碩士 / 國立高雄科技大學 / 國際企業系 / 107 / Taiwan has become an important economic and trade center of Asia and served as a hub for global enterprises to develop the business in Asia. The role of logistic industry is highlighted by the 80% to 90% shipments of import and export marine transportation via Taiwan. Moreover, the manufacturing industry needs a lot raw material such as iron ore, crude oil and coal which is bulk cargo and needs to be imported from overseas to Taiwan and after processing the products they will be exported to the whole world and mostly it will be shipped by different modes of transportation. Given its importance of marine industry for Taiwan’s economics development , the purpose of this research is to to investigate the factors that have impact on the stock prices and the return rates of the bulk shipping companies and provide useful suggestions for investors and enterprise in the future.
The sample data selected was from July 2001 to January 2019. The time series technique is used to check whether the variables contain unit root. The GARCH model is used to estimate the risk and volatility of the variable, while the CHOW test is used to determine the structural transition points. Those events affecting the rate of return are added to the multiple regression model to explore the extent of influence from each event. The final results show that Baltic Composite Index and Taiwan Weighted Stock Index both have a positive relationship to the stock price and the return rate, and there is a significant structural break for both the stock price and the return rate of the bulk shipping company.
| Identifer | oai:union.ndltd.org:TW/107NKUS0320025 |
| Date | January 2019 |
| Creators | 趙廣義 |
| Contributors | Chiou-Wei, Song-Zan, 邱魏頌正 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 72 |
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