| Summary: | 碩士 === 南華大學 === 財務金融學系財務管理碩士班 === 104 === Due to the fact that global executes the quantitative easing monetary policy, and Europe is the third largest importer and export region to Taiwan market, the total import and export trade monthly average about $ 4.5 billion, therefore, the implementation monetary policy easing in Europe will affect Taiwan stock market. The study aims to investigate the implementation of the European monetary quantitative easing using event study from January 1, 2014 to June 30, 2015 on the Taiwan stock market based upon three quantitative easing events. The sample in this study uses all Taiwan listed companies and six industries stocks, including electrical machinery, electronics, automobiles, iron and steel, chemistry and finance. The empirical study shows that the implementation monetary quantitative easing in European, the existence of significant positive impact on Taiwan stock market. The electronic stocks, chemical stocks and financial shares have greater impact after the implementation monetary quantitative easing in European. The results of this study provide the consultation to the authority, and robust development of the securities industry. Furthermore, the result can also provide investors decision information.
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