Trading Volume and Short Horizon Price Pattern: A Cross-Country Test on Three Behavioral Models

• Main Authors: Mclnish, T., DING, David K., Wongchoti, U.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Trading volume; price pattern; behavioral model; Asian Studies; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/725
• Institution: Singapore Management University

We provide a cross-country test on three theoretical models that might explain the relation between trading volume and short-horizon price pattern that gives rise to contrarian/momentum profits. Based on weekly returns of seven Pacific-Basin countries, including Japan, Taiwan, Korea, Hong Kong, Mala...