Acceso al sitio web del Consejo de Políticas de Infraestructura

   
ARTÍCULO
TITULO

The Price-Trading Volume Relationship in the Brazilian Stock Market, the Impact of Stock Lending and a Role for Technical Analysis

Antonio Zoratto Sanvicente    
Antonio Zoratto Sanvicente    
Antonio Zoratto Sanvicente    

Resumen

We examine the relationship between price and volume in the Brazilian stock market. It tests the ?V-shaped relationship? developed by Karpoff (1987), identified in several empirical papers for the U.S. market. This is expressed by positive covariance between a stock?s market turnover and the absolute value of that stock?s price change in the same period. This would contradict the implication from weak market efficiency that current price would impound all information. We analyze daily data for 47 stocks covering the period from January 04, 2010 to June 28, 2013. The results indicate that the V-shaped relationship is significant.

PÁGINAS
pp. 631 - 649
MATERIAS
ECONOMÍA

 Artículos similares

       
 
Joshua Eklund and Jong-Min Kim    
In this research, we investigate the relationship between a movie?s gross and its budget, year of release, season of release, genre, and rating. The movie data used in this research are severely skewed to the right, resulting in the problems of nonlinear... ver más
Revista: Forecasting

 
Yuni Pristiwati Noer Widianingsih, Doddy Setiawan, Y. Anni Aryani and Evi Gantyowati    
Firm-specific risk causes opinion differences on whether it relates to price informativeness or errors. The main difference is related to the disparity in information transparency. Therefore, this study tests the relationship between accrual management a... ver más

 
Ozan Altun,Cevdet Kizil,Gülay Selvi Hanisoglu,Nazar Demir     Pág. 67 - 86
The aim of this research was to examine the consumers' preference of paint purchase from the viewpoint of individuals employed in the Turkish paint industry. It was aimed to reach at least 278 individuals with a sampling error of 5%. Within this scope, 3... ver más

 
Goran Milovanovic,Jovana Milenovic     Pág. 069 - 081
In recent decades, procurement has been defined as an integrated strategic business activity that aims to create high added value based on the focus company?s relationship in the supply chain with its suppliers. The selection of suppliers in the supply c... ver más

 
Dhita Adriani Rangkuti, Mey Monita Lestari Manalu, Sartika Nanda Lestari, Brian Robuli, Irfan Boy Samosir     Pág. 673 - 679
The purpose of this study was to determine and analyze the effect oprice, service quality, and customer relationship management on the purchase decision of Asuransi Astra Garda OtoMedan, JL.ImanBonjol. The data used are primary data obtained from the ans... ver más