Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory
收藏NBER2000-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7625
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资源简介：
We examine the implications of portfolio theory for the cross-sectional behavior of equity trading volume. Two-fund separation theorems suggest a natural definition for trading activity: share turnover. If two-fund separation holds, share turnover must be identical for all securities. If (K+1)-fund
提供机构：
美国国家经济研究局
创建时间：
2000-03-01
