Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan
碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 97 === Since the relationship between several countries much closer than before and firms organization size increasing, demand of long term capital not only measure inside capital market instead of issue equity and convertible bonds. Therefore; we use empirical stu...
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ndltd-TW-097SHU053040472016-05-04T04:16:44Z http://ndltd.ncl.edu.tw/handle/97201295873916238425 Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan 融資宣告與股價報酬之實證研究-以台灣上市上櫃公司為例 Chia-jung Lee 李佳蓉 碩士 世新大學 財務金融學研究所(含碩專班) 97 Since the relationship between several countries much closer than before and firms organization size increasing, demand of long term capital not only measure inside capital market instead of issue equity and convertible bonds. Therefore; we use empirical study at all finance methods to discuss the effect of finance announcement to firm price. This study using Taiwan SEC or OTC firms that have ever declared issue equity, convertible bonds, GDR and oversea convertible bonds between years 2000 to 2008. We use 1276 event data with event study to discuss the effect between four finance methods with firm price. In our empirical result, we find out investors thought firms’ finance announce as bad information to firm price; in separate cases, we also find out issuing equity has much more negative influence, convertible bonds have obvious negative effect between year 2004 to 2008, GDR had positive influence to firm price between year 2004 to 2008. Su-in Liu 劉淑鶯 2009 學位論文 ; thesis 69 zh-TW |
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碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 97 === Since the relationship between several countries much closer than before and firms organization size increasing, demand of long term capital not only measure inside capital market instead of issue equity and convertible bonds. Therefore; we use empirical study at all finance methods to discuss the effect of finance announcement to firm price.
This study using Taiwan SEC or OTC firms that have ever declared issue equity, convertible bonds, GDR and oversea convertible bonds between years 2000 to 2008.
We use 1276 event data with event study to discuss the effect between four finance methods with firm price. In our empirical result, we find out investors thought firms’ finance announce as bad information to firm price; in separate cases, we also find out issuing equity has much more negative influence, convertible bonds have obvious negative effect between year 2004 to 2008, GDR had positive influence to firm price between year 2004 to 2008.
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author2 |
Su-in Liu |
author_facet |
Su-in Liu Chia-jung Lee 李佳蓉 |
author |
Chia-jung Lee 李佳蓉 |
spellingShingle |
Chia-jung Lee 李佳蓉 Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan |
author_sort |
Chia-jung Lee |
title |
Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan |
title_short |
Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan |
title_full |
Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan |
title_fullStr |
Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan |
title_full_unstemmed |
Financing Announcements on Stock Returns-The Cases of Listed Companies on SEC and OTC in Taiwan |
title_sort |
financing announcements on stock returns-the cases of listed companies on sec and otc in taiwan |
publishDate |
2009 |
url |
http://ndltd.ncl.edu.tw/handle/97201295873916238425 |
work_keys_str_mv |
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