日月光收購矽品的套利操作

• 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

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.