碩士 / 中國文化大學 / 財務金融學系 / 106 / With the drastic changes of the economic development in Taiwan, the diversified investment has become a management issue of increasing concern. Taiwanese government encouraged overseas enterprises to list in Taiwan stock market, and to face with the international competition. Recently, Taiwanese government has adopted a series of reform policies to attract foreign enterprises (included Taiwanese-owned enterprises listed abroad) to reconsider Taiwanese depositary receipts (TDR) or IPO (F stock).
This study attempts to compare the differences of market reaction of TDR and F stock during the period 2003-2015. Moreover, these sample data are used to examine there exist significant abnormal returns and to investigate whether these explanatory variables are associated with observed cumulative abnormal returns using cross-section and quantile regression. Evidence shows that both TDR and F stock have significantly AR, and after quantile regression analysis, it is found that there are significantly influence of three variables that included debt ratio, Taiwanese companies and electronic technology stocks. This finding perhaps can be a basis reference for market participants in decision-making.
| Identifer | oai:union.ndltd.org:TW/106PCCU0304004 |
| Date | January 2018 |
| Creators | LIANG, YU-HUI, 梁榆惠 |
| Contributors | WANG, YI-HSIEN, SHIH, KUANG-HSUN, 王譯賢, 施光訓 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 66 |
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