Darbar, Salim; Deb, Partha - In: Applied Economics Letters 2 (1995) 5, pp. 144-147
Time series properties of daily trading volume are examined for 22 New York Stock Exchange (NYSE) firms. Previous studies have found that trading volume of certain financial assets have a unit root. The Phillips-Perron approach, which is robust to heteroskedasticity and non-normality, isused to...