首页 | 本学科首页   官方微博 | 高级检索  
     检索      


The Relationship Between Stock Price Changes and Trading Volume:
Abstract:This study tests Karpoff's (1987) cosUy short sales hypothesis that attempts to explain the asymmetric relationship be- tween stock price changes and trading volume. Since short sales are disallowed on the Stock Exchange of Singapore, the data set offers a polar case of costly short sales. We document an asymmetric price change-volume relationship that is consistent with previous empiri- cal evidence based on US. data sets. More importantly we find a polar case of the asymmetric price change-volume relationship that supports Karpoff's (1987) costly short sales hypothesis: a positive correlation between positive price change and volume, but no signif- icant relationship between negative price change and volume.
Keywords:Board of directors  corporate governance  family control  Taiwan
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号