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Purpose – The purpose of the paper is to investigate the price interrelationship between the Taiwanese and US financial markets. Design/methodology/approach – The trivariate GJR-GARCH (1,1) model and event study were employed to investigate volatility asymmetry and overreaction phenomenon,...
Persistent link: https://www.econbiz.de/10010814888
The main purpose of this paper is to study the effect on the stock price that a Taiwanese company may experience when announcing it is engaging in foreign direct investment in China. This study has been able to observe the influence of political risk on the FDI announcement effect during one of...
Persistent link: https://www.econbiz.de/10008507950
Purpose – The purpose of this paper is to investigate how stock characteristics influence investor trading behavior and psychological pitfalls. Design/methodology/approach – This study employs the methods of Solt and Statman (1989) and Kumar (2009) to examine investor trading activities....
Persistent link: https://www.econbiz.de/10014941208
Prior studies consistently indicate that the announcement of an increase in the debt ratio will be accompanied by a rise in the stock price. In attempting to examine the long-term stock returns following a substantial increase in debt, this study shows that the stock price could negatively react...
Persistent link: https://www.econbiz.de/10010618447
Stock price volatility increases in times of political crisis. In examining the effects of corporate governance and performance on price volatility and the market's overreaction during the political crisis triggered by the controversial Taiwan presidential election of 2004, our results show that...
Persistent link: https://www.econbiz.de/10008872279
The main purpose of this study is to examine the impact of strategic alliances on shareholder wealth while also considering the role of firm growth opportunity. By focusing on Taiwan Stock Exchange-listed firms that announced the formation of such alliances from 1996 to 2000, a sample of 140...
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