The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index
碩士 === 國立政治大學 === 財務管理研究所 === 95 === The study examines both the price and volume effect of stock additions or deletions on both the MSCI Taiwan index and Taiwan50 index. We document significant abnormal returns of stock additions and deletions for the MSCI Taiwan Index both on the announced period...
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ndltd-TW-095NCCU53050122015-10-13T16:46:06Z http://ndltd.ncl.edu.tw/handle/40111380923833777837 The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index 成分股調整之股價效應:以摩根台指與台灣50指數作比較 陸姿樺 碩士 國立政治大學 財務管理研究所 95 The study examines both the price and volume effect of stock additions or deletions on both the MSCI Taiwan index and Taiwan50 index. We document significant abnormal returns of stock additions and deletions for the MSCI Taiwan Index both on the announced period or on the effective period. In addition, we also find a significant abnormal return of stock deletions for Taiwan 50 Index either announced period or the effective period. While we do not find any significant abnormal return of stock additions. Further more, both the announced date effect and the effective date effect for MSCI Taiwan Index are stronger than those for Taiwan 50 Index. Our results support the price pressure hypothesis. 徐燕山 2007 學位論文 ; thesis 61 zh-TW |
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碩士 === 國立政治大學 === 財務管理研究所 === 95 === The study examines both the price and volume effect of stock additions or deletions on both the MSCI Taiwan index and Taiwan50 index. We document significant abnormal returns of stock additions and deletions for the MSCI Taiwan Index both on the announced period or on the effective period. In addition, we also find a significant abnormal return of stock deletions for Taiwan 50 Index either announced period or the effective period. While we do not find any significant abnormal return of stock additions. Further more, both the announced date effect and the effective date effect for MSCI Taiwan Index are stronger than those for Taiwan 50 Index. Our results support the price pressure hypothesis.
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徐燕山 |
author_facet |
徐燕山 陸姿樺 |
author |
陸姿樺 |
spellingShingle |
陸姿樺 The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index |
author_sort |
陸姿樺 |
title |
The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index |
title_short |
The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index |
title_full |
The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index |
title_fullStr |
The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index |
title_full_unstemmed |
The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index |
title_sort |
valuation effect of stock addition or deletion:msci taiwan index versus taiwan 50 index |
publishDate |
2007 |
url |
http://ndltd.ncl.edu.tw/handle/40111380923833777837 |
work_keys_str_mv |
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