Long-term Relationship between Political Behavior and Stock Market Return: New Evidence from Quantile Regression

淡江大學機構典藏 > 商管學院 > 企業管理學系暨研究所 > 期刊論文 > Item 987654321/55562

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/55562

Title:	Long-term Relationship between Political Behavior and Stock Market Return: New Evidence from Quantile Regression
Authors:	Wang, Yi-hsien;Hung, Jui-cheng;高秀學;Kao, Hsiu-hsueh;Shih, Kuang-hsun
Contributors:	淡江大學企業管理學系
Date:	2010-06
Issue Date:	2011-08-23 01:07:10 (UTC+8)
Publisher:	Springer Netherlands
Abstract:	The stock market is an extremely sensitive and comprehensive indicator of the fluctuating political climate as well as investor confidence. Therefore, in an era of fierce media competition, the long-term influence of political behaviors on the Taiwan stock market is an important issue. However, the traditional regression model can only describe the “average” influence of variables on rate of return rather than completely describe conditional distribution as in quantile regression, which also analyzes correlations between stock return and the congressional effect.
Relation:	Quality & Quantity: International Journal of Methodology 45(6), pp.1361-1367
DOI:	10.1007/s11135-010-9340-x
Appears in Collections:	[企業管理學系暨研究所] 期刊論文

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