Results: Trading Volume and the Cross-Sectional Variation of Stock Returns

  • Alexander Brändle


This chapter commences the empirical part of the research project. It presents results of tests designed to answer the first research question whether different measures of trading volume play an important role in the cross-sectional variation of expected returns in the Swiss stock market. The empirical analyses are divided into two parts, regression analysis and portfolio-based tests. The methodology applied is described in detail in the previous chapter (namely in 3.3.1). However, for ease of understanding we repeat the most important aspects of the approach at the relevant places.


Stock Return Trading Volume Expected Return Volume Growth Formation Period 
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© Gabler | GWV Fachverlage GmbH 2010

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  • Alexander Brändle

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