政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/4165

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113392/144379 (79%)
Visitors : 51207630 Online Users : 952

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大典藏 > College of Commerce > Department of Finance > NSC Projects > Item 140.119/4165

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/4165

Title:	交易時間與非交易時間盈餘宣告之日內效應
Other Titles:	The Intraday Speed of Market Adjustment to Trading and Non-Trading Hours Earnings Announcement
Authors:	顏錫銘;闕河士
Keywords:	盈餘宣告;交易時間;非交易時間;日內效應;市場結構 Earnings announcement;Traiding time;Nontraiding time;Intraday efficience;Market structure
Date:	1999
Issue Date:	2007-04-18 16:42:02 (UTC+8)
Publisher:	臺北市：國立政治大學財務管理學系
Abstract:	本研究主要是以台灣證券交易所的股票日內交易資料為基礎,比較交易時間與非交易時間的季盈餘宣告之日內量價變化,藉以了解台灣股票市場的資訊傳遞情形。實證結果主要有二點發現:第一,在控制盈餘增加或減少後,交易時間與非交易時間盈餘宣告的日內每15分鐘價格變化並無顯著差異。第二,盈餘減少宣告的價格反應幅度大於盈餘增加宣告,顯示投資人對壞消息的意外程度遠大於好消息。 The main purpose of this study is to examine whether the quarterly earnings announcements during nontrading hours can be response more quickly than those during trading hours in Taiwan stock market. The quarterly earnings announcement sample is selected from firms listed on Taiwan Stock Exchange and they are partitioned into earnings increases and earnings decreases sample sets. The main findings can be summarized as follows: First, there is no significant difference of intraday trading price change between quarterly earnings announcements during trading and nontrading hours. Second, the abnormal returns in earnings decreases sample is larger than in earnings increases sample.
Description:	核定金額：560800元
Data Type:	report
Appears in Collections:	[Department of Finance] NSC Projects

Files in This Item:

File	Description	Size	Format
882416H004003.pdf		31Kb	Adobe PDF2	1707	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...