An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance

碩士 === 國立高雄第一科技大學 === 金融理財研究所 === 100 === The lack of liquidity is always identified as the symptom of market crash and is blamed for exacerbating its consequences. Although the market wide liquidity decreases during financial crisis, some securities experience a smaller decrease than others. This...

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Main Authors: Ya-Ting Lin, 林亞亭
Other Authors: Horace Chueh
Format: Others
Language:zh-TW
Published: 2012
Online Access:http://ndltd.ncl.edu.tw/handle/98249916910316614543
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spelling ndltd-TW-100NKIT56670022015-10-13T21:33:07Z http://ndltd.ncl.edu.tw/handle/98249916910316614543 An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance 從公司治理觀點分析股市下跌時之資金流動性變化 Ya-Ting Lin 林亞亭 碩士 國立高雄第一科技大學 金融理財研究所 100 The lack of liquidity is always identified as the symptom of market crash and is blamed for exacerbating its consequences. Although the market wide liquidity decreases during financial crisis, some securities experience a smaller decrease than others. This study examines the variable of corporate governance effect liquidity and systematic liquidity during stock market downturn. In the other word, capital transfers to the stocks with better corporate governance. The result shows that the hypothesis of “capital flight to corporate governance” does not exist in Taiwan stock market. Horace Chueh 闕河士 2012 學位論文 ; thesis 66 zh-TW
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language zh-TW
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description 碩士 === 國立高雄第一科技大學 === 金融理財研究所 === 100 === The lack of liquidity is always identified as the symptom of market crash and is blamed for exacerbating its consequences. Although the market wide liquidity decreases during financial crisis, some securities experience a smaller decrease than others. This study examines the variable of corporate governance effect liquidity and systematic liquidity during stock market downturn. In the other word, capital transfers to the stocks with better corporate governance. The result shows that the hypothesis of “capital flight to corporate governance” does not exist in Taiwan stock market.
author2 Horace Chueh
author_facet Horace Chueh
Ya-Ting Lin
林亞亭
author Ya-Ting Lin
林亞亭
spellingShingle Ya-Ting Lin
林亞亭
An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance
author_sort Ya-Ting Lin
title An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance
title_short An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance
title_full An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance
title_fullStr An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance
title_full_unstemmed An Analysis of Liquidity Changes during Stock Market Downturn from the Corporate Governance
title_sort analysis of liquidity changes during stock market downturn from the corporate governance
publishDate 2012
url http://ndltd.ncl.edu.tw/handle/98249916910316614543
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