碩士 / 國立彰化師範大學 / 會計學系 / 106 / This paper explores the phenomenon of investor sentiment in the
behavioral finance literature from the view of seasonal patterns using
Taiwanese stock market over 1986-2006. By employing the dummy
variable regression, mean test, this paper finds that a lower May and
September pattern of seasonality is significant and more pronounced for firms
with announcements of bad news twice in the same calendar year, implying
that investors are overoptimistic. Moreover, the different magnitude of
apparently lower May and September pattern of seasonality suggests that the
degree of investor overoptimism differs for firms of different equity size.
| Identifer | oai:union.ndltd.org:TW/106NCUE5385005 |
| Date | January 2018 |
| Creators | Cheng,Yu-Ling, 程宥綾 |
| Contributors | 陳皆碩 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 47 |
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