Analysis on Information Transmission of Trading Float in Warrant Market

• Main Authors: Chang, Chin-Ting, 張錦庭
• Other Authors: Han, Chien-Shan
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/88937618054058797594

碩士 === 輔仁大學 === 金融與國際企業學系金融碩士在職專班 === 102 === In Taiwan's related studies and documents, most of the articles are emphasis on the relationship between institutional investors and target warrant in the positioning of warrant analysis. As for the discussion of cross commodity or the price-volume in the market capital, usually focus on the connection of trading volume and the price or the volatility. Though some of the researches having the discussion of the trading volume for information transmission, however, usually on a single commodity. This study is emphasis on the effect of information transmission of the warrant transaction velocity and hope able to have some conditioning analyses via the samples during April till December in Y2013 of the data of the volume of Taiwan warrant transaction velocity, the reference in the past. Thus we may know is the warrant transaction has the linkage or the meaning with the target stock pricing, also indirect provide the better understanding for mass investors and scholarships about the stock pricing velocity and the relationship of transaction activities. Also, the volume and the rate of change of transaction velocity of the warrant to the target price revenue significance impact, Call warrant has the significant bigger than zero.Put warrant has the significant of smaller than zero. this conclusion is matched with the commodity significance.