English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 56552/90363 (63%)
造訪人次 : 11824948      線上人數 : 139
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/18381


    題名: Political elections and foreign investor trading in South Korea's financial markets
    作者: Chiu, Chien-liang;Chen, Chun-da;Tang, Wan-wei
    貢獻者: 淡江大學財務金融學系
    關鍵詞: election;exchange rate;financial market;foreign direct investment;politics;Asia;Eastern Hemisphere;Eurasia;Far East;Korea;South Korea;World
    日期: 2005-09
    上傳時間: 2013-03-12 10:57:08 (UTC+8)
    出版者: Oxon: Routledge
    摘要: This article investigates the relationship between foreign investors’ trading behaviour and political election events in South Korea and the effect of the relationship on the financial markets via a bivariate GARCH (1,1) model analysis. The empirical results show that the KOSPI 200 index return (total trading volumes of spot) and the derivatives volume have a negative (positive) relationship for foreign investors. South Korea shifted to a free floating exchange rate system, however, it did not have an effect on foreign investors’ trading behaviour. In particular, foreign investors showed significant decrease in trading options contracts during the parliamentary election periods and the parliamentary elections stabilized derivatives trading volatility. It is evident from the results that the presidential elections create far more financial uncertainty in comparison to parliamentary elections.
    關聯: Applied Economics Letters 12(11), pp.673-677
    DOI: 10.1080/13504850500190097
    顯示於類別:[財務金融學系暨研究所] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    index.html0KbHTML153檢視/開啟
    index.html0KbHTML23檢視/開啟
    Political elections and foreign investor trading in South Korea's financial markets.pdf220KbAdobe PDF0檢視/開啟

    在機構典藏中所有的資料項目都受到原著作權保護.

    TAIR相關文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋