教師資料查詢 | 類別: 期刊論文 | 教師: 林豐政 LIN FENG-JENG (瀏覽個人網頁)

標題:The Study of Stock Indexes Relationship between Taiwan and China Markets - Considering China Concept Stocks and Number of Significant Periods
學年100
學期1
出版(發表)日期2011/12/01
作品名稱The Study of Stock Indexes Relationship between Taiwan and China Markets - Considering China Concept Stocks and Number of Significant Periods
作品名稱(其他語言)
著者Lin, Feng-Jenq; Hsieh, Ming-Han
單位淡江大學統計學系
出版者Kumamoto: ICIC International
著錄名稱、卷期、頁數ICIC Express Letters 5(12), pp.4309-4314
摘要Owing to the more and more opening communication on cross-strait relations, the China Concept stock of Taiwan has become one of very hot issues in stock market recently. From the references of relationship among different stock index on cross-strait stock markets, very few of them discussed about the issues of intensity using number of significant periods in fixed lag period length or extracting the China Concept stock from the TAIEX index. Hence, in this paper, three stock indexes (TAIEX index, China Concept stock index and TAIEX index excluding China Concept stock), by fixed lag 6 period length to do the research on cross-strait stock markets for understanding the relationship intensity and as investment reference. From the results, it was found that (1) TAIEX significantly take the leading of SHBI and SZBI, and had a significant feedback interaction with SZCI, but no causal relationship with SHCI. (2) China Concept stock index have a strongly significant feedback interaction with SHBI, SZBI and SZCI; (3) TAIEX excluding China Concept stock have no causal relationship with SHBI, however, it weakly take the leading of SZBI and feedback interaction with SZCI. Accordingly, we could find out that China Concept stock indeed play a very important role on cross-strait stock markets and eventually, it becomes a communication bridge for both side financial markets.
關鍵字China Concept Stock
語言英文
ISSN1881-803X
期刊性質國外
收錄於EI
產學合作
通訊作者Lin, Feng-Jenq
審稿制度
國別日本
公開徵稿
出版型式紙本
相關連結
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