The Impact of Luxury Tax and Real Value Registry Scheme on Construction Stock Returns in Taiwan

• Main Authors: Chieh-Hui Tang, 唐千惠
• Other Authors: Chien-Hung Chen
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/89404377316079368696

碩士 === 朝陽科技大學 === 財務金融系 === 102 === This study used event study method to discuss impact of execution of luxury tax and real value registry scheme on return rate on stock prices of listed construction firms. The findings are: (1) the stock prices of the listed construction firms had negative average cumulative abnormal return from announcement (date of the first event) of luxury tax to execution of luxury tax for two years (date of the fifth event); (2) the stock prices of the listed construction firms had negative average cumulative abnormal return after the Executive Yuan proposed real value registry scheme (date of the sixth event) and the President announced execution of real value registry scheme in the future (date of the seventh event).