Griffin, John M.; Nardari, Federico; Stulz, Rene M. - Charles A. Dice Center for Research in Financial … - 2004
volume after ten weeks in 24 countries and to a
significant decrease in no country. The economic magnitude of the return …
In his review, Karpoff (1987) states that the two stylized empirical facts about the price-volume relation are that … scaled by an economy’s GDP as a measure of financial
development and the log of income per capita as a measure of economic …