Format:
40, [12] S.
,
graph. Darst.
Series Statement:
National Bureau of Economic Research 〈Cambridge, Mass.〉: NBER working paper series 7625
Content:
"We examine the implications of portfolio theory for the cross-sectional behavior of equity trading volume. Two-fund separation theorems suggest a natural definition for trading activity: share turnover...We find strong evidence against two-fund separation, and a principal-components decomposition suggests that turnover is well approximated by a two-factor linear model" -- Abstract.
Additional Edition:
Erscheint auch als Online-Ausgabe
Language:
English
URL:
Volltext
(kostenfrei)
Author information:
Lo, Andrew W. 1960-
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