公司對大陸投資與股價同步性
| Autor: | Sylvia Chou, 周月霞 |
|---|---|
| Rok vydání: | 2016 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 104 We argue that international geographic diversification make firms less sensitive to the impact of industry and general market in home country. Thus, firms invest more in Mainland China would reduce their price synchronicity. Using a sample of companies listed on the Taiwan Stock Exchange over 2001–2014, this paper investigates the effects of investment in Mainland China on firms’ price synchronicity. The result shows that firms with more investment in Mainland China have lower price synchronicity. In addition, we find that foreign and domestic institutional ownership, leverage, and R&D expenditures are negatively related to price synchronicity. Our analysis also shows that large firms tend to have higher price synchronicity. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|