請用此 Handle URI 來引用此文件：
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/87967完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳彥行 | zh_TW |
| dc.contributor.advisor | Yan-Shing Chen | en |
| dc.contributor.author | 張文豪 | zh_TW |
| dc.contributor.author | Wen-Hao Chang | en |
| dc.date.accessioned | 2023-08-01T16:08:10Z | - |
| dc.date.available | 2023-11-09 | - |
| dc.date.copyright | 2023-08-01 | - |
| dc.date.issued | 2023 | - |
| dc.date.submitted | 2023-07-04 | - |
| dc.identifier.citation | Carhart, M.M., 1997, On persistence in mutual fund performance, Journal of Finance, 52, 57-82.
Chaney, T., Sraer, D., Thesmar, D., 2012, The collateral channel: How real estate shocks affect corporate investment, American Economic Review 102, 2381-2409. Covel, J.D., Moskowitz, T.J., 1999, Home bias at home: Local equity preference in domestic portfolios, Journal of Finance 54, 2045-2073. Dai, A., 2011, Drought under global warming: a review, WIREs Climate Change 2, 45-65. Fama, E.F., French, K.R., 1992, The cross‐section of expected stock returns, Journal of Finance 47, 427-465. Fama, E.F., MacBeth, J.D., 1973, Risk, return, and equilibrium: Empirical tests, Journal of Political Economy 81, 607-636. Hong, H., Li, F.W., Xu, J., 2019, Climate risk and market efficiency, Journal of Econometrics 208, 265-281. Huynh, T.D., Nguyen, T.H., Thruong, C., 2020, Climate risk: The price of drought, Journal of Corporate Finance 65, 101750. Ivković, Z., Weisbenner, S., 2004, Information diffusion effects in individual investors' common stock purchases: Covet thy neighbors' investment choices, The Review of Financial Studies 20, 1327-1357. Javadi, S., Masum, A.A., 2021, The impact of climate change on the cost of bank loans, Journal of Corporate Finance 69, 102019. Sharpe, W.F., 1964, Capital Asset Prices: A Theory of market equilibrium under conditions of risk, Journal of Finance 19, 425-442. Siddik, M.A.B, Shehabi, A., Marston1, L., 2021, The environmental footprint of data centers in the United States, Environmental Research 16, 064017. Palmer, W.C., 1965, Meteorological drought, U.S. Department of Commerce, Weather Bureau, Research Paper No. 45. Pirinsky, C., Wang, Q., 2006, Does corporate headquarters location matter for stock returns? Journal of Finance 61, 1991-2015. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/87967 | - |
| dc.description.abstract | 本研究主要探討投資人是否擔心處於長期乾旱趨勢嚴重地區的公司有較高的營運風險，因而要求較高之股票報酬率，採用1990年2月至2021年12月在美國NYSE、AMEX及Nasdaq交易所交易的公司進行分析。迴歸結果顯示處在長期乾旱趨勢嚴重地區的公司股票月報酬率顯著較其他地區的公司高，而且於樣本晚期2010年2月至2021年12月結果更為顯著。但此效果對於需要大量用水的公司並無更加強烈。 | zh_TW |
| dc.description.abstract | This study examines whether investors are concerned about the higher operational risks of companies located in areas with severe long-term drought conditions and therefore demand higher stock returns for these firms. Using a sample of companies traded on the NYSE, AMEX, and Nasdaq exchanges in the U.S. from February 1990 to December 2021, I find that the monthly stock returns of companies located in regions with severe long-term drought conditions are significantly higher than those of companies in other regions, especially during the sample period from February 2010 to December 2021. However, this effect is not stronger for companies in water-intensive industries. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2023-08-01T16:08:10Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2023-08-01T16:08:10Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 口試委員會審定書……………………………………………………. i
誌謝……………………………………………………………………. ii 中文摘要……………………………………………………………… iii 英文摘要……………………………………………………………… iv 目錄……………………………………………………………………. v 第一章 緒論.………………………………………………………… 1 第二章 研究假說……………………………………………………. 3 第三章 研究方法……………………………………………………. 5 第一節 研究樣本……………………………………………….. 5 第二節 衡量長期乾旱趨勢…………………………………… 5 第三節 實證模型……………………………………………… 6 第四章 實證結果與分析……………………………………………. 9 第一節 樣本敘述統計分析…………………………………….. 9 第二節 迴歸結果分析………………………………………… 9 第三節 依用水量分組之迴歸結果分析……………………… 10 第五章 結論與建議…..……………………………………………. 13 參考文獻………………………………………………………….…… 14 圖表……………………………………………………………………. 16 | - |
| dc.language.iso | zh_TW | - |
| dc.title | 乾旱趨勢對美股報酬率的影響 | zh_TW |
| dc.title | The impact of drought trend on the returns of US stocks | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 111-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 廖咸興;陳宗岡 | zh_TW |
| dc.contributor.oralexamcommittee | Hsien-Hsing Liao;Tzung-Kang Chen | en |
| dc.subject.keyword | 長期乾旱趨勢,股票報酬率,大量用水產業, | zh_TW |
| dc.subject.keyword | long-term drought trends,stock returns,water-intensive industries, | en |
| dc.relation.page | 26 | - |
| dc.identifier.doi | 10.6342/NTU202301292 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2023-07-05 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 財務金融學系 | - |
| 顯示於系所單位： | 財務金融學系 | |
文件中的檔案：
| 檔案 | 大小 | 格式 | |
|---|---|---|---|
| ntu-111-2.pdf 目前未授權公開取用 | 1.7 MB | Adobe PDF |
系統中的文件，除了特別指名其著作權條款之外，均受到著作權保護，並且保留所有的權利。