Trading Volume and Serial Correlation in Stock Returns
收藏NBER1992-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4193
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资源简介：
This paper investigates the relationship between stock market trading volume and the autocorrelations of daily stock index returns. The paper finds that stock return autocorrelations tend to decline with trading volume. The paper explains this phenomenon using a model in which risk-averse "market
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美国国家经济研究局创建时间：
1992-10-01
