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Trust and trading volume
- Authors
- Kim, Taejin
- Issue Date
- 10월-2021
- Publisher
- ELSEVIER SCIENCE SA
- Keywords
- Information precision; Portfolio choice; Social trust; Trading volume
- Citation
- ECONOMICS LETTERS, v.207
- Indexed
- SSCI
SCOPUS
- Journal Title
- ECONOMICS LETTERS
- Volume
- 207
- ISSN
- 0165-1765
- Abstract
- This study theoretically investigates the influence of social trust on the trading volume in asset markets. Trust influences how an investor interprets new information supplied by other agents in the market when they decide their portfolio allocation. First, this study shows that the relationship between trust and trading volume is not monotonic. Trading volume is maximized at an intermediate level of trust and minimized at its extreme values. Moreover, the relationship between the trading volume and precision of public signals that investors may trust is not always negative. (C) 2021 Elsevier B.V. All rights reserved.
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