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    政大機構典藏 > 學術期刊 > 會計評論 > 期刊論文 >  Item 140.119/114745
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/114745


    Title: 運用隨機優勢模式再探討台灣股市本益比效應
    Authors: 劉維琪
    李佳玲
    Date: 1993-04
    Issue Date: 2017-11-15 14:54:41 (UTC+8)
    Abstract: 國外大量的研究證明,低本益比所形成的投資組合比高本益比投資組合可獲得較高的報酬,此即所謂的本益比效應,然而台灣股市的多數實證文獻卻偏向無本益比效應存在,且較少考慮其他控制變數。本研究嘗試以隨機優勢模式再測試本益比資訊內容,並選出規模、盈餘循環、成長率及高低股價期等四項控制變數,再分別探討其對本益比效應的影響。研究結果指出考慮盈餘循環和成長率等變數後,其本益比效應皆因期間而異。當考慮高低股價期因素後,則只有在低股價期,低本益比組合績效較佳,而在高股價期,高本益比組合較具優勢。若再考慮規模大小,則低股價期不論規模大小,仍以選擇低本益比組合為宜。高股價期則選擇小規模低本益比組合或中、大規模高本益比組合,將較具優勢。
    Relation: 會計評論, 27, 1-24
    Data Type: article
    DOI 連結: http://dx.doi.org/10.6552%2fJOAR.1993.27.1
    DOI: 10.6552/JOAR.1993.27.1
    Appears in Collections:[會計評論] 期刊論文

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