The performance of F stock in Taiwan stock market
碩士 === 國立暨南國際大學 === 國際企業學系 === 103 === The purpose of this study is to investigate the performance of F foreign stocks which are primary listed (F stocks) in Taiwan sotck market. We examine whether the performance of F stocks is higher than Taiwan market index, Taiwan medium-100 index and the domest...
Main Authors: | , |
---|---|
Other Authors: | |
Format: | Others |
Language: | zh-TW |
Published: |
2015
|
Online Access: | http://ndltd.ncl.edu.tw/handle/19118884265418820179 |
id |
ndltd-TW-103NCNU0320025 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-103NCNU03200252016-08-28T04:12:00Z http://ndltd.ncl.edu.tw/handle/19118884265418820179 The performance of F stock in Taiwan stock market 海外企業來台第一上市(櫃)之績效表現探討 Mei-Ling Li 李美伶 碩士 國立暨南國際大學 國際企業學系 103 The purpose of this study is to investigate the performance of F foreign stocks which are primary listed (F stocks) in Taiwan sotck market. We examine whether the performance of F stocks is higher than Taiwan market index, Taiwan medium-100 index and the domestic stocks. We examine the stock performance by using the Sharp ratio, Treynor ratio and risk factors. In addition, we use the financial indicators, including EPS, turnover ratio, ROA, ROE, revenue growth rate, net growth rate and net turnover ratio, to compare the financial performance of F stock with the corresponding domestic stocks. The results are useful for investors to decide their security selescton. There are some findings, as follow. The F stocks have positive risk premium and higher risk adjusted returns than Taiwan stock markets. The Sharpe and Treynor valuses are higher than Tawian stock market and the average of β values is greater than 1. The result shows that F stocks have a high market risk, and high returns than the Tawian stock market. The stock performance of F stocks are worse than the corresponding domestic stocks, but the performance of financial indicators for F stocks are better than domestic stocks. The result indicates informantion transmission of F stocks is important for Tawian’s investors, and F stocks are underpriced in Taiwan market. Ming-Chieh Wang 王銘杰 2015 學位論文 ; thesis 71 zh-TW |
collection |
NDLTD |
language |
zh-TW |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 國立暨南國際大學 === 國際企業學系 === 103 === The purpose of this study is to investigate the performance of F foreign stocks which are primary listed (F stocks) in Taiwan sotck market. We examine whether the performance of F stocks is higher than Taiwan market index, Taiwan medium-100 index and the domestic stocks. We examine the stock performance by using the Sharp ratio, Treynor ratio and risk factors. In addition, we use the financial indicators, including EPS, turnover ratio, ROA, ROE, revenue growth rate, net growth rate and net turnover ratio, to compare the financial performance of F stock with the corresponding domestic stocks. The results are useful for investors to decide their security selescton. There are some findings, as follow.
The F stocks have positive risk premium and higher risk adjusted returns than Taiwan stock markets. The Sharpe and Treynor valuses are higher than Tawian stock market and the average of β values is greater than 1. The result shows that F stocks have a high market risk, and high returns than the Tawian stock market.
The stock performance of F stocks are worse than the corresponding domestic stocks, but the performance of financial indicators for F stocks are better than domestic stocks. The result indicates informantion transmission of F stocks is important for Tawian’s investors, and F stocks are underpriced in Taiwan market.
|
author2 |
Ming-Chieh Wang |
author_facet |
Ming-Chieh Wang Mei-Ling Li 李美伶 |
author |
Mei-Ling Li 李美伶 |
spellingShingle |
Mei-Ling Li 李美伶 The performance of F stock in Taiwan stock market |
author_sort |
Mei-Ling Li |
title |
The performance of F stock in Taiwan stock market |
title_short |
The performance of F stock in Taiwan stock market |
title_full |
The performance of F stock in Taiwan stock market |
title_fullStr |
The performance of F stock in Taiwan stock market |
title_full_unstemmed |
The performance of F stock in Taiwan stock market |
title_sort |
performance of f stock in taiwan stock market |
publishDate |
2015 |
url |
http://ndltd.ncl.edu.tw/handle/19118884265418820179 |
work_keys_str_mv |
AT meilingli theperformanceoffstockintaiwanstockmarket AT lǐměilíng theperformanceoffstockintaiwanstockmarket AT meilingli hǎiwàiqǐyèláitáidìyīshàngshìguìzhījīxiàobiǎoxiàntàntǎo AT lǐměilíng hǎiwàiqǐyèláitáidìyīshàngshìguìzhījīxiàobiǎoxiàntàntǎo AT meilingli performanceoffstockintaiwanstockmarket AT lǐměilíng performanceoffstockintaiwanstockmarket |
_version_ |
1718380628126203904 |