The Influences of Relaxing Price Limits on Taiwan Stock Market
碩士 === 國立雲林科技大學 === 財務金融系 === 104 === This study was designed to investigate the impact on Taiwan's stock market volatility and liquidity after relaxing Price Limits. Most of literatures consider a more lenient price limits, its stock market volatility is higher. In terms of liquidity, with rel...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/23779218848332766976 |
| Summary: | 碩士 === 國立雲林科技大學 === 財務金融系 === 104 === This study was designed to investigate the impact on Taiwan's stock market volatility and liquidity after relaxing Price Limits. Most of literatures consider a more lenient price limits, its stock market volatility is higher. In terms of liquidity, with relaxing Price Limits, the effect of Trading Interference Hypothesis will reduce, the volume and liquidity will increase. This study used Regression Analysis and Event Study as study method .The result of regression analysis shows that the trading volume is not significant and the volatility increase after relaxing Price Limits. The result of Event Study shows that the most of abnormal volume (AVOL) and abnormal variance (AVAR) are less than 0.
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