期刊論文
| 學年 | 98 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2009-11-01 |
| 作品名稱 | Can Investors Profit from the Stock Recommendations on the Journalism? Testing Conditional Heteroscedasticity in the Market Model |
| 作品名稱（其他語言） | |
| 著者 | Lin, Chien-Chih; Lin, Feng-Teng; Wang, Yi-Hsien |
| 單位 | 淡江大學財務金融學系 |
| 出版者 | Seychelles: EuroJournals Publishing Inc. |
| 著錄名稱、卷期、頁數 | International Research Journal of Finance and Economics 33, pp.111-119 |
| 摘要 | This study employs an event study using the market model with conditional heteroscedasticity to investigate the effects of media recommendations on the performance of electronics companies listed on the Taiwan Stock Market. The empirical results confirm that investors obtain significantly abnormal returns following different types of information around the announcement date when the news is released. These analytical results provide evidence that the stock market information is frequently leaked in advance of the announcement date and the investors generally adopt a conservative strategy following the release of information regarding a recommended stock. |
| 關鍵字 | GARCH; Recommendatory Stock; Abnormal Return; Event Study |
| 語言 | en |
| ISSN | 1450-2887 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | Lin, Chien-Chih |
| 審稿制度 | 是 |
| 國別 | SYC |
| 公開徵稿 | |
| 出版型式 | 電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/58393 ) |