Granger Causality of Hon Hai Share prices, Revenues and Economic Factors
碩士 === 中國文化大學 === 經濟學系 === 103 === In this paper, we discuss the Hon Hai shares, monthly revenue and economic factors. We use the Johansen cointegration test, vector error correction model and vector error correction Granger causality to examine the linkages across variables. Empirical period from J...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2015
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| Online Access: | http://ndltd.ncl.edu.tw/handle/17511030990786883443 |
| Summary: | 碩士 === 中國文化大學 === 經濟學系 === 103 === In this paper, we discuss the Hon Hai shares, monthly revenue and economic factors. We use the Johansen cointegration test, vector error correction model and vector error correction Granger causality to examine the linkages across variables. Empirical period from January 2007 to December 2014.
The empirical results, we found monthly revenue and stock price only one-way causality and effect of other economic factors on the Hon Hai stock price with monthly revenue are also too. Which part of the stock price ahead of broader market because it is important for the Taiwan Index. Monetary policy is positive affect the stock price. However, only the exchange rate has a direct and lead impact about the revenue. Most of the results are the same as predicted in advance. The only difference between the stock price and monthly revenue in advance. They should be two-way causality.
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