A Study of Factors Influencing Foreign Share Holdings in the Taiwan Semiconductor Industry

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Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/84958

Title:	A Study of Factors Influencing Foreign Share Holdings in the Taiwan Semiconductor Industry
Authors:	Chao, Mu-Fen;Chen, Shing-Yau
Contributors:	淡江大學企業管理學系
Keywords:	Foreign Share Holdings;Semiconductor Industry;Panel Data
Date:	2012-01
Issue Date:	2013-03-27 15:58:00 (UTC+8)
Publisher:	Armonk: M.E. Sharpe, Inc.
Abstract:	As the semiconductor industry grows globally, the ability to attract investments and capital from foreign institutions continues to become more competitive. This paper examines the factors including stock indexes, macroeconomic variables, and company financial statistics which would influence the foreign investment ratio in the Taiwan semiconductor industry according to panel data from 2004 to 2009. The major findings of this study are that three types of variables have significant influence on foreign institution’s preference for firms in Taiwan. These findings could have important decision-making implications either for local investors who want to follow a foreign institution’s investment strategy, or for a firm’s financial managers who want to draw a foreign institution’s attention.
Relation:	Emerging Markets Finance & Trade 48(1), pp.153-170
DOI:	10.2753/REE1540-496X4801S110
Appears in Collections:	[Graduate Institute & Department of Business Administration] Journal Article

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