The Effect of Rating Reports of Foreign Institutions and Corporate Governance Rating on the Trading Behavior of Investors under different Monitoring Indicators

• Main Authors: Ta-Wei Chien, 簡大崴
• Other Authors: 趙莊敏
• Format: Others
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/ykkf44

碩士 === 國立臺北科技大學 === 經營管理系碩士班 === 105 === The event study is used in this study. The data includes the Top 50 listed companies in the Taiwan stock exchange for the period between Jan 2010 and Dec. 2012. The purpose of this study is to investigate the trading behavior of investors of different kind in Taiwan Stock Exchange when the foreign institutions announced the rating report and based on their performance of corporate governance in different monitor indicator. The results of this study could ( i ) shed some lights on both institutional and individual investor’ trading behavior when the foreign institution publishing the rating report in both red and blue market indicators; ( ii ) have a clear view that the effects of asymmetric information on the trading behavior of different types of investors in various market conditions; ( iii ) let investors know how to trade in both red and blue market indicators; ( iv ) help investors make better decisions while receiving information in both red and blue market indicators