Does The Announcement of OTC-to-Listed Stock Market Transfer Have Abnormal Return and The Change of Liquidity

• Main Authors: Shu-Mei Yang, 楊淑美
• Other Authors: Kuang-Hua Hsu
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/61098907281275039053

碩士 === 朝陽科技大學 === 財務金融系碩士班 === 94 === For a long time, most enterprises hope to promote stocks to be listed, except obtaining the steady and sufficient long-term funds with the security market, can strengthen the inside and manage , improve the physique of managing by promoting the course listed , and the one that is listed succeeds smoothly, can improve enterprise''s popularity , attract outstanding talents , increasing the mobility of stocks even more, get the people''s definite and approval. Apply for condition and difference of terms of trade, the majority can disclose issue company cupboard the above as springboard that is list, show these companies are listed in order to buying and selling the centre (OTC ) in the counter first , do it in order to transfer to and concentrate the shortcut that the market is listed This text tries to follow the trail of and goes to the cupboard company''s stock to be transfered to the stock price behavior after listing, understand whether the trade of the secondary market has a phenomenon of unusual remuneration . In addition, mobility is a basic characteristic of the security market, and the important attribute of finance assets too. So, this text, according to the materials of the stock market of Taiwan, analyse the real example, in order to understand and go to the otc company''s stock before rotating and is listed and, change situation of its mobility.