Overconfidence, trading volume and liquidity effect in Asia’s Giants: evidence from pre-, during- and post-global recession

DECISION ◽  
2018 ◽  
Vol 45 (3) ◽  
pp. 235-257
Author(s):  
Suman Gupta ◽  
Vinay Goyal ◽  
Vinay Kumar Kalakbandi ◽  
Sankarshan Basu
Keyword(s):  
Trading Volume ◽  
Liquidity Effect ◽  
Global Recession

Index Revisions, Stock Liquidity and the Cost of Equity Capital

2018 ◽  
Vol 19 (4) ◽  
pp. 1072-1089
Author(s):  
Abdul Rahman ◽  
Prabina Rajib
Keyword(s):  
Firm Size ◽  
Trading Volume ◽  
Turnover Rate ◽  
Equity Capital ◽  
Liquidity Effect ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Stock Liquidity ◽  
Liquidity Measures ◽  
The Cost

This study examines the stock liquidity and cost of equity capital (COEC) effects around the CNX Nifty index revisions during the period 1998–2011. To examine these effects, the inclusion (exclusion) firms are compared with their matching peers. The stock liquidity effect has been examined by using distinct liquidity measures, such as trading volume, turnover rate and illiquidity ratio. The COEC effect has been examined with the help of cost of equity, stock liquidity, firm size, leverage and inclusion (exclusion) dummies. It was found that the stocks included to the CNX NIFTY were less liquid than their matching peers were, whereas the stocks excluded were experiencing more liquidity than their matching peers. Further, the study finds an increase in the COEC for the included firms and a decrease in the COEC for the excluded firms.

Conditions and possibilities for symbiosis of Russia with developed countries

2020 ◽  
Vol 26 (4) ◽  
pp. 815-834
Author(s):  
V.V. Smirnov
Keyword(s):  
Growth Rate ◽  
Systems Approach ◽  
Government Expenditure ◽  
Developed Countries ◽  
High Tech ◽  
Global Recession ◽  
Advanced Economies ◽  
Small Countries ◽  
And Cluster Analysis ◽  
Favorable Conditions

Subject. The article considers the symbiosis of Russia with developed countries. Objectives. The purpose is to identify conditions and possibilities for the symbiosis of Russia with advanced economies to establish a process of concentrated internationalization of financial capital for the market economy development completion, formation of full-fledged capitalism with stable dynamics of productive forces. Methods. The study rests on the systems approach, using the methods of descriptive statistics, neural network, nonparametric and cluster analysis. Results. The study reveals favorable conditions for the symbiosis of Russia with developed countries. They appear due to low requirements to the volume and connectivity of attracted high-tech capital. This enables to use the potential of small countries, motivating them to satisfy their ‘resource hunger’. Russia's transition to the said symbiosis is hindered by the policy of smooth devaluation of the national currency, which is used to increase the growth rate of total government expenditure and current GDP, and adversely affects the growth rate of gross national saving. Conclusions. The grounds for emergence of conditions and opportunities for the symbiosis of Russia with developed countries include the high values of financial development and low economic growth in Russia against the declining growth rates of the world economy and weakening of globalization process. The basis of Russia's symbiosis with developed countries is the mutually agreed necessity to internationalize capital in the form of investment financial institutions, which increase its concentration in production for the development of productive forces in conditions of the increasing risk of global recession.

Safe development of business and national economy in the face of a pandemic and global recession

2020 ◽  
Vol 16 (6) ◽  
pp. 1182-1198
Author(s):  
I.V. Vyakina
Keyword(s):  
Economic Security ◽  
Global Recession ◽  
Graphical Visualization ◽  
National Economic ◽  
Business Support ◽  
The Face ◽  
The Russian Federation ◽  
Business Entities ◽  
Visualization Techniques ◽  
The Impact

Subject. This article deals with the issues related to the national economic security of the State in today's conditions. Objectives. The article aims to develop a set of special measures for additional business support to reduce the impact of restrictions imposed against the background of quarantine and the pandemic spread, and which would help prevent collapse of business entities. Methods. For the study, I used the methods of theoretical, systems, logical, and comparative analyses, and tabular and graphical visualization techniques. Results. The article proposes possible measures to support business aimed at reducing the costs of business entities due to the restrictions caused by the pandemic, that complement and explain the activities proposed by the President and Government of the Russian Federation, taking into account the regional and municipal levels. Conclusions. The uncertain current situation requires constant adjustment and adaptation of public policy in accordance with specific circumstances. Ensuring the country's economic security and sustainability associates with creation of a business organization system that connects public administration tools and business support and development opportunities under the changed environment.

Uji Komparasi Abnormal Return, Trading Volume, Trading Frequency, Dan Bid-Ask Spread Sebelum Dan Sesudah Share Split

2016 ◽  
Vol 8 (2) ◽  
pp. 24-45
Author(s):  
Tania Hayu Safira ◽  
Febryanti Simon
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Stock Exchange ◽  
Distributed Data ◽  
Trading Frequency ◽  
Bid Ask Spread ◽  
Analysis Technique ◽  
Before And After ◽  
Test Of Hypothesis ◽  
Kolmogorov Smirnov

This study is event study that was conduct to examine the differences of abnormal return, trading volume, trading frequency and bid-ask spread before and after the events of share split. The object of this research is the companies that did share split and listed in Indonesia Stock Exchange in 2008 - 2015. The samples are 30 companies chosen by purposive sampling method. The criteria are the company did not do corporate action right issue, pre-emptive rights, a share dividend and bonus shares in the same year with share split. Event window used in this study was 30 days consisting of 15 days before and 15 days after the share split. Data analysis technique begins with a test of normality using Kolmogorov – Smirnov and transform for unnormally distributed data. Then, test of hypothesis using Paired t – test to compare the differences before and after share split. The results of this study showed that volume trading activity and trading frequency had significant differences before and after the share split. While, variable abnormal return and bid-ask spread had not significant differences before and after the share split. Keywords: Abnormal return, bid-ask spread, share split, trading frequency, trading volume.

Global recession risks and challenges to economic regulation

2020 ◽  
pp. 37-46
Author(s):  
E. Smirnov
Keyword(s):  
World Economy ◽  
Modern World ◽  
Economic Regulation ◽  
Present Stage ◽  
Global Inequality ◽  
Global Recession ◽  
Stage Of Development ◽  
Economic Balance ◽  
Key Aspects ◽  
Transformation Processes

At the present stage, the world economy is experiencing a difficult stage of development, which is determined by many factors, in particular, the dynamics of economic growth, the increase in global inequality, and the mixed influence of digital transformation processes. The article analyzed the main trends and risks of modern world economy development, as well as identified key aspects of multilateral regulation and restoration of economic balance on the international scale.

Mean Reversion of the Trading Volume

2019 ◽  
Vol 32 (2) ◽  
pp. 149-186
Author(s):  
Mhin Kang ◽  
◽  
Joon Chae
Keyword(s):  
Trading Volume ◽  
Mean Reversion

Trading Volume Liquidity and Investment Styles

2007 ◽  
Author(s):  
Jeff Brown ◽  
Douglas K. Crocker ◽  
Stephen R. Foerster
Keyword(s):  
Trading Volume ◽  
Investment Styles
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