The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index

The Valuation Effect of Stock Addition or Deletion:MSCI Taiwan Index versus Taiwan 50 Index

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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...

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Main Author: 陸姿樺
Other Authors: 徐燕山
Format: Others
Language:zh-TW
Published: 2007
Online Access:http://ndltd.ncl.edu.tw/handle/40111380923833777837
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spelling 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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language zh-TW
format Others
sources NDLTD
description 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.
author2 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
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AT lùzīhuà valuationeffectofstockadditionordeletionmscitaiwanindexversustaiwan50index
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