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Balamurugan, A, Harish, A and Gandhi, S (2019)

Application of Benford's Law on Stock Turnover

International Journal of Business and Management Invention (IJBMI) 8(01), pp. 63-67.

ISSN/ISBN: 2319 – 801X DOI: Not available at this time.

Abstract: This paper is study conducted on the existence of Benford Law. This paper tests the usage of this law on stock turnover of the shares in the Indian Stock Exchange. With the data available online from BSE, the stock turnover conforms to Benford Law. This paper studies four Indian stocks from the period 1998-2018. Based on the data analysed, it can be concluded that: the four stocks studied obeys the Benford Law. KEYWORDS: Benford Law, Share Turnover, Indian Stock Exchange, BSE

@article{, author = {Akaash Balamurugan and Apthi Harish and Siddharth Gandhi}, year = {2019}, title = {Application of Benford's Law on Stock Turnover}, journal = {International Journal of Business and Management Invention}, volume = {8}, number = {01}, pages = {63--67}, url = {}, }

Reference Type: Journal Article

Subject Area(s): Accounting, Economics