THE EFFECT OF ASYMMETRIC INFORMATION ON STOCK RETURNS AND VOLUME OF TRANSACTIONS IN SELECTED COMPANIES OF TEHRAN STOCK EXCHANGE (APPROACH OF PROBABILITY OF INFORMED TRADING)

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

ZAMANIAN GHOLAMREZA; JALALI OM OLBANIN; KORDI TAMNADANI AMIN

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Financial Economics Year:2018 | Volume:11 | Issue:41 Page(s): 43-66

Download Full-Text

Persian Verion

View:

1,120

Download:

Cites:

Information Journal Paper

Title

THE EFFECT OF ASYMMETRIC INFORMATION ON STOCK RETURNS AND VOLUME OF TRANSACTIONS IN SELECTED COMPANIES OF TEHRAN STOCK EXCHANGE (APPROACH OF PROBABILITY OF INFORMED TRADING)

Author(s)

ZAMANIAN GHOLAMREZA | JALALI OM OLBANIN | KORDI TAMNADANI AMIN | Issue Writer Certificate

Keywords

INFORMATION ASYMMETRYQ1

STOCK RETURNSQ2

TRADING VOLUMESQ2

PROBABILITY OF INFORMED TRADING MODELQ1

Abstract

INFORMATION ASYMMETRY is an important factor that can have a huge impact on financial markets. One of effecting place is STOCK RETURNS and volume of transactions in stock market companies that the amount of impact it needs to be investigated. In this regard, the present study has investigated this issue using the Probability of Informed Trading (PIN) model. The results of the study showed that asymmetry of information in general have a positive effect on stock return, which also affects stock market turbulence. On the other hand, the probability of new and good news (which is a measure of PIN) affects the growth rate of trading volume, which has had a positive effect on INFORMATION ASYMMETRY on TRADING VOLUMES. Finally, the turbulence of trading volume has a negative effect on INFORMATION ASYMMETRY.

Cites

No record.

References

No record.

Cite

APA: Copy

ZAMANIAN, GHOLAMREZA, JALALI, OM OLBANIN, & KORDI TAMNADANI, AMIN. (2018). THE EFFECT OF ASYMMETRIC INFORMATION ON STOCK RETURNS AND VOLUME OF TRANSACTIONS IN SELECTED COMPANIES OF TEHRAN STOCK EXCHANGE (APPROACH OF PROBABILITY OF INFORMED TRADING). JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 11(41 ), 43-66. SID. https://sid.ir/paper/229150/en

Vancouver: Copy

ZAMANIAN GHOLAMREZA, JALALI OM OLBANIN, KORDI TAMNADANI AMIN. THE EFFECT OF ASYMMETRIC INFORMATION ON STOCK RETURNS AND VOLUME OF TRANSACTIONS IN SELECTED COMPANIES OF TEHRAN STOCK EXCHANGE (APPROACH OF PROBABILITY OF INFORMED TRADING). JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2018;11(41 ):43-66. Available from: https://sid.ir/paper/229150/en

IEEE: Copy

GHOLAMREZA ZAMANIAN, OM OLBANIN JALALI, and AMIN KORDI TAMNADANI, “THE EFFECT OF ASYMMETRIC INFORMATION ON STOCK RETURNS AND VOLUME OF TRANSACTIONS IN SELECTED COMPANIES OF TEHRAN STOCK EXCHANGE (APPROACH OF PROBABILITY OF INFORMED TRADING),” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 11, no. 41 , pp. 43–66, 2018, [Online]. Available: https://sid.ir/paper/229150/en

Related Journal Papers