Expected return, volume, and mispricing
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2021.05.014
Abstract: Abstract We find that expected return is related to trading volume positively among underpriced stocks but negatively among overpriced stocks. As such, trading volume amplifies mispricing. Our results are robust to alternative mispricing and trading… read more here.
Keywords: return volume; volume; expected return; trading volume ... See more keywords