Title: | The role of financial ratios in the variance of stock trading volume in emerging stock markets |
Author(s): | Phung Thai Minh Trang |
Keywords: | Emerging stock markets; Financial ratios; Fixed effects model; Random effects model; Stock trading volume; Vietnam |
Abstract: | The study used quarterly panel data of 6 years from 2010 to 2015 of all companies listed on both Vietnamese stock markets including the Ho Chi Minh City Stock Exchange and Ha Noi Stock Exchange, and on three leading industries consisting of insurance-banking, foodstuff, and real estate to explore the relationship among four key financial ratios and stock trading volume. Two models, fixed effects model (FEM) and random effects model (REM), with robust standard errors, were applied for this study. The key findings showed that earnings before tax on sales, debt on owner’s equity, and owner’s equity on total assets significantly influenced trading volume. |
Issue Date: | 2017 |
Publisher: | Informa UK Limited |
Series/Report no.: | Vol. 18, Issue 3 |
URI: | http://digital.lib.ueh.edu.vn/handle/UEH/56205 |
DOI: | http://dx.doi.org/10.1080/10599231.2017.1346408 |
ISSN: | 1528-6940 |
Appears in Collections: | INTERNATIONAL PUBLICATIONS
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