A Study of Risk Factors Effect on Taiwanese Biotechnology and Medical Stocks around the Signature of the ECFA

• Main Authors: Chen, Goang-Wen, 陳廣文
• Other Authors: Lai, Wenkuei
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/01355291990787900616

碩士 === 大葉大學 === 管理學院碩士在職專班 === 101 === This study discussed the changes of exchange rates, interest rates, inflation rate, unemployment rate, economic growth, and industrial production index of the medical stocks through open or tariff reduction, expansion the international market and enlargement of Taiwan’s export trade after the signature Cross-Strait Economic Cooperation Framework Agreement. The data is analyzed by E-View6.0 statistical software, by dividing the data into two phases from January 2008 to November 2012 by month. In order to understand the variables that influences ups and downs, and the long term balancer relations of medical stocks. This study focuses on analysis of interactive effect between medical stocks and risk factors. Trade workers, governments and investors can make their decision based on result of this study. Evidence-based results suggest the most common variables that influenced after ECFA are interest rates and exchange rates. In conclusion, for the prosperity and goodness of the corporation, the executives should avoid the interference of risk factors that generated after ECFA by prompt responses and actions. Key Words: Exchange rates, Interest rates, Granger Causality Test