日月光收購矽品的套利操作

碩士 === 國立高雄第一科技大學 === 金融研究所 === 104 === This paper inspects the merger between ASE and SPIL, the returns from the announcement to the day of acquisition and the financial instruments to arbitrage. The results show that the one being acquired has positive return after the announcement, but it turned...

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Bibliographic Details
Main Authors: Cheng-Ho Shih, 石振合
Other Authors: Der-Yuan Yang
Format: Others
Language:zh-TW
Published: 2016
Online Access:http://ndltd.ncl.edu.tw/handle/97148016107575187722
Description
Summary:碩士 === 國立高雄第一科技大學 === 金融研究所 === 104 === This paper inspects the merger between ASE and SPIL, the returns from the announcement to the day of acquisition and the financial instruments to arbitrage. The results show that the one being acquired has positive return after the announcement, but it turned negative on the last acquisition day. In contrast, the acquirer has no significant impact on the day of announcement, but there is negative return on the last day of acquisition.