search query: @author Assogbavi, T. / total: 1
reference: 1 / 1
« previous | next »
| Author: | Assogbavi, T. Khoury, N. Yourougou, P. |
| Title: | Short interest and the asymmetry of the price-volume relationship in the Canadian stock market |
| Journal: | Journal of Banking and Finance
1995 : NOV, VOL. 19:8, p. 1341-1358 |
| Index terms: | PRICES STOCK MARKETS CANADA |
| Language: | eng |
| Abstract: | Several studies have revealed an asymmetry in the price-volume relationship in the equities markets. This paper verifies this relationship using Canadian data and presents an alternative test of the costly short-sales hypothesis based on the volume of outstanding short interest in the stock market. Contrary to the previous studies, the empirical tests in this study do not rely on the futures markets data but rather measure and compare the effects of relative short interest positions on the price-volume relationship for positive and negative price changes. |
« previous | next »
SCIMA