earn lower ~higher! future returns, and have consistently more negative ~positive! earnings surprises over the next eight quarters. Past trading volume also predicts bot...
متن کاملPrice fluctuations, market activity and trading volume
We investigate the relation between trading activity—measured by the number of trades N t—and the price change G t for a given stock over a time interval [t, t + t]. We relate the time-dependent standard deviation of price changes—volatility—to two microscopic quantities: the number of transactions N t in t and the variance W 2 t of the price changes for all transactions in t . We find that N t...
متن کاملOverconfidence and Trading Volume
Theoretical models predict that overconfident investors will trade more than rational investors. We directly test this hypothesis by correlating individual overconfidence scores with several measures of trading volume of individual investors (number of trades, turnover). Approximately 3000 online broker investors were asked to answer an internet questionnaire which was designed to measure vario...
متن کاملPrice Floors for Emissions Trading
Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty, but implementation has potential pitfalls. We argue that the best mechanism for implementing a price floor is to have firms pay an extra fee or tax. This has budgetary advantages and is more compatible with international permit trading ...
متن کاملTrading Network Predicts Stock Price
Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Maandblad Voor Accountancy en Bedrijfseconomie
سال: 1992
ISSN: 2543-1684,0924-6304
DOI: 10.5117/mab.66.13982