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Nonlinear Market Dynamics Between Stock Returns And Trading Volume: Empirical Evidences From Asian Stock Markets

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  • Robin N. WIDGERY
  • Madhukar ANGUR

    (Social Systems Research, Institute 1176 Robert T. Longway Blvd., Flint, Michigan 48503)

Abstract

About one thousand adults (1,030) in a major city in Michigan, USA were interviewed about their city experience, including their levels of satisfaction with neighborhood quality of life and with the quality of race relations in the city generally. One hundred ten (110) variables were included in the questionnaire to examine satisfaction with the quality of life (QOL) in the neighborhood and the city-at-large. Race relations in the city were found to be important intervening variable of satisfaction with overall quality of city life among White residents, but not among Blacks. Also, satisfaction with racial mix of neighborhood was found to be a significant intervening variable between satisfaction with various aspects of neighborhood life and overall satisfaction with neighborhood QOL for the White sample, but not the Black. Satisfaction with neighborhood QOL was found to be a significant intervening variable between conditions in the neighborhood and satisfaction with the QOL in the city at-large for both Blacks and Whites. Interpretations of these findings are offered.

Suggested Citation

  • Robin N. WIDGERY & Madhukar ANGUR, 2009. "Nonlinear Market Dynamics Between Stock Returns And Trading Volume: Empirical Evidences From Asian Stock Markets," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 602-620, November.
  • Handle: RePEc:aic:journl:y:2009:v:56:p:602-620
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    References listed on IDEAS

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    1. Grzeskowiak, Stephan & Sirgy, M. Joseph & Widgery, Robin, 2003. "Residents' Satisfaction with Community Services: Predictors and Outcomes," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 33(2), pages 1-36.
    2. Blomquist, Glenn C & Berger, Mark C & Hoehn, John P, 1988. "New Estimates of Quality of Life in Urban Areas," American Economic Review, American Economic Association, vol. 78(1), pages 89-107, March.
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