The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis

The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis

碩士 === 銘傳大學 === 金融研究所 === 87 === This paper examines the strategy and impact of the foreign investors on Taiwan stock market during the Asia financial crisis from July 2, 1997 to June 8, 1998. We find strong evidence of positive feedback trading by foreign investors was apparent. The evidence of her...

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Main Authors: W.C. Chen, 陳威全
Other Authors: Shen-Yuan Chen, Ph.D.
Format: Others
Language:zh-TW
Published: 1999
Online Access:http://ndltd.ncl.edu.tw/handle/25904158507342556536
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spelling ndltd-TW-087MCU002140172016-02-03T04:32:43Z http://ndltd.ncl.edu.tw/handle/25904158507342556536 The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis 東南亞金融風暴與外資投資行為研究 W.C. Chen 陳威全 碩士 銘傳大學 金融研究所 87 This paper examines the strategy and impact of the foreign investors on Taiwan stock market during the Asia financial crisis from July 2, 1997 to June 8, 1998. We find strong evidence of positive feedback trading by foreign investors was apparent. The evidence of herding becomes weaker during the crisis period. We find no evidence that trades by foreign investors had a destabilizing effect on Taiwan stock market over our sample period. In particular, the market adjusted quickly and efficiently to large sales by foreign investors and these sales was not followed by negative abnormal returns amplifying their impact. Shen-Yuan Chen, Ph.D. Gin-Chung Lin, Ph.D. 陳勝源 林景春 1999 學位論文 ; thesis 105 zh-TW
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language zh-TW
format Others
sources NDLTD
description 碩士 === 銘傳大學 === 金融研究所 === 87 === This paper examines the strategy and impact of the foreign investors on Taiwan stock market during the Asia financial crisis from July 2, 1997 to June 8, 1998. We find strong evidence of positive feedback trading by foreign investors was apparent. The evidence of herding becomes weaker during the crisis period. We find no evidence that trades by foreign investors had a destabilizing effect on Taiwan stock market over our sample period. In particular, the market adjusted quickly and efficiently to large sales by foreign investors and these sales was not followed by negative abnormal returns amplifying their impact.
author2 Shen-Yuan Chen, Ph.D.
author_facet Shen-Yuan Chen, Ph.D.
W.C. Chen
陳威全
author W.C. Chen
陳威全
spellingShingle W.C. Chen
陳威全
The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis
author_sort W.C. Chen
title The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis
title_short The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis
title_full The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis
title_fullStr The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis
title_full_unstemmed The Impact of Foreign Investment Strategies on Taiwan Stock Market During The Southeast Asian Financial Crisis
title_sort impact of foreign investment strategies on taiwan stock market during the southeast asian financial crisis
publishDate 1999
url http://ndltd.ncl.edu.tw/handle/25904158507342556536
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