| Summary: | 碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 104 === This paper mainly investigates whether the banking sector of Taiwan stocks market affected by international creditors to bail out the Greek government bonds. We use event studies method by using three different models: Mean-Adjusted Returns Model and Market-Adjusted Returns Model and Risk-Adjustment Model.
We use 14 Taiwan Financial Holding Company stock as a research object, from November 2009 to August 2015. The empirical results show that the majority found that the stock return of the financial holding all be affected by the Greek debt bail-out events. The third time’s bailout affairs is more effect than ex-two times. Positive Greek debt bailout event, the impact on Taiwan's financial stocks abnormal return rate found , Mean-Adjusted Returns Model and Market-Adjusted Returns Model results are similar, but different from Risk-Adjusted Returns Model.
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