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Shared Analyst Coverage and Connected-Firm Momentum Spillover in China
Jiang, Danling; Peng, Xun; Zhu, Hongquan - 2022
firms after controlling for the industry and geographic momentum effects. After CF return is controlled, industry and … geographic momentum effects become weaker or insignificant. Further evidence suggests the CF momentum spillover effect is related … to limited attention of both analysts and investors. Our findings contribute to the cross-asset momentum literature by …
Persistent link: https://www.econbiz.de/10013405840
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Causality between stock volatility and macroeconomic volatilities in Taiwan
Chen, Yenpao - 1999
Persistent link: https://www.econbiz.de/10001506368
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Testing the Long-Run Neutrality of Money:The Case of Japan, South Korea and Taiwan
Chen, Shyh-Wei; Hsu, Wen-Lin - In: Journal of Economics and Management 5 (2009) 1, pp. 1-27
This paper examines the short-run and long-run neutrality of money using methodology suggested by King and Watson (1997) on quarterly data from South Korea and Taiwan (King and Watson (1997), Testing Long-Run Neutrality, Federal Reserve Bank of Richmond Economic Quarterly, 83(3), 69-103). A body...
Persistent link: https://www.econbiz.de/10008555932
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Social Welfare Expenditure, Human Capital, and Economic Growth: Evidence from Taiwan
Lee, Chien-Chiang; Chang, Chun-Ping - In: Journal of Economics and Management 3 (2007) 2, pp. 225-247
Can extending social welfare expenditures promote economic growth? This issue has been discussed extensively, with some research pointing to net benefits while others find a net negative impact. Insight can be gained by careful analysis of several sub-questions. For example, for two countries...
Persistent link: https://www.econbiz.de/10008555977
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持有成本与期货最优套期保值 (The Cost of Carry and the Optimal Hedge in Futures Market)
Chen, Deng-Ta - 2018
futures are not treated as financial derivatives, naïve hedge outperforms complex models. If the futures pricing theory is …
Persistent link: https://www.econbiz.de/10012930120
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Asset Pricing - A Brief Review
Li, Minqiang - 2010
asset pricing model (CAPM), the arbitrage pricing theory (APT), the consumption capital asset pricing model (CCAPM), the …
Persistent link: https://www.econbiz.de/10015221381
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The Motivations of Issuing Convertible Bonds - An Inquiry regarding the Sequential-Financing Hypothesis
Chen, Chun-Da; Hung, Fu-Pin; Chen, Dar-Hsin; Lin, Hsin-Ho - In: Journal of Economics and Management 4 (2008) 2, pp. 229-250
The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances from firms listed on the Taiwan Stock Exchange from 1994 to 2003. The results contend that announcements of convertible debt offerings are, on average, associated with...
Persistent link: https://www.econbiz.de/10008541454
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The Policy Effects of Lifting the Short-Sale Price Restriction on Stock Price Behaviors
Chan, Shih-Ju; Lin, Ching-Chung; Kuo, Wen-Hsiu - In: Journal of Economics and Management 4 (2008) 2, pp. 203-228
The restriction of short-sale prices, which stated that short-sale prices must not be lower than the closing price of the previous trading day, no longer applies to the constituent stocks of the Taiwan Top 50 Index. This study investigates the abnormal returns and volatility changes of those...
Persistent link: https://www.econbiz.de/10008555948
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半均衡定价 : CAPM 公式 (Semi-Equilibrium Pricing: The CAPM Formula)
Chen, Deng-Ta - 2021
Chinese abstract: 我们发现了半均衡定价方法，它先求解投资者的最优组合，这一步与均衡定价方法一致，但半均衡定价的第二步只使用市场出清条件的一部分而不是全体约束。据此，我们揭示了 CAPM...
Persistent link: https://www.econbiz.de/10013246008