Changes in the political environment influence on the stock price of IPO
碩士 === 國立高雄第一科技大學 === 財務管理所 === 97 === Domestic political factors on changes in stock market has been a major influencing factors, the literature rarely domestic political factors will be explored with the raw initial return of initial public offering on stock market research. The past study found...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2009
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| Online Access: | http://ndltd.ncl.edu.tw/handle/70901025996718756334 |
| Summary: | 碩士 === 國立高雄第一科技大學 === 財務管理所 === 97 === Domestic political factors on changes in stock market has been a major influencing factors, the literature rarely domestic political factors will be explored with the raw initial return of initial public offering on stock market research. The past study found that former President DENG-HUI-LI appointed TAI-YING-LIU to be a chairman of China Development Financial Holdings in 1992. The empirical results indicate hold return of China Development Financial Holdings higher than Grand Cathay Securities Corporation and Taishin Securities Corporation. In 90 days , hold return of China Development Financial Holdings was significantly higher than merging firms. This study treats the governing party change in 2000 as a confounding variable to see whether return is affected by political changes.
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