Editorial

摘要

I am happy to share with you that this issue 10.3 of Asia-Pacific Journal of Management Research and Innovation (APJMRI) has covered all the subject areas of management research. In total, we could narrow down only eight articles purely based on its quality and their relevance to fuel further research. Here is a snapshot of the selected articles. Indian stock market witnessed turmoil in recent times and this makes investors worried about their return on investment. Foreign Institutional Investment (FII) in stock market makes it even more unpredictable. The first article by Sushil Bajaj entitled, Sensitivity of Indian Stock Market vis-a-vis Price Volume Relationship in the Backdrop of FII examined the changes in the dynamic relationship between return registered by stocks and trading volume because of the changes in the flow of FII in the Indian stock market. His analysis evidences the significant role of trading volume in lessening volatility and also adjudges the Indian stock market highly inefficient due to the presence of volatility persistence. Moreover, his findings also assert that the amount of information contributed by stock return for the prediction of trading volume is far greater than the other way around and announce the study of stock return more worthful to predict the future kinetics of stock return as well as trading volume. Undoubtedly, this article will provide a platform to initiate fresh efforts in newly found areas.