Theoretical and Applied Economics
No. 11 / 2008 (528)
The Impact of Trades on Daily Volatility: an Empirical Study for Romanian Financial Investments Funds
Lucian Tatu
Andreea Stoian
Academy of Economic Studies, Bucharest
Abstract. The aim of this paper is to investigate the relationship between trade volume, number of transaction and daily volatility for Romanian Financial Investments Funds. There is a large debate on this topic. The empirical results of previous literature showed that there is a strong relationship between these varables. Using OLS regressions we found that trade volume has a larger impact on daily volatility compared to the influence of number of transactions which could be considered as a proxy for liquidity.
Contents
Towards a Comprehensive Policy on Entrepreneurship Education in the European Higher Education
The Labour Mobility in the European Union: Economic and Social Determinants
The Impact of Trades on Daily Volatility: an Empirical Study for Romanian Financial Investments Funds
The Impossibility of a Paretian Libertarian: a Solution through the Imposition of a Rationality Condition on Individual Preferences on Conjunct Alternatives
Application of Discriminant Analysis on Romanian Insurance Market
Environment Protection and Implementation of its Policies in Romania
An Analysis of the Romanian General Accounting Plan. Opportunities for Adaptation to the Activity-Based Costing (ABC) Method
Productivity and Performance through Marketing Planning