The Influence of the Presidential Election on Taiwan Weighted Stock Index

• Main Authors: Yi-Sheng Lee, 李易昇
• Other Authors: Mingchun Lin
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/00514567085455010664

碩士 === 國立高雄第一科技大學 === 風險管理與保險研究所 === 101 === In this study, the Taiwan Weighted Stock Index(TAIEX) during the periods of the four times Taiwan''s President elections were investigated, totally there are 8 models which includes a year and six months before and after the President election. Regression analysis was used to investigate whether the TAIEX was affected by the macroeconomic variables from 1995 to 2009, after the dummy variable which indicates before and after the presidential elections in Taiwan was added to the models. The studying results showed that TAIEX has no significant difference during periods of six months before and after the four times President elections, but for the periods of year before and after the President elections there are two models having significant differences in TAIEX. Composition index and foreign exchange deposits significantly impacted the TAIEX, the effects were different under different situations.