An Empirical Analysis of the Relationships between the Stock Returns of the DRAM Industry in Taiwan
碩士 === 國立高雄第一科技大學 === 金融營運所 === 92 === This paper empirically examines the relationships of DRAM stock returns of Taiwan by using the approaches of Unit root test, Impulse Response analysis and Variance Decomposition. The findings are summarized as following: 1.The results of Impulse Response analy...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2004
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| Online Access: | http://ndltd.ncl.edu.tw/handle/33689011294702643139 |
| Summary: | 碩士 === 國立高雄第一科技大學 === 金融營運所 === 92 === This paper empirically examines the relationships of DRAM stock returns of Taiwan by using the approaches of Unit root test, Impulse Response analysis and Variance Decomposition. The findings are summarized as following:
1.The results of Impulse Response analysis find that the stock returns of each company get the greatest impulse response from themselves. For Winbond, the impulse responses are in part due to Nanya and Powerchip.
2.The results of Variance Decomposition find that Nanya and Promos are exogenous for the most part, and Winbond is generally not exogenous.
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