Does Microtherm Boost Pharmaceutical Companies’ Market Capitalization Returns?

淡江大學機構典藏 > 商管學院 > 財務金融學系暨研究所 > 期刊論文 > Item 987654321/115573

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/115573

题名:	Does Microtherm Boost Pharmaceutical Companies’ Market Capitalization Returns?
作者:	Yu-Sheng Kao, Hao-Yang Sun, Nieh, Chien-Chung and Kai Zhao
关键词:	Microtherm;pharmaceutical stocks;threshold model;GJR-GARCH model
日期:	2017-08-30
上传时间:	2018-11-15 12:10:22 (UTC+8)
摘要:	The purpose of this study was to survey the relationship between the temperature factors and market capitalization returns of pharmaceutical companies by analysing both the daily and weekly frequency data in Taiwan. The threshold regression model with the GJR-GARCH process was applied for examination in this study; we found that pharmaceutical companies’ market capitalization returns could be boosted after exposure to extremely low temperatures for a period of time. Besides, the delayed effect of cold weather is demonstrated to exist. This phenomenon can be illustrated by epidemiological evidence-related mental factors, not by traditional behavioural finance. Moreover, lower weekly average temperatures are beneficial for investors to gain weekly pharmaceutical companies’ market capitalization returns. We are of the opinion that our findings offer an insightful suggestion for investors to buy pharmaceutical stocks at an opportune moment.
關聯:	Applied Economics 50(14), p.1522-1535
DOI:	10.1080/00036846.2017.1368988
显示于类别:	[財務金融學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML	152	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章