期刊論文

標題 The Impact of Second Generation National Health Insurance on Stock Prices- based upon Supplementary Premium Charges on Dividend Income
學年 105
學期 1
出版(發表)日期 2016/12/20
作品名稱 The Impact of Second Generation National Health Insurance on Stock Prices- based upon Supplementary Premium Charges on Dividend Income
作品名稱(其他語言)
著者 Ku-Jun Lin; Hai-Ming Chen; Hsiu-Mei Chen; Wen-Chen Lo
單位
出版者
著錄名稱、卷期、頁數 Asia Journal of Finance & Accounting 8(2), pp.205-227
摘要 The purpose of this study is to explore the influences of second generation National Health Insurance (NHI) on the stock prices of listed companies in Taiwan. We employed the Event Study methodology to analyze the impact on listed companies’stock prices during the period of NHI Act amendment. Moreover, with a seemingly unrelated regression model, we discovered whether or not the new National Health Insurance system exerts different influences on different industries. The main results are as follows. First, the second generation NHI affects the stock prices of listed companies during the NHI act revision period. Secondly, the second generation NHI has different influences on industries. One possible reason is that the second generation NHI’s charges of supplementary premium on dividend income makes investors feel pessimistic about this new insurance policy. This issue alters investment decisions and has a negative influence on Building Material and Construction Industry.
關鍵字 National Health Insurance;Second Generation National Health Insurance;Event Study;Seemingly Unrelated Regression
語言 英文(美國)
ISSN 1946-052x
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度
國別 美國
公開徵稿
出版型式 ,電子版,紙本