The Turnover Anomaly
碩士 === 國立中央大學 === 財務金融研究所 === 98 === We find that stocks with lower (higher) trading turnover have higher (lower) future returns over five years, and the low turnover premium is less likely associated with compensation for risk or liquidity hypothesis. If the turnover effect presents mispricing due...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/96004009859470954064 |