English  |  正體中文  |  简体中文  |  Items with full text/Total items : 51771/86989 (60%)
Visitors : 8369721      Online Users : 121
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/33629


    Title: 銷貨收入、盈餘與股利資訊對股價之影響 : 互補或替代效果
    Other Titles: The effect of revenue, earnings and dividend on stock returns : complement or substitute
    Authors: 林佑宗;Lin, Yu-tsung
    Contributors: 淡江大學會計學系碩士班
    黃志仁;Huang, Chih-jen
    Keywords: 收入;盈餘;股利;替代性;互補性;Revenue;Earnings;Dividend;Complement;Substitute
    Date: 2006
    Issue Date: 2010-01-11 04:21:53 (UTC+8)
    Abstract: 在財務資訊中,收入、盈餘與股利資訊皆具有資訊內涵,因此不同訊息之間,資訊內涵的重疊性以及較接近的發佈時點,會造成宣告效果產生交互影響。本研究之主要目的,在於比較收入、盈餘與股利訊息之間替代性和互補性,以了解投資人如何「接收、評估」這三種訊息,並反應在公司價值的認知上。
    本研究採用迴歸分析與事件研究兩種方法進行實證分析,並以1996年至2004年美國上市公司為研究對象。研究結果顯示:(一)根據迴歸分析的結果,三種資訊間並無明顯的替代或互補關係。(二)將樣本分組後的結果顯示,在某些情況下會產生互補或替代效果。整體而言,收入、盈餘與股利資訊是否存在互補或替代關係無一致結論,僅能從個別情況下觀察。
    In the financial information, revenue, earnings and dividends have information content. Both the similarity of information contents and the timing-adjoining of announcements induce the interaction between market effects. The purpose of this research is to identify the complementary and substitute effects between revenue, earnings and dividends announcements.
    This research uses data from year 1996 to 2004 in U.S security market and develops two methods for the study purpose: cross-sectional regression and event study. The results are as follows: 1.from the result of regression, they do not generate significant complement or substitute effects. 2.from the result of comparison across subsamples, they would generate complement or substitute in some conditions. As the whole, whether revenue, earnings and dividend have complement or substitute, we can not get a consistent conclusion. We only observe from different individual conditions.
    Appears in Collections:[會計學系暨研究所] 學位論文

    Files in This Item:

    File SizeFormat
    0KbUnknown156View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.


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