The event impacts of ECFA to'Taiwan 100'and'Taiwan 50'
| Autor: | Ying-shan Liu, 劉映姍 |
|---|---|
| Rok vydání: | 2011 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 99 This study use “Taiwan 100” and “Taiwan 50” to be the research samples by investigating the ECFA effect by Taiwanese market reaction. The purpose to study the effect of announcement and signing of the ECFA is to find out the possible difference of announcement and signing of the ECFA. We use event study to examine whether their stock price brings abnormal return in event period. Furthermore, we make a regression to measure what kind of factors will cause the cumulative abnormal return. The influence of announcement of ECFA indicates that the Taiwanese firms highly export and R&D to Mainland China will have higher positive cumulative abnormal return. On the contrary the higher marketing resources will have lower cumulative abnormal return. The interaction terms generate the significant effect of relationship between China concentration index and high export. The influence of signing of ECFA, Taiwanese firm with highly China concentration and marketing resources will gain more cumulative abnormal return. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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