The Effects of Taiwan Steel Stock Price on the Index of Iron Ore and LME Nickel
碩士 === 國立高雄應用科技大學 === 國際企業系碩士在職專班 === 105 === Currently the materials and resource in Taiwan are not sufficient and most materials depend on the imports from other foreign countries. Market prices are particularly affected by external influences. The purpose of the research is to explore the dynamic...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/jeubzd |
| Summary: | 碩士 === 國立高雄應用科技大學 === 國際企業系碩士在職專班 === 105 === Currently the materials and resource in Taiwan are not sufficient and most materials depend on the imports from other foreign countries. Market prices are particularly affected by external influences. The purpose of the research is to explore the dynamic relationship between the price of materials(iron ore and LME Nickel) and the Rate of return on stock. The main research samples are STOCK-China steel and STOCK-YC INOX. Using the Market Index and BDI Index ,and the raw material output price as control variables, this paper also explores the empirical analysis of regression results due to structural changes that may arise from policy.
Daily Data ranges from 2013 to 1060531(2017).The results show that Market Index and Iron ore Index positively affect the Rate of return on stock(China steel) while The LME Nickel Index and BDI Index are not significant. Production Reduction policy is not influential with the Rate of return on stock(China steel). Besides, the results show that Market Index and Iron ore Index and LME Nickel Index are positively correlated with the Rate of return on stock(YC INOX) while the BDI Index is not. Production Reduction policy is also not influential with the Rate of return on stock(YC INOX).
Keyword：Iron Ore；LME Nickel；BDI；Steel Stock Price
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