The Impact of Conference Call on Stock Prices
碩士 === 國立彰化師範大學 === 會計學系 企業高階管理(EMBA) === 104 === This paper uses the listed and the Gre-Tai companies as the sample which is in the period of Jan. 1st of 2000 to Jun. 30th of 2015, and further divides the data into two groups which are the bull markets and the bear markets. The case study is employ...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/33337301003612413734 |
| Summary: | 碩士 === 國立彰化師範大學 === 會計學系 企業高階管理(EMBA) === 104 === This paper uses the listed and the Gre-Tai companies as the sample which is in the period of Jan. 1st of 2000 to Jun. 30th of 2015, and further divides the data into two groups which are the bull markets and the bear markets. The case study is employed to investigate the impact of the conference call on company’s stock prices. The empirical results show that the conference call has a positive effect on the stock price in the bull market. Furthermore, we also document that there is a negative relationship between the conference call and the stock price in the bear market for the listed companies; on the other hand, the results reveal that the conference call has a positive effect on the stock price in the bear markets for the Gre-Tai companies. Last but not least, the result of investigation of the market efficiency is consistent with the former-mentioned conclusion.
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