| The Microstructure of the Price-Volume Relationship for the Constituent Stocks of the Taiwan 50 Index | |
|---|---|
| 學年 | 100 |
| 學期 | 2 |
| 出版（發表）日期 | 2012-07-01 |
| 作品名稱 | The Microstructure of the Price-Volume Relationship for the Constituent Stocks of the Taiwan 50 Index |
| 作品名稱（其他語言） | |
| 著者 | Huang, Pao-yu; Ni, Yen-sen; Yu, Chi-min |
| 單位 | 淡江大學管理科學學系 |
| 出版者 | Armonk: M.E. Sharpe, Inc. |
| 著錄名稱、卷期、頁數 | Emerging Markets Finance & Trade 48 suppl.2, pp.153-168 |
| 摘要 | Due to data concerns, the microstructure of the price-volume relationship is seldom explored in Taiwan. Through efforts to collect the data, we reveal two impressive findings to contribute to the literature. One is that declining share prices are followed by a burst in volume, especially at market close. The other is that total trading volume increased by foreign institutions boosts subsequent returns, whether the trading volume is increased by buying or selling. Both results are barely disclosed in previous studies. |
| 關鍵字 | institutional investors;microstructure;price-volume relationship |
| 語言 | en |
| ISSN | 1540-496(print)/1558-0938(online) |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | Huang, Pao-Yu |
| 審稿制度 | 否 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/92623 ) |
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