| Summary: | 碩士 === 國立臺北大學 === 國際財務金融碩士在職專班 === 101 === Basing on the series events during the decision process of capital gains tax recovery in
2012, use event study analysis to examine the influence of exposing these events on
short-term share price of high dividend constituent stocks, analyze the share price reaction of
this kind stock when some specific events happens, and expect to offer a reasonable
explanation for investors.
The empirical results show that in the negative effect of capital gains tax recovery, the
announcement of replacing finance minister and passed capital gains tax bill do not have
obviously abnormal returns, but the announcement of capital gains tax will assured be
implemented in 2013 by finance ministry have remarkable negative accumulation average
abnormal returns. It depends on the characteristics of events to interpret, and the results by
using different statistics methods are the same.
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