Asymmetric Impact of Informed Trading Activity on Stock Return Volatility
نویسندگان
چکیده
منابع مشابه
Asymmetric Impact of Informed Trading Activity on Stock Return Volatility
Prior research has shown that informed trading activity decreases the stock return volatility because trading causes stock prices to converge to fundamentals. On the contrary to existing studies, this paper documents the empirical asymmetric relation between informed trading activity and volatility. Stocks with relatively less private information are associated with lower participation of infor...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2014
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2014.47071