Trading Volume, Stock Returns and Return Volatility - Shrestha, Shiva Ram
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The research design adopted in this study consists of descriptive, correlation and causal comparative research design to analyze the dynamic relationship between trading volume, stock returns and return volatility. This study is examined by using secondary sources of volume and return data series. The primary data has been used to evaluate the findings of result from secondary data. The foremost conclusion of the study is that there is a positive and a significant correlation between stock returns and return volatility. The study records the evidence of a significant relationship of causality…mehr

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Produktbeschreibung
The research design adopted in this study consists of descriptive, correlation and causal comparative research design to analyze the dynamic relationship between trading volume, stock returns and return volatility. This study is examined by using secondary sources of volume and return data series. The primary data has been used to evaluate the findings of result from secondary data. The foremost conclusion of the study is that there is a positive and a significant correlation between stock returns and return volatility. The study records the evidence of a significant relationship of causality following from volatility to trading volume which contradict the mixture of distributions hypothesis and support the sequential information arrival hypothesis. Volume Granger caused stock returns but stock returns did not Granger caused volume. Preceding return volatility can be seen as some evidences that new information arrival might follow a sequential rather than a simultaneous process. This implies that a strong form of market efficiency does not hold since some private information exists that is not reflected in stock prices.
Autorenporträt
Mr Shiva Ram Shrestha is doing PhD in management, Tribhuvan University.He is also a researcher in the field of social science and Financial management in Nepal.He has already worked as team leader in different projects.He has also published several peer reviewed journal articles from national and international publications.