A Study of Factors Influencing Foreign Share Holdings in the Taiwan Semiconductor Industry
學年 100
學期 1
出版(發表)日期 2012-01-01
作品名稱 A Study of Factors Influencing Foreign Share Holdings in the Taiwan Semiconductor Industry
作品名稱(其他語言)
著者 Chao, Mu-Fen; Chen, Shing-Yau
單位 淡江大學企業管理學系
出版者 Armonk: M.E. Sharpe, Inc.
著錄名稱、卷期、頁數 Emerging Markets Finance & Trade 48(1), pp.153-170
摘要 As the semiconductor industry grows globally, the ability to attract investments and capital from foreign institutions continues to become more competitive. This paper examines the factors including stock indexes, macroeconomic variables, and company financial statistics which would influence the foreign investment ratio in the Taiwan semiconductor industry according to panel data from 2004 to 2009. The major findings of this study are that three types of variables have significant influence on foreign institution’s preference for firms in Taiwan. These findings could have important decision-making implications either for local investors who want to follow a foreign institution’s investment strategy, or for a firm’s financial managers who want to draw a foreign institution’s attention.
關鍵字 Foreign Share Holdings; Semiconductor Industry; Panel Data
語言 en
ISSN 1540-496X
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 趙慕芬
審稿制度
國別 USA
公開徵稿
出版型式 紙本
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