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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/64883

    Title: Electoral information in developed stock market: testing conditional heteroscedasticity in the market model
    Authors: Chuang, Chung-Chu;Wang, Yi-hsien
    Contributors: 淡江大學經營決策學系
    Date: 2010-04
    Issue Date: 2013-05-31 11:36:06 (UTC+8)
    Publisher: Abingdon: Routledge
    Abstract: This investigates the influence of major electoral information on abnormal returns around the announcement date in the developed stock market and examines whether these explanatory variables are associated with observed cumulative abnormal returns using a regression analysis. The analytical results demonstrate that average abnormal returns are significantly negative before the date of the announcement of the results of a general election, on days −6 and −3, and after that announcement date, on days +4, +6 and +10. This phenomenon can be attributed to hedging activity of the investors to reduce risk.
    Relation: Applied Economics 42(9), pp.1125-1131
    DOI: 10.1080/00036840701721117
    Appears in Collections:[Department of Management Sciences] Journal Article

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