Investigation of Causal Relationship between Stock Prices and Trading Volume using Toda and Yamamoto Procedure

Bajaj, Sushil; Dua, Vibha

doi:10.17015/ejbe.2014.014.09

Cited by 5 publications

(2 citation statements)

References 29 publications

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“…The trading volume and trading price is a significant positive impact on stock returns. These are similar to the previous study of Markowski (2020), Bajaj and Vibha (2014), , Narayan and Reddy (2017), and inverse results to the previous study of , Bloom and Jackson (2016), .…”

Section: Accept IVsupporting

confidence: 92%

Relationship between Stock Return, Trading Volume, and Trading Price of Agriculture Development Bank

Neupane¹,

Neupane²

2021

Pravaha

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The main objective of the study is to measure the causal relationship between stock return, trading volume, and the trading price of Agriculture Development bank. Descriptive research and casual comparative research designs have been used to analyze the study. The 11years panel data has been used. The 2104 observations are analyzed to draw a valid conclusion about the study. The descriptive model provides evidence of average stock return, trading volume, and price volatility. The investors of ADB faced high risk in stock investment during the 11 years. There is a significant positive relationship between them. Similarly, there is a positive and significant impact of trading volume and trading price on stock return.

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Section: Accept IVsupporting

confidence: 92%

Relationship between Stock Return, Trading Volume, and Trading Price of Agriculture Development Bank

Neupane¹,

Neupane²

2021

Pravaha

View full text Add to dashboard Cite

show abstract

“…Next, the following VAR models were generated for each differentiated area by applying an approach completely analogous to those of other works, such as [72,74,77,78,[89][90][91][92]:…”

Section: Resultsmentioning

confidence: 99%

The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach

2020

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Background: The analysis of the problems derived from globalization has become one of the most densely studied topics at the beginning of this millennium, as they can have a crucial impact on present and future sustainable development. This paper analyzes the differential patterns of globalization in four worldwide areas predefined by The World Bank (namely, High-, Upper-Middle-, Lower-Middle-, and Low-Income countries). The main objective of this work is to estimate the effect of globalization on some economic development indicators (specifically per capita income and public expenditure on health) in 217 countries over the period 2000–2016. Methods: Our empirical approach is based on the implementation of a novel econometric methodology: The so-called Toda–Yamamoto procedure, which has been used to analyze the possible causal relationships between the involved variables. We employ World Development Indicators, provided by The World Bank, and the KOF Globalization Index, elaborated by the KOF Swiss Economic Institute. Results: The results show that there is a causal relationship in the sense of Granger between globalization and public expenditure on health, except in High-Income countries. This can be interpreted both negatively and positively, confirming the double character of globalization, as indicated by Stiglitz.

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Predicting the cryptocurrency market using social media metrics and search trends during COVID-19

Mou,

Liu,

Guan

et al. 2024

Electron Commer Res

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Investigation of Causal Relationship between Stock Prices and Trading Volume using Toda and Yamamoto Procedure

Abstract: The present study probes

Cited by 5 publications

References 29 publications

Relationship between Stock Return, Trading Volume, and Trading Price of Agriculture Development Bank

Relationship between Stock Return, Trading Volume, and Trading Price of Agriculture Development Bank

The Effect of Globalization on Economic Development Indicators: An Inter-Regional Approach

Predicting the cryptocurrency market using social media metrics and search trends during COVID-19

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