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Title: | 原油價格對股市報酬的影響-以臺灣上市產業別為例 The Impact of the oil Price on Stock Returns: Evidence in Taiwan Stock Industry |
Authors: | Cheng-Ian Sio 蕭正仁 |
Advisor: | 廖咸興 |
Keyword: | 油價,股票市場,滯後效應, Oil price,Stock market,lagged effect, |
Publication Year : | 2013 |
Degree: | 碩士 |
Abstract: | 本篇文章目的是研究在2001年至2011年間,以臺灣股票市場產業類的方式,探討國際原油價格對其報酬所造成的影響,並對國內已受政府補貼的中油價格來進行比較,到底經政府補貼後的國內油價是否對產業的衝擊會有不一樣的影響?從而讓臺灣在往後的油價補貼政策上提供重要的參考基礎;另外,本文亦會探討油價的波動是否對臺灣股市報酬的影響存在滯後效應(Lagged-Effect),因而可檢測臺灣股票市場的效率性。 The purpose of this paper is to examine how international and domestic oil price impact the stock return in each industry listed on the Taiwan stock market respectively from 2001 to 2011 and investigate the extent of impact of the domestic oil price subsidies by Taiwan Government upon each industry in order to provide an important reference basis for the future policies of oil subsidy. In addition, this paper will explore whether the changes in oil prices will bring a lagged effect upon the return in Taiwan's stock market, so that its efficiency can be examined. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/62454 |
Fulltext Rights: | 有償授權 |
Appears in Collections: | 財務金融學系 |
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File | Size | Format | |
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ntu-102-1.pdf Restricted Access | 1.73 MB | Adobe PDF |
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