碩士 / 國立臺灣海洋大學 / 商船學系 / 103 / The study period is the daily closing price from 2005 to 2014 A.D. , analyze Wisdom Marine Lines Co., Ltd. (2637), U-Ming Marine Transport Corp.(2606), Sincere Navigation Corp.(2605), Shih Wei Navigation Co., LTD.(5608),Chinese Maritime Transport Ltd. (2612), Taiwan Navigation CO., LTD.(2617),First Steamship Co., Ltd. (2601), and Eastern Media International Corp.(2614), respectively in Taiwan, modeling representatives of the International Baltic shipping index freight index to study the relationships of the stock price.
The empirical results obtained the following several conclusions:(1)The original series of the non-stationary state, needed to go through after the first-difference, time-series will be presented in stationary state.(2)The study find that BDI, (2637) and (2606) has Co-integrating individually ; however, the others without Co-integrating individually, so it is after the first-order differential variables to not limit the VAR model analysis.(3)As unbalanced, estimated coefficients via VECM, only the correction of (2617) slower time than BDI.(4) Granger Causality Test shows BDI and (2614) does not have relationships, the others do. (5)The results show the impact of external shocks reaction generated for each series of varying positive and negative short-term shocks and long-term impact has fallen to zero, and ultimately all converge to the long-run equilibrium relationship.(6)The study found that, when the VECM is not added to a virtual variable, the goodness of fit is more better.
The empirical analysis presented in this study to verify the relevance of the BDI and Taiwan shipping bulk ship between the stock price is really helpful.
| Identifer | oai:union.ndltd.org:TW/103NTOU5728021 |
| Date | January 2015 |
| Creators | Huang, Yeu-Jye, 黃羽婕 |
| Contributors | Jong, Tain-Chyuan, 鍾添泉 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 108 |
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