The Relationship between Information Demand of Investor and Market Efficiency
碩士 === 國立高雄第一科技大學 === 金融系碩士班 === 105 === In this paper, the Google search volume index (SVI) is employed as a proxy of investor attention to discuss whether SVI enables price discovery from the difference between stock prices and their implied price. The empirical results indicate that among the 15...
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ndltd-TW-105NKIT06670202019-05-15T23:24:28Z http://ndltd.ncl.edu.tw/handle/kq7c3b The Relationship between Information Demand of Investor and Market Efficiency 投資人資訊需求與市場效率性 HSU, CHIA-HAO 許家豪 碩士 國立高雄第一科技大學 金融系碩士班 105 In this paper, the Google search volume index (SVI) is employed as a proxy of investor attention to discuss whether SVI enables price discovery from the difference between stock prices and their implied price. The empirical results indicate that among the 15 targets investigated in this study, SVI showed the price discovery function for only United Microelectronic Corporation (2303) and Foxconn Technology Group (2317); the remaining targets display no significant change in price discovery because of an increase in investor searches. Therefore, in the Taiwanese market, SVI has no significant function in triggering price discovery between stock prices and their implied price. Wang, Ming-Chun 王銘駿 2017 學位論文 ; thesis 50 zh-TW |
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碩士 === 國立高雄第一科技大學 === 金融系碩士班 === 105 === In this paper, the Google search volume index (SVI) is employed as a proxy of investor attention to discuss whether SVI enables price discovery from the difference between stock prices and their implied price. The empirical results indicate that among the 15 targets investigated in this study, SVI showed the price discovery function for only United Microelectronic Corporation (2303) and Foxconn Technology Group (2317); the remaining targets display no significant change in price discovery because of an increase in investor searches. Therefore, in the Taiwanese market, SVI has no significant function in triggering price discovery between stock prices and their implied price.
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Wang, Ming-Chun |
author_facet |
Wang, Ming-Chun HSU, CHIA-HAO 許家豪 |
author |
HSU, CHIA-HAO 許家豪 |
spellingShingle |
HSU, CHIA-HAO 許家豪 The Relationship between Information Demand of Investor and Market Efficiency |
author_sort |
HSU, CHIA-HAO |
title |
The Relationship between Information Demand of Investor and Market Efficiency |
title_short |
The Relationship between Information Demand of Investor and Market Efficiency |
title_full |
The Relationship between Information Demand of Investor and Market Efficiency |
title_fullStr |
The Relationship between Information Demand of Investor and Market Efficiency |
title_full_unstemmed |
The Relationship between Information Demand of Investor and Market Efficiency |
title_sort |
relationship between information demand of investor and market efficiency |
publishDate |
2017 |
url |
http://ndltd.ncl.edu.tw/handle/kq7c3b |
work_keys_str_mv |
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