The Impact of the US Fed Interest Rste Increase on Taiwan Stock Market--A Case Study after Quantitative Easing

• Main Authors: LEE, CHAO-CHIA, 李昭佳
• Other Authors: LIAU, YUNG-SHI
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/6wnftf

碩士 === 南華大學 === 財務金融學系財務管理碩士班 === 106 === 　　This research adopts the event study method to investigate the influence on by the rising of interest rate from the Fed Taiwan stock market. Secondly, this research also studies the effect of raising interest rate on of Taiwan listed cabinet industries such as electrical machinery, electronics, financial, plastic and construction industry, etc. This research chooses 4 event days to study the abnormal returns on Taiwan stock market. Empirical results show that the first event day and the third one both demonstrate a significant negative influence on Taiwan stock market, while the second event day and the fourth one demonstrate a significant positive influence. As for the influence on the Taiwan listed cabinet industries, the results in electronic, financial and plastic stocks are significant, while the results in electrical machinery and construction stocks come second.