haku: @author Ku, / yhteensä: 6
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| Tekijä: | Sheu, H.-J. Wu, S. Ku, K.-P. |
| Otsikko: | Cross-sectional relationships between stock returns and market beta, trading volume, and sales-to-price in Taiwan. |
| Lehti: | International Review of Financial Analysis
1998 : VOL. 7:1, p. 1-18 |
| Asiasana: | Stock returns Asset valuation Share prices Financial risk |
| Kieli: | eng |
| Tiivistelmä: | The study explores the cross-sectional relationship between market beta, sales-to-price, trading volume and stock returns,on Taiwan Stock exchange from 1976 to 1996. The results show that market beta, trading volume, and sales-to-price seem to have a joint role inm explaining the cross-sectional stock returns. The results provide support to continue using beta as a measure of market risk. The results also indicate that the trading volume and sales-to-price effects in average returns are due to investor overreaction. |
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