We find that daily trading volume, used as a proxy for information arrival time, has no significant explanatory power on the conditional volatility of daily returns.
研究结果认为，每日交易量作为每日信息到达时刻的代理变量对于中国股票市场每日收益的条件波动的解释力度不显著。
We find that daily trading volume, used as a proxy for information arrival time, has no significant explanatory power on the conditional volatility of daily returns.
研究结果认为，每日交易量作为每日信息到达时刻的代理变量对于中国股票市场每日收益的条件波动的解释力度不显著。
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