The impact of Future Prices of Coffee Bean on the Stock Returns of Coffee Retailers in American
碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 97 === The thesis aims to study how future prices of coffee bean affect the stock price of coffee retailers. I collect the day data of the stock prices of ten coffee relaters in American and four types of future prices of coffee beans from the September of 1989 to...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2009
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| Online Access: | http://ndltd.ncl.edu.tw/handle/60328161174367001598 |
| Summary: | 碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 97 === The thesis aims to study how future prices of coffee bean affect the stock price of coffee retailers. I collect the day data of the stock prices of ten coffee relaters in American and four types of future prices of coffee beans from the September of 1989 to the August of 2008 and adapt OLS and GARCH approaches to estimate CAPM model. Empirical results indicate that the firms focusing on either selling coffee or being wholesalers are significantly positively affected by the future prices of coffee beans. In addition , the results show that the coefficients of all coffee relaters is less than 1while Starbucks and McDonald have largers.
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