| 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 | en |
| ISSN | 0003-6846 |
| 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 | GBR |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/64883 ) |
| SDGS | 優質教育 |
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