教師資料查詢 | 類別: 期刊論文 | 教師: 莊忠柱 Chung-chu Chuang (瀏覽個人網頁)

標題:Electoral information in developed stock market: testing conditional heteroscedasticity in the market model
學年98
學期2
出版(發表)日期2010/04/01
作品名稱Electoral information in developed stock market: testing conditional heteroscedasticity in the market model
作品名稱(其他語言)
著者Chuang, Chung-Chu; Wang, Yi-hsien
單位淡江大學經營決策學系
出版者Abingdon: Routledge
著錄名稱、卷期、頁數Applied Economics 42(9), pp.1125-1131
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.
關鍵字
語言英文
ISSN0003-6846
期刊性質國外
收錄於SSCI
產學合作
通訊作者Wang, Yi-hsien
審稿制度
國別英國
公開徵稿
出版型式紙本
相關連結
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