教師資料查詢 | 類別: 期刊論文 | 教師: 林建志 Lin, Chien-chin (瀏覽個人網頁)

標題:Can Investors Profit from the Stock Recommendations on the Journalism? Testing Conditional Heteroscedasticity in the Market Model
學年
學期
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
語言英文
ISSN1450-2887
期刊性質國外
收錄於
產學合作
通訊作者Lin, Chien-Chih
審稿制度
國別塞席爾
公開徵稿
出版型式電子版
相關連結
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