Proceedings of the International Conference on Economics and Banking 2015

Trading Activity as a Liquidity Measure In Indonesia Stock Exchanges

Authors
Erna Garnia, Rachmat Sudarsono, Dian Masyita, Ina Primiana
Corresponding Author
Erna Garnia
Available Online May 2015.
DOI
10.2991/iceb-15.2015.24How to use a DOI?
Keywords
trading activity, liquidity, clientele effect
Abstract

Trading activity that is indicated by the trading volume or the turnover is the measures of stock market liquidity. This paper presents a theoretical and empirical investigation of the relation between return and trading activity. As a consequence of clientele effect that relating the holding period and bid-ask spread, this paper shows that relation between return per unit price per unit time and trading activity, has a concave form similar as the relation between return per unit price per unit time and bid-ask spread. Based on the monthly data from Indonesia Stock Exchange for the period of 2008-2013, the proposed concept has been validated

Copyright
© 2015, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Economics and Banking 2015
Series
Advances in Economics, Business and Management Research
Publication Date
May 2015
ISBN
10.2991/iceb-15.2015.24
ISSN
2352-5428
DOI
10.2991/iceb-15.2015.24How to use a DOI?
Copyright
© 2015, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Erna Garnia
AU  - Rachmat Sudarsono
AU  - Dian Masyita
AU  - Ina Primiana
PY  - 2015/05
DA  - 2015/05
TI  - Trading Activity as a Liquidity Measure In Indonesia Stock Exchanges
BT  - Proceedings of the International Conference on Economics and Banking 2015
PB  - Atlantis Press
SP  - 166
EP  - 168
SN  - 2352-5428
UR  - https://doi.org/10.2991/iceb-15.2015.24
DO  - 10.2991/iceb-15.2015.24
ID  - Garnia2015/05
ER  -