Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume
碩士 === 銘傳大學 === 財務金融學系碩士班 === 98 === According to the current regulation, firm goes to IPO on the OTC markets must list on the Emerging Stock Market more than six months and acquire the approvals stage by stage from authority. The progress of this approving process is public information which stimul...
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ndltd-TW-098MCU052140152015-10-13T19:06:45Z http://ndltd.ncl.edu.tw/handle/13324174169645906828 Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume 從投資人過度自信觀點看興櫃轉上櫃過程之價量反應 Hui-Hsun Shih 施惠薰 碩士 銘傳大學 財務金融學系碩士班 98 According to the current regulation, firm goes to IPO on the OTC markets must list on the Emerging Stock Market more than six months and acquire the approvals stage by stage from authority. The progress of this approving process is public information which stimulates the investor’s confidence on success of firm’s IPO. The findings match overconfidence phenomena which behavioral finance theory predicts. That is, the liquidity (volume) and the volatility (price volatility) are all increase with investors’ confidence on approaching IPO date. Furthermore, the more active the stock on the Emerging Stock Market is (the more confidence the investors have), the more significant the honey moon effect after IPO is. Chang-Chiun Cheng 鄭昌錞 2010 學位論文 ; thesis 73 zh-TW |
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碩士 === 銘傳大學 === 財務金融學系碩士班 === 98 === According to the current regulation, firm goes to IPO on the OTC markets must list on the Emerging Stock Market more than six months and acquire the approvals stage by stage from authority. The progress of this approving process is public information which stimulates the investor’s confidence on success of firm’s IPO.
The findings match overconfidence phenomena which behavioral finance theory predicts. That is, the liquidity (volume) and the volatility (price volatility) are all increase with investors’ confidence on approaching IPO date. Furthermore, the more active the stock on the Emerging Stock Market is (the more confidence the investors have), the more significant the honey moon effect after IPO is.
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Chang-Chiun Cheng |
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Chang-Chiun Cheng Hui-Hsun Shih 施惠薰 |
author |
Hui-Hsun Shih 施惠薰 |
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Hui-Hsun Shih 施惠薰 Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume |
author_sort |
Hui-Hsun Shih |
title |
Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume |
title_short |
Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume |
title_full |
Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume |
title_fullStr |
Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume |
title_full_unstemmed |
Overconfidence of Investors’ View to Look Emerging Stock Market to OTC Process of the React on Price and Volume |
title_sort |
overconfidence of investors’ view to look emerging stock market to otc process of the react on price and volume |
publishDate |
2010 |
url |
http://ndltd.ncl.edu.tw/handle/13324174169645906828 |
work_keys_str_mv |
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