Contemporaneous and asymmetric volume-return relationship: cross-product evidence from an emerging market
This paper demonstrates that both Taiwan’s exchange-traded funds (ETFs) and equities exhibit an asymmetric volume-return relationship in which the ETF display a mixed, negative or positive, asymmetry and the equity exhibits primarily a positive asymmetry. The positive asymmetry in equities and its d...
Main Author: | Jung-Chu Lin |
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Format: | Article |
Language: | English |
Published: |
LLC "CPC "Business Perspectives"
2016-03-01
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Series: | Investment Management & Financial Innovations |
Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7605/imfi_en_2016_01_Lin.pdf |
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