淡江大學機構典藏:Item 987654321/64967
English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 56732/90513 (63%)
造访人次 : 12068055      在线人数 : 125
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻


    jsp.display-item.identifier=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/987654321/64967


    题名: The Impacts of Warrants Issuance on the Price and Trading Volumes of the Underlying Stock: The Call Warrants Case of Taiwan Stock Exchange
    作者: Chuang, Chung-chu;Chuang, Shuo-li
    贡献者: 淡江大學經營決策學系
    关键词: Warrants;Hedging Effect;Price Manipulation/Information Leakage Effect;Event Study Method
    日期: 2005-03
    上传时间: 2011-10-20 16:14:33 (UTC+8)
    出版者: Taipei : Graduate Institute of Management Science, Tamkang University
    摘要: This paper is to investigate the impacts of derivative warrants issuance from January, 1997 to April, 2001 on both price and trading volumes of underlying stock around the announcement date in Taiwan stock market. The findings on price and trading volumes behaviors suggest that there may be substantial purchases of the underlying stock by the issuers at one day before the announcement date of derivative warrants issuance for meeting the hedging demand, and there may be substantial purchases of the underlying stock by the issuer/informed-trader for the last 10 minutes prior to market closure on the announcement date of derivative warrants issuance for meeting price manipulating/information leaking demands. Nevertheless, the findings on price and trading volumes also suggest that there may convey an unfavorable signal about the reactions to the issuers' perception of future performance of the underlying stock by the public investors during two days after the announcement date of derivative warrants issuance, which underlying stock underperforms the whole market.
    關聯: International Journal of Information and Management Sciences 16(1), pp.17-34
    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
    index.html0KbHTML135检视/开启
    index.html0KbHTML123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

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