Trading volume and serial correlation in stock returns in an emerging market a case study of Pakistan
This paper examines the relationship between aggregate stock market trading volume and serial correlation of daily stock returns from December 1991 to April 2006. The empirical results reveal that there is a first-order positive autocorrection between future and present returns. The results implied...
| Published in: | The Philippine Review of Economics Vol.45, no.2 (December 2008), p. 101-117. |
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| Main Authors: | , |
| Format: | Analytics |
| Language: | English |
| Published: |
[Quezon City]
School of Economics, University of the Philippines
2008.
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| Subjects: | |
| Online Access: | https://forms.gle/KZjBv7aRtY6jiL5E9 |