The Determinants of Taiwan Paper Industry Returns
| Autor: | LIU, YU-WEI, 劉育瑋 |
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| Rok vydání: | 2018 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 106 The purpose of this study is to investigate if the US dollar against the New Taiwan dollar exchange rate, TAIEX, crude oil price fluctuations and pulp price fluctuations affect the stock return of Taiwan's paper industry, in which we use the monthly data from January 2007 to December 2017 and take into account the structural change points and seasonal dummy variables. The results of the OLS least square method test shows that the change in the exchange rate of the US dollar against the New Taiwan dollar will affect the stock return rate of Huazhi and Rongcheng. The crude oil price fluctuations will affect the stock return rate of Shiin paper, and TAIEX will affect all companies’ stock return rate. In addition, pulp price fluctuations and seasonal changes have less impact on returns, implying that the price movement tends to be stable. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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