by Cheng Koon Chuen, Louie Mei Po. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 46-49). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / Chapter / Chapter I --- INTRODUCTION --- p.1 / Chapter II --- LITERATURE REVIEW --- p.4 / Abnormal Returns --- p.5 / Information Signal --- p.6 / Impact on Liquidity --- p.8 / Impact on Volatility --- p.9 / Impact on Risk --- p.10 / Managerial Motives --- p.11 / Trading Range --- p.12 / Signalling --- p.13 / Liquidity --- p.13 / Other Motives --- p.14 / Research Findings --- p.14 / Chapter III --- DATA DESCRIPTION --- p.18 / Chapter IV --- METHODOLOGY --- p.21 / Shareholder Wealth Effects --- p.21 / Changes of Volatility --- p.23 / Change of Risk --- p.25 / Interview --- p.26 / Interviewees --- p.26 / Interview Schedule --- p.26 / Chapter V --- RESULTS --- p.28 / Shareholder Wealth Effects --- p.28 / Volatility Changes After Splits --- p.29 / Beta Changes Around Splits --- p.29 / Interview Results --- p.30 / Managerial Motives --- p.30 / Market Comments --- p.35 / Chapter VI --- CONCLUSION --- p.39 / APPENDIX --- p.41 / BIBLIOGRAPHY --- p.46

by Ng Kwok-Kwai. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 100-101). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / PREFACE --- p.vii / ACKNOWLEDGEMENTS --- p.ix / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Share Repurchase Activities in Hong Kong - Historical Statistics --- p.1 / Types of Share Repurchase --- p.7 / Chapter II. --- LITERATURE REVIEW --- p.9 / Empirical Study on Abnormal Return --- p.9 / Motivation for Open Market Share Repurchase --- p.10 / Signalling Hypothesis --- p.10 / Dividend Taxation Hypothesis --- p.10 / Leverage Hypothesis --- p.10 / Bondholder Expropriation Hypothesis --- p.10 / Scope of this Study --- p.12 / Chapter III. --- DATA --- p.13 / Sources --- p.13 / Sampling Period --- p.13 / Screening/Sample Size --- p.14 / Chapter IV. --- METHODOLOGY --- p.15 / Announcement Day --- p.15 / Time Horizons --- p.16 / Price Performance --- p.17 / Abnormal Return --- p.17 / Cumulative Abnormal Return --- p.18 / Definition of Variables and Formulae --- p.19 / Variables --- p.19 / Formulae --- p.20 / Computation Process --- p.20 / Stage I - Evaluation of Cumulative Abnormal Return(CAR) --- p.20 / Abnormal return - beta adjustment --- p.20 / Cumulative abnormal return --- p.21 / Stage II - CAR verse other Variables --- p.21 / Other variables --- p.21 / Sub-sample classification --- p.22 / Stage III - Regression of CAR with other Variables --- p.23 / Chapter V. --- RESULTS AND IMPLICATIONS --- p.24 / Cumulative Abnormal Return --- p.24 / Short Term Performance --- p.24 / Long Term Performance --- p.24 / "Cumulative Abnormal Return verse Market-to-Book Ratio, Market Value and Monthly Frequency" --- p.28 / Short Term Performance --- p.28 / Market-to-book ratio --- p.28 / Market value --- p.34 / Monthly frequency --- p.39 / Long Term Performance --- p.44 / Market-to-book ratio --- p.44 / Market value --- p.50 / Monthly frequency --- p.55 / "Regression of CAR verse Market-to-Book Ratio, Market Value and Monthly Frequency" --- p.61 / Short Term --- p.61 / Long Term --- p.62 / Chapter VI. --- CONCLUSION --- p.63 / Summary --- p.63 / Recommendation --- p.64 / APPENDIX I --- p.66 / APPENDIX II --- p.70 / APPENDIX III --- p.72 / APPENDIX IV --- p.96 / BIBLIOGRAPHY --- p.100

by Tai Yau-Bun. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaf 48). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / ACKNOWLEDGEMENTS --- p.iv / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- LITERATURE REVIEW --- p.3 / Chapter III. --- CONCEPT OF OPTION AND THEORY OF OPTION EXERCIS --- p.7 / Chapter IV. --- DATA --- p.10 / Chapter V. --- INVESTIGATIONS & TESTS --- p.12 / Investigation I: General Pattern of Exercise --- p.12 / Investigation II: Ex-Dividend Date Effect --- p.13 / Test I: Test of Exercise Decision by Using Intrinsic Value --- p.14 / Test II: Test of Exercise on Expiration Date --- p.19 / Chapter VI. --- RESULTS --- p.21 / Result I: General Pattern of Exercise --- p.21 / Result II: Ex-Dividend Date Effect --- p.23 / Result III: Test of Exercise Decision by Using Intrinsic Value --- p.26 / Result IV: Test of Exercise on expiration date --- p.30 / Chapter VII. --- CONCLUSION --- p.32 / APPENDIX --- p.35 / BIBILIOGRAPHY --- p.48

Thesis (Ph.D.)--Southern Illinois University at Carbondale, 2000. / Major Professor: Subhash C. Sharma. Includes bibliographical references.

Abstract Employee Stock Bonus (ESB) is a unique bonus model to link employee salary package with company performance under the current regulation in Taiwan. Comparing with Employee Stock Option (ESOP) in USA, ESB is different in accounting process, company¡¦s actual cost and the model of employee gain in spite of the principle of linking employee salary package to corporate performance is the same. Moreover, the incentive effectiveness and the impact on shareholders¡¦ value between ESB and ESOP need to be clarified. The objectives of this research are to discuss the pros and cons of ESB program as well as to analyze the implementation history and decision characterization of ESB in Taiwan. In the first part of this study, we compare the difference between ESB and ESOP in terms of their fundamentals, implementation and incentive effectiveness, as well as analyze the impact on shareholders¡¦ value by various accounting principles and valuation models approaches.¡@In the second part, we do a history study on ESB implementation history of Taiwan hi-tech industries. We point out some improper ESB decisions that hurt shareholder¡¦s value. We also propose some indexes to measure effectiveness, efficiency of ESB and degree of impact on shareholder¡¦s value. In the third part, we apply regression methodology and cross-sectional analysis to characterize the ESB decision using the samples from Taiwan listed hi-tech companies between 1998 to 2001. We conclude the following contributions in this research: 1. The fundamental of ESB is to provide employee bonus by diluting shareholder¡¦s value. During bull market or stock price appreciates after stock splits, ESB perfectly incorporates employee bonus with shareholders¡¦ value. On the other hand, ESB becomes an extra overhead for shareholders during bear market or stock price depreciates after stock splits. 2. What employees gain from ESB is paid by equity market instead of being paid by the company, no matter whichever accounting principle is adopted. Recognizing ESB as company expense will present income statement in more a proper way but will not impact book value of equity. 3. To recognize ESB as company expense will reduce ¡§intrinsic value of equity¡¨ evaluated by EBO model as EBO model is based on accounting profit. As DFC model is based on free cash flow, ¡§intrinsic value of equity¡¨ evaluated by DFC model will not change even if different accounting principles are adopted. However, ¡§intrinsic value of equity per share¡¨ will be slightly affected by the dilution of share number. 4. In the research samples, mean of ¡§the market value of ESB over average appreciation value of company¡¨ is 13%¡Astandard deviation is 53%¡Amedian is 8%, which implies the welfare effectiveness created by ESB to shareholders varies with individual company. 5. The result of empirical study supports that the main measurement index for managers to decide the share number of ESB program is ¡§total market value of ESB¡¨ instead of ¡§profit share rate¡¨ or ¡§dilution rate¡¨, regardless companies which adopted ¡§fix profit share rate for ESB¡¨ policy. 6. According to the result of empirical study, ¡§the market value of ESB ¡¨ is significantly positive- correlated to growth opportunity, merit raises rate, net profit growth rate, and significantly negative ¡V correlated to company size and financial leverage. ¡§The market value of ESB per employee¡¨ is significantly positive-correlated to company size, growth opportunity, merit raises rate, net profit growth rate, and significantly negative ¡V correlated to financial leverage. The result is consistent with hypotheses that are based on Agency Theory, Information Asymmetry Theory and Scale of Economic. The result of empirical study is not able to support the hypotheses that managers will offer employee more value of ESB according to the appreciation of company value.

Abstract Due to the fast improvement of information technology ,the application of internet is spreading in our society ,so is electronic commerce(EC).In hence ,many companies are starting to provide all kinds of services on the internet .In the stock market , stock brokers provide online stock trading service ,that enable the stock trading will not limited by time¡Bregions and people any more .However ,the internet has became a new way of investment. In Taiwan, there are more than 70 online stock brokers and one million investors that use online stock trading, and the volume of online stock trading is 5.87% to the total stock market. According to relative documents and some professional assessment mechanism, this study generalize 15 indexes of satisfaction of online stock trading questionnaires to query online stock brokers and investors, answers that we want to know are: what are the features of online trading investors? What are their responses of online stock trading? What are the factors that influence the indexes of satisfaction of online stock trading? What are the differences of satisfaction between online stock brokers and investors? The research outcome shows that investors which use online stock trading service is more younger and educated¡Bfrequency of trade is fewer¡Bthe amount of money is not much and the investors prefer self-service .And security of transaction is the primary factors that make the investors does not like online stock trading. Furthermore ,this study has generalized five primary factors that influence the satisfaction of online stock brokers and investors ,they are :¡uweb design¡v¡B¡unet speed ¡v¡B¡ufinancial specialty¡v¡B¡ucustomer services¡vand¡ufees¡v. And still other ,in the comparison of satisfaction between online stock brokers and investors , there is a gap in the aspect of ¡ufinancial specialty¡v,and by the further analysis ,there are gaps in the following index:¡urichness and quality of research reports¡v¡B¡usupply of other financial instruments¡v¡B¡uquery of customers information¡vand ¡usecurity of transaction¡v

Thesis (Ph.D.)--University of Texas at Arlington, 2009.

Thesis (Ph.D.)--University of Nebraska-Lincoln, 2009. / Title from title screen (site viewed January 5, 2010). PDF text: x, 94 p. : col. ill. ; 816 Kb. UMI publication number: AAT 3359825. Includes bibliographical references. Also available in microfilm and microfiche formats.

Thesis (Ph. D.)--Hong Kong University of Science and Technology, 2002. / Includes bibliographical references. Also available in electronic version. Access restricted to campus users.

Thesis (M.S.)--Kent State University, 2009. / Title from PDF t.p. (viewed Nov. 13, 2009). Advisor: Ruoming Jin. Keywords: migration motif, trajectory mining, sequential pattern mining, time series clustering. Includes bibliographical references (p. 47-57).