Electoral information in developed stock market: testing conditional heteroscedasticity in the market model

淡江大學機構典藏 > 商管學院 > 管理科學學系暨研究所 > 期刊論文 > Item 987654321/64883

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/987654321/64883

题名:	Electoral information in developed stock market: testing conditional heteroscedasticity in the market model
作者:	Chuang, Chung-Chu;Wang, Yi-hsien
贡献者:	淡江大學經營決策學系
日期:	2010-04
上传时间:	2013-05-31 11:36:06 (UTC+8)
出版者:	Abingdon: Routledge
摘要:	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.
關聯:	Applied Economics 42(9), pp.1125-1131
DOI:	10.1080/00036840701721117
显示于类别:	[管理科學學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
0003-6846_42(9)p1125-1131.pdf		130Kb	Adobe PDF	174	检视/开启
index.html		0Kb	HTML	70	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