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2019 | OriginalPaper | Buchkapitel

Empirical Analysis on Price-volume Relation in the Stock Market of Shanghai and Shenzhen

verfasst von : Shih Yung Wei, Xiu-Wen Ye, Cheng-Yong Liu, Kuo-Chu Yang, Chih-Chun Hou

Erschienen in: Wireless Internet

Verlag: Springer International Publishing

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Abstract

In this paper, the Granger causality test is used to explore the price-volume relation of the Shenzhen Stock Exchange and the Shanghai Stock Exchange and the spillover effect during the consolidation and the bull market. The research results show that price occurs after trading volume regardless of the consolidation period or the period of entering bull market, and spillover effect is not significant during consolidation. After the stock exchanges entered the bull market the spillover effect is rather significant because the causality existed between the Shenzhen Stock Exchange and the Shanghai Stock Exchange due to stock index change.

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Titel: Empirical Analysis on Price-volume Relation in the Stock Market of Shanghai and Shenzhen
verfasst von: Shih Yung Wei
Xiu-Wen Ye
Cheng-Yong Liu
Kuo-Chu Yang
Chih-Chun Hou
Verlag: Springer International Publishing
Buch: Wireless Internet
Print ISBN: 978-3-030-06157-9

Electronic ISBN: 978-3-030-06158-6

Copyright-Jahr: 2019
DOI: https://doi.org/10.1007/978-3-030-06158-6_27

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