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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/7507完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 廖咸興 | |
| dc.contributor.author | Wen-Ling Chen | en |
| dc.contributor.author | 陳玟伶 | zh_TW |
| dc.date.accessioned | 2021-05-19T17:45:11Z | - |
| dc.date.available | 2025-01-21 | |
| dc.date.available | 2021-05-19T17:45:11Z | - |
| dc.date.copyright | 2020-01-21 | |
| dc.date.issued | 2019 | |
| dc.date.submitted | 2020-01-17 | |
| dc.identifier.citation | Abarbanell, Jeffery S., Brian J. Bushee and Jana Smith Raedy (2003). Institutional Investor Preferences and Price Pressure: The Case of Corporate Spin‐Offs. The Journal of Business, 76(2), 233-261.
Badrinath, S. G., Gerald D. Gay and Jayant R. Kale (1989). Patterns of Institutional Investment, Prudence, and the Managerial 'Safety-Net' Hypothesis. The Journal of Risk and Insurance, The Journal of Business, 56(4), 605-629 Borochin, Paul and Jie Yang (2017). The effects of institutional investor objectives on firm valuation and governance. Journal of Financial Economics, 126(1), 171-199. Bushee, Brian J. (1998). The Influence of Institutional Investors on Myopic R&D Investment Behavior. The Accounting Review, 73(3), 305-333. Bushee, Brian J. and Theodore H. Goodman (2007). Which Institutional Investors Trade Based on Private Information About Earnings and Returns? Journal of Accounting Research, 45(2), 289-321. Chan, Louis K. C., Josef Lakonishok and Theodore Sougiannis (2001). The Stock Market Valuation of Research and Development Expenditures. The Journal of Finance, 56(6), 2431-2456. Dechow, Patricia M. and Ilia D. Dichev. (2002). The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors. The Accounting Review, 77, 35-59. Dechow, Patricia M., Richard G. Sloan and Mark T. Soliman (2004). Implied Equity Duration: A New Measure of Equity Risk. Review of Accounting Studies, 9(2-3), 197-228. Francis, Jennifer, Ryan LaFond, Per Olssona and Katherine Schipper (2005). The market pricing of accruals quality. Journal of Accounting and Economics, 39(2), 295-327. Gompers, Paul A. and Andrew Metrick (2001). Institutional Investors and Equity Prices. The Quarterly Journal of Economics, 116(1), 229-259. Guercio, Diane D. (1996). The distorting effect of the prudent-man laws on institutional equity investments. Journal of Financial Economics, 40(1), 31-62. Jiang, Guohua, Charles M. C. Lee and Yi Zhang (2005). Information Uncertainty and Expected Returns. Review of Accounting Studies, 10(2-3), 185-221. Kothari, S. P., Ted E. Laguerre and Andrew J. Leone (2002). Capitalization versus Expensing: Evidence on the Uncertainty of Future Earnings from Capital Expenditures versus R&D Outlays. Review of Accounting Studies, 7(4), 355-382. Lu, Chia-Wu, Tsung-Kang Chen and Hsien-Hsing Liao (2010). Information uncertainty, information asymmetry and corporate bond yield spreads. Journal of Banking & Finance, 34(9), 2265-2279. Petersen, Mitchell A. (2009). Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches. The Review of Financial Studies, 22(1), 435-480. Schwartz, Robert and James Shapiro (1992). The Challenge of Institutionalization of the Equity Market. Recent Developments in Finance, Anthony Saunders, ed. (New York Salomon Center, New York: 1992). Yan, Xuemin (Sterling) and Zhe Zhang (2009). Institutional Investors and Equity Returns: Are Short-term Institutions Better Informed? The Review of Financial Studies, 22(2), 893-924. Zhang, X. (2006). Information uncertainty and stock returns. The Journal of Finance, 61(1), 105-137. | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/7507 | - |
| dc.description.abstract | 過去文獻提出許多影響機構投資人行為之因素，而本研究專注於探討資訊不確定性程度是否會對不同類型之機構投資人持股行為產生影響。本研究蒐集了1983 年至 2015 年美國公司年資料，使用 panel 資料迴歸分析。實證結果發現，在加入控制變數後，資訊不確定性與主要投資在成長型股票的 GROWTH 型機構投資人持股成正向關係。而在加入 TRA 型分類後，資訊不確定性對同時分類為GROWTH 型及 TRA 型的機構投資人持股正向影響較大，對非 GROWTH 型及非TRA 型機構投資人持股轉為負向影響，且上述影響於金融海嘯後更為顯著。 | zh_TW |
| dc.description.abstract | This study investigates the effects of information uncertainty on share-holding behaviors of different types of institutional investor (GROWTH, Non-GROWTH, TRA & Non-TRA). The thesis empirical results based upon 1983-2015 US public companies data show that the information uncertainty has a significant positive effect on the share-holding behavior of GROWTH institutional investors. This positive relationship is robust after adding controlling variables. The positive effect of information uncertainty is more significant when investors have the characteristics of both
GROWTH and TRA type. The effect turned negative on Non-GROWTH and Non-TRA institutional ownership. | en |
| dc.description.provenance | Made available in DSpace on 2021-05-19T17:45:11Z (GMT). No. of bitstreams: 1 ntu-108-R06723039-1.pdf: 1340122 bytes, checksum: bd93fe76864ec1713224b19bb1ca9937 (MD5) Previous issue date: 2019 | en |
| dc.description.tableofcontents | 口試委員會審定書 .................. #
誌謝 ............................. i 摘要 ............................. ii Abstract ......................... iii 第一章 概述 ........................ 1 第二章 研究假說 .................... 5 第三章 研究樣本與研究方法............ 7 3.1 變數介紹 ....................... 7 3.1.1.主要解釋變數 .................. 7 3.1.2.被解釋變數 .................... 9 3.1.3.控制變數....................... 11 3.2 資料來源與樣本處理 ............... 12 3.3 敘述統計 ........................ 13 3.4 研究方法 ........................ 14 第四章 實證結果與分析 ................ 16 4.1 資訊不確定性與 GROWTH 型機構投資人持股關聯性之實證結果 . 16 4.2 資訊不確定性與四種不同類型機構投資人持股的關聯性之實證結果 ...... 18 4.3 實證額外發現–金融海嘯前後結果差異.. 20 第五章 結論 ......................... 21 參考文獻 ............................ 22 | |
| dc.language.iso | zh-TW | |
| dc.title | 資訊不確定性與不同類型機構投資人持股 | zh_TW |
| dc.title | Information Uncertainty and Different Types of Institutional Ownership | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 108-1 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 陳宗岡,郭慧如 | |
| dc.subject.keyword | 資訊不確定,機構投資人持股,GROWTH 型機構投資人,TRA 型機構投資人, | zh_TW |
| dc.subject.keyword | Information Uncertainty,Institutional Ownership,GROWTH Institutional Investor,TRA Institutional Investor, | en |
| dc.relation.page | 50 | |
| dc.identifier.doi | 10.6342/NTU201901841 | |
| dc.rights.note | 同意授權(全球公開) | |
| dc.date.accepted | 2020-01-20 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| dc.date.embargo-lift | 2025-01-21 | - |
| 顯示於系所單位： | 財務金融學系 | |
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| 檔案 | 大小 | 格式 | |
|---|---|---|---|
| ntu-108-1.pdf | 1.31 MB | Adobe PDF | 檢視/開啟 |
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