The Effects of Capital Reduction:Evidence from Taiwan Companies
碩士 === 國立彰化師範大學 === 會計學系 企業高階管理(EMBA) === 103 === This study investigates the relationship between the announcement effect of capital reduction and stock returns. Using a sample of the listed, delisted, Gre-Tai, and emerging companies on the Taiwan Stock Exchange over the 2008-2013 period, this...
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| Format: | Others |
| Language: | zh-TW |
| Online Access: | http://ndltd.ncl.edu.tw/handle/19139682226501335714 |
| Summary: | 碩士 === 國立彰化師範大學 === 會計學系 企業高階管理(EMBA) === 103 === This study investigates the relationship between the announcement effect of capital reduction and stock returns. Using a sample of the listed, delisted, Gre-Tai, and emerging companies on the Taiwan Stock Exchange over the 2008-2013 period, this study provides further insight into the influence of capital reduction announcement on abnormal stock returns. The results show that only the listed and Gre-Tai companies have significant negative abnormal stock returns after the announcement of capital reduction.
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