Abstrak 
Trading Activity as a Liquidity Measure In Indonesia Stock Exchange
Trading Activity as a Liquidity Measure In Indonesia Stock Exchange
Erna Garnia, Rachmat Sudarsono, Dian Masyita, Ina Primiana
Universitas Padjadjaran, First International Conference on Economics and Banking (ICEB-15) 2015. Published by Atlantis Press
Bahasa Inggris
Universitas Padjadjaran, First International Conference on Economics and Banking (ICEB-15) 2015. Published by Atlantis Press
clientele effect, liquidity, trading activity
Erna Garnia, Rachmat Sudarsono, Dian Masyita, Ina Primiana
Universitas Padjadjaran, First International Conference on Economics and Banking (ICEB-15) 2015. Published by Atlantis Press
Bahasa Inggris
Universitas Padjadjaran, First International Conference on Economics and Banking (ICEB-15) 2015. Published by Atlantis Press
clientele effect, liquidity, trading activity
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.
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