首页> 外文会议>Environment, low-carbon and strategy. >The Relationship Between Stock Return Volatility and Trading Volume: Evidence from the Investors in the Taiwan Stock Market
【24h】

The Relationship Between Stock Return Volatility and Trading Volume: Evidence from the Investors in the Taiwan Stock Market

机译:股票收益波动率与交易量之间的关系:来自台湾股票市场投资者的证据

获取原文
获取原文并翻译 | 示例

摘要

This study investigates the relationship between intraday stock return volatility and trading volume using GARCH model for the Taiwan stock market. The empirical results show that the impact of trading volume on stock return volatility is stronger when stock price decreases than when stock price increases. In general, institutional trading is negatively associated with return volatility, while individual trading lead to an increase in return volatility. The foreign investors and dealers trading among institutional groups trading have statistically significant impacts on return volatility.
机译:本研究利用台湾股市的GARCH模型研究了当日股票收益率波动与交易量之间的关系。实证结果表明,当股票价格下跌时,交易量对股票收益波动率的影响要大于股票价格上涨时的影响。通常,机构交易与收益波动率负相关,而个人交易导致收益波动率增加。在机构群体之间进行交易的外国投资者和交易商对收益波动性有统计学上的显着影响。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号