Information, expectations and equilibrium: Trading volume hypotheses.
| dc.contributor.advisor | Carleton, Willard T. | en_US |
| dc.contributor.author | Basu, Somnath. | |
| dc.creator | Basu, Somnath. | en_US |
| dc.date.accessioned | 2011-10-31T17:27:54Z | |
| dc.date.available | 2011-10-31T17:27:54Z | |
| dc.date.issued | 1990 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10150/185109 | |
| dc.description.abstract | In analyses of the relationship between information and price-volume reactions, the role of investor expectations is often considered implicitly. Not allowing investors to either disagree among each other or remain uninformed is a consequence of the assumption of a free and perfect information flow. A more flexible definition of information allows the observation that trading volume is an accurate reflector of investor expectations and contains valuable information about price movements. Trading volume is also used to empirically show the effects of imperfect information and the inappropriateness of the event study method. | |
| dc.language.iso | en | en_US |
| dc.publisher | The University of Arizona. | en_US |
| dc.rights | Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author. | en_US |
| dc.subject | Business Administration, Accounting | en_US |
| dc.subject | Economics, Finance | en_US |
| dc.subject | Economics, Theory | en_US |
| dc.title | Information, expectations and equilibrium: Trading volume hypotheses. | en_US |
| dc.type | text | en_US |
| dc.type | Dissertation-Reproduction (electronic) | en_US |
| dc.identifier.oclc | 704610236 | en_US |
| thesis.degree.grantor | University of Arizona | en_US |
| thesis.degree.level | doctoral | en_US |
| dc.contributor.committeemember | Atkins, Allen B. | en_US |
| dc.contributor.committeemember | Dyl, Edward A. | en_US |
| dc.identifier.proquest | 9100038 | en_US |
| thesis.degree.discipline | Business Administration | en_US |
| thesis.degree.discipline | Graduate College | en_US |
| thesis.degree.name | Ph.D. | en_US |
| dc.description.note | This item was digitized from a paper original and/or a microfilm copy. If you need higher-resolution images for any content in this item, please contact us at repository@u.library.arizona.edu. | |
| dc.description.admin-note | Original file replaced with corrected file August 2023. | |
| refterms.dateFOA | 2018-08-23T00:56:11Z | |
| html.description.abstract | In analyses of the relationship between information and price-volume reactions, the role of investor expectations is often considered implicitly. Not allowing investors to either disagree among each other or remain uninformed is a consequence of the assumption of a free and perfect information flow. A more flexible definition of information allows the observation that trading volume is an accurate reflector of investor expectations and contains valuable information about price movements. Trading volume is also used to empirically show the effects of imperfect information and the inappropriateness of the event study method. |
