Review of Studies on the Relationship between Trading Volume and Stock Returns
Trading volume has attracted researchers’ attention for years, resulting in voluminous existing literature. LO/WANG (2000) report to have found 190 articles from various fields of study including economics, finance and accounting. Within the finance literature, studies exist mainly on volume-return relations, market microstructure, volumereturn volatility relations, and models of asymmetric information.
KeywordsStock Market Stock Return Trading Volume Trading Cost Absolute Return
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