The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem

碩士 === 國立臺北大學 === 國際企業研究所 === 99 === The scholars concern about how to understand the dynamic of investor's investment behavior and forecast the next period stock price. Then, economic factors strengthen the firm-specific factors, which is another focus on this text. The data is from COMPUSTAT...

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Main Authors:	Chen,Pin-Yu, 陳品妤
Other Authors:	Dr. Hsiao, Jung-Lieh
Format:	Others
Language:	zh-TW
Published:	2011
Online Access:	http://ndltd.ncl.edu.tw/handle/56596223591268625014

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spelling	ndltd-TW-099NTPU03200112015-10-28T04:06:37Z http://ndltd.ncl.edu.tw/handle/56596223591268625014 The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem 以層級貝式估計法探討總體經濟因子與公司特性因子對個股超額報酬率之影響 Chen,Pin-Yu 陳品妤碩士國立臺北大學國際企業研究所 99 The scholars concern about how to understand the dynamic of investor's investment behavior and forecast the next period stock price. Then, economic factors strengthen the firm-specific factors, which is another focus on this text. The data is from COMPUSTAT database, and the financial industry is the study sample, study period is from January 2001 to December 2010, data type is monthly data. Then, estimated methods are using hierarchical Bayesian model to explore the dynamic behavior of the investment period, as well as company property factor is significantly affected by economic factors. The study found that the investor's behavior at different times is different by using financial stocks, and the investors’ behavior would adjust dynamically when the economic factors change. Dr. Hsiao, Jung-Lieh 蕭榮烈 2011 學位論文 ; thesis 88 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立臺北大學 === 國際企業研究所 === 99 === The scholars concern about how to understand the dynamic of investor's investment behavior and forecast the next period stock price. Then, economic factors strengthen the firm-specific factors, which is another focus on this text. The data is from COMPUSTAT database, and the financial industry is the study sample, study period is from January 2001 to December 2010, data type is monthly data. Then, estimated methods are using hierarchical Bayesian model to explore the dynamic behavior of the investment period, as well as company property factor is significantly affected by economic factors. The study found that the investor's behavior at different times is different by using financial stocks, and the investors’ behavior would adjust dynamically when the economic factors change.
author2	Dr. Hsiao, Jung-Lieh
author_facet	Dr. Hsiao, Jung-Lieh Chen,Pin-Yu 陳品妤
author	Chen,Pin-Yu 陳品妤
spellingShingle	Chen,Pin-Yu 陳品妤 The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem
author_sort	Chen,Pin-Yu
title	The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem
title_short	The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem
title_full	The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem
title_fullStr	The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem
title_full_unstemmed	The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem
title_sort	economic factors and the firm-specific factors’ influence on the stocks’ excess return using bayes’ theorem
publishDate	2011
url	http://ndltd.ncl.edu.tw/handle/56596223591268625014
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The Economic Factors and the Firm-specific Factors’ Influence on the Stocks’ Excess Return Using Bayes’ Theorem

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