Information, expectations and equilibrium: Trading volume hypotheses.

Persistent Link:
http://hdl.handle.net/10150/185109
Title:
Information, expectations and equilibrium: Trading volume hypotheses.
Author:
Basu, Somnath.
Issue Date:
1990
Publisher:
The University of Arizona.
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.
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.
Type:
text; Dissertation-Reproduction (electronic)
Keywords:
Business Administration, Accounting; Economics, Finance; Economics, Theory
Degree Name:
Ph.D.
Degree Level:
doctoral
Degree Program:
Business Administration; Graduate College
Degree Grantor:
University of Arizona
Advisor:
Carleton, Willard T.

Full metadata record

DC FieldValue Language
dc.language.isoenen_US
dc.titleInformation, expectations and equilibrium: Trading volume hypotheses.en_US
dc.creatorBasu, Somnath.en_US
dc.contributor.authorBasu, Somnath.en_US
dc.date.issued1990en_US
dc.publisherThe University of Arizona.en_US
dc.rightsCopyright © 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.description.abstractIn 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.en_US
dc.typetexten_US
dc.typeDissertation-Reproduction (electronic)en_US
dc.subjectBusiness Administration, Accountingen_US
dc.subjectEconomics, Financeen_US
dc.subjectEconomics, Theoryen_US
thesis.degree.namePh.D.en_US
thesis.degree.leveldoctoralen_US
thesis.degree.disciplineBusiness Administrationen_US
thesis.degree.disciplineGraduate Collegeen_US
thesis.degree.grantorUniversity of Arizonaen_US
dc.contributor.advisorCarleton, Willard T.en_US
dc.contributor.committeememberAtkins, Allen B.en_US
dc.contributor.committeememberDyl, Edward A.en_US
dc.identifier.proquest9100038en_US
dc.identifier.oclc704610236en_US
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