The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan

碩士 === 國立屏東科技大學 === 財務金融研究所 === 98 === This study employs ADF, Johansen cointegration test and Granger causality test to investigate the relationship between earnings per share and stock prices of financial holding companies during the period of January, 2003 to December, 2009. The empirical results...

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Main Authors:	Liu-Chih Sheng, 劉枝勝
Other Authors:	Rern-Jay Hung
Format:	Others
Language:	zh-TW
Published:	2010
Online Access:	http://ndltd.ncl.edu.tw/handle/00020542111247282208

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spelling	ndltd-TW-098NPUS53040122016-12-22T04:18:19Z http://ndltd.ncl.edu.tw/handle/00020542111247282208 The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan 每股盈餘與股價關聯性之研究-以台灣上市金控公司為例 Liu-Chih Sheng 劉枝勝碩士國立屏東科技大學財務金融研究所 98 This study employs ADF, Johansen cointegration test and Granger causality test to investigate the relationship between earnings per share and stock prices of financial holding companies during the period of January, 2003 to December, 2009. The empirical results are as follows: (1) The lead-lag relations between earnings per share and stock prices are not consistent among companies. Mostly are independent, followed by earnings per share lead prices and prices lead earnings per share, and then feed back relationship. (2) The previous inconsistent results of information contents of earnings may result from the inconsistent lead-lag relations and thus devaluating the information contents of earnings or stock prices Rern-Jay Hung 洪仁杰 2010 學位論文 ; thesis 58 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立屏東科技大學 === 財務金融研究所 === 98 === This study employs ADF, Johansen cointegration test and Granger causality test to investigate the relationship between earnings per share and stock prices of financial holding companies during the period of January, 2003 to December, 2009. The empirical results are as follows: (1) The lead-lag relations between earnings per share and stock prices are not consistent among companies. Mostly are independent, followed by earnings per share lead prices and prices lead earnings per share, and then feed back relationship. (2) The previous inconsistent results of information contents of earnings may result from the inconsistent lead-lag relations and thus devaluating the information contents of earnings or stock prices
author2	Rern-Jay Hung
author_facet	Rern-Jay Hung Liu-Chih Sheng 劉枝勝
author	Liu-Chih Sheng 劉枝勝
spellingShingle	Liu-Chih Sheng 劉枝勝 The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan
author_sort	Liu-Chih Sheng
title	The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan
title_short	The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan
title_full	The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan
title_fullStr	The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan
title_full_unstemmed	The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan
title_sort	relationships between earnings per share and stock prices: an evidence on financial holding companies listed in taiwan
publishDate	2010
url	http://ndltd.ncl.edu.tw/handle/00020542111247282208
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The Relationships Between Earnings Per Share and Stock Prices: An Evidence on Financial Holding Companies Listed in Taiwan

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