The purpose of this study is to examine one of the most important issues in the Nile Stock Exchange which is the relationship between trading volume and stock returns of Small and medium-sized enterprises in Nile Stock Exchange.Taking sample contains of the tradeable 12 firms out of 16 firm...

This paper investigates the relation between stock returns and trading volume (as measured by turnover) in a small emerging market, i.e., the Egyptian Securities Exchange (ESE). We are interested in examining the power of stock trading volume in predicting future return. To this end, we use a...

This paper introduces Schumpeter's idea of creative destruction into asset pricing. The key point of our model is that small and value firms are more likely destroyed during technological revolutions, resulting into higher expected returns for these stocks. A two-factor model including market...