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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/36407Full metadata record
| ???org.dspace.app.webui.jsptag.ItemTag.dcfield??? | Value | Language |
|---|---|---|
| dc.contributor.advisor | 胡星陽(Shing-Yang Hu) | |
| dc.contributor.author | Teng-wei Huang | en |
| dc.contributor.author | 黃騰緯 | zh_TW |
| dc.date.accessioned | 2021-06-13T07:59:45Z | - |
| dc.date.available | 2011-08-31 | |
| dc.date.copyright | 2011-07-26 | |
| dc.date.issued | 2011 | |
| dc.date.submitted | 2011-07-20 | |
| dc.identifier.citation | 1. Foerster &Karolyi, 1999, The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the U.S.
2. Craig Doidge, G. Andrew Karolyi, Rene M. Stulz, 2002, Why are foreign firms listed in the U.S. worth more? 3. Andrew Karolyi, 2005, The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom 4. Craig Doidge, G. Andrew Karolyi, and René M. Stulz, 2009, Why do foreign firms leave U.S. equity markets? 5. 周介華，1992，海外存託憑證之制度與實證--中鋼GDR之個案分析 6. 洪裕弘，1997，台灣企業在海外上市對原公司股票之影響 7. 邱建智，2010，台灣存託憑證與原標的股間波動效果之研究 8. 沈中華，李建然「事件研究法」，2000，華泰文化出版 9. 台灣證券交易所網站 http://www.twse.com 10. 公開資訊觀測站 http://mops.twse.com.tw 11. 台灣經濟新報資料庫 | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/36407 | - |
| dc.description.abstract | 最近幾年來，境外公司來台或回台發行台灣存託憑證(TDR)蔚為風潮，而市場上時見傳言，在TDR上市前存在著原上市地公司股價被炒作的現象。本文即探討發行的事件對於該公司在第一上市市場的股價的影響。本文蒐集至二零一一年三月十一日為止的上市資料，並進行事件研究法發現，藉由無母數方法，統計上的確可能支持TDR的發行前對原股股價的正面影響的現象。股價的正面影響可能是在台灣市場上市具備了先前ADR的研究發現的一些優點，抑或是市場的投機行為；然而由於在上市之後的TDR股價有傾向下跌的現象，因此發行之前的股價上漲可能部分源自於市場短期的投機炒作行為。 | zh_TW |
| dc.description.abstract | More and more non-Taiwan registered firms has cross-listed their shares as TDR (Taiwan Depository Receipt) in recent years, especially after 2009. This paper discusses the cross-listing effects of TDR on their home stock price as a basis of further research on motivations of their listing. It’s been widely discussed that the stock price of some TDR-listing firms increased dramatically due to speculation by insiders. Our event study , with available data as for Mar 11, 2011, shows statistical evidence with sign test of nonparametric method, and therefore provides possible support to the corporate benefits of cross-listing in Taiwan as that of ADR cross-listing, or insider speculation. The weak performance of share price of TDR-listing firms after listing event make us tend to believe the price increase before listing is possibly the result of market speculation. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-13T07:59:45Z (GMT). No. of bitstreams: 1 ntu-100-R97723076-1.pdf: 1317201 bytes, checksum: 92c54c08cd742d10610d24faeb5a9238 (MD5) Previous issue date: 2011 | en |
| dc.description.tableofcontents | 目 錄
口試委員會審定書……………………………………………………………………………………………………… i 誌謝………………………………………………………………………………………………………………………………… ii 中文摘要……………………………………………………………………………………………………………………………… iii 英文摘要……………………………………………………………………………………………………………………………… iv 第一章 前言……………………………………………………………………………………………………………… 1 第二章 文獻回顧……………………………………………………………………………………………………… 2 第三章 研究方法…………………………………………………………………………………………………… 4 第四章 資料…………………………………………………………………………………………………8 第五章 檢定與結果……………………………………………………………………………………………………… 13 第一節 統計檢定—事件日一……………………………………………………………………………………… 13 第二節 統計檢定—事件日二……………………………………………………………………………………… 17 第三節 統計檢定—事件日三…………………………………………………………………………………… 19 第六章 結論………………………………………………………………………………………………………………………… 22 參考文獻………………………………………………………………………………………………………………………………… 24 附錄 所有發行TDR公司相關事件日資訊……………………………………………………………………… 25 | |
| dc.language.iso | zh-TW | |
| dc.subject | 投機 | zh_TW |
| dc.subject | TDR | zh_TW |
| dc.subject | 台灣存託憑證 | zh_TW |
| dc.subject | 事件研究法 | zh_TW |
| dc.subject | speculation | en |
| dc.subject | TDR | en |
| dc.subject | event study | en |
| dc.title | 台灣存託憑證發行事件對發行公司原市場股價影響探討 | zh_TW |
| dc.title | Share Price Effects of Taiwan Depository Receipts Listing Event | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 99-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 陳業寧(Yeh-Ning Chen),陳明賢(Ming-Shen Chen) | |
| dc.subject.keyword | TDR,台灣存託憑證,事件研究法,投機, | zh_TW |
| dc.subject.keyword | TDR,event study,speculation, | en |
| dc.relation.page | 26 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2011-07-20 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| Appears in Collections: | 財務金融學系 | |
Files in This Item:
| File | Size | Format | |
|---|---|---|---|
| ntu-100-1.pdf Restricted Access | 1.29 MB | Adobe PDF |
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