政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/82756
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113318/144297 (79%)
Visitors : 51055610      Online Users : 895
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/82756


    Title: Information Transmission of International Stock Market and Domestic Futures Market: Evidence from Taiwan Stock Market
    Authors: 廖四郎
    Tsai, Tsung-Ying;Lian, Yu-Min;Liao, Szu-Lang
    Contributors: 金融系
    Date: 2015-01
    Issue Date: 2016-03-21 15:46:37 (UTC+8)
    Abstract: We construct a model based on market microstructure and examine the information transmission effects of global and domestic impact factors on the Taiwan capitalization weighted stock index (TAIEX). We use the Standard and Poor’s (S&P) 500 closing index and open interest from the Taiwan Futures Exchange (TAIFEX) to represent the global and domestic impact factors, respectively. Examining the trading behavior of foreign and domestic institutions by observing open interest in the futures market reveals the private information of these institutions. The empirical results of our study show that both the lagged S&P 500 closing index and open interests of foreign and domestic institutions significantly affect the TAIEX opening index. In addition, the results indicate that the influence of the global impact factor is more significant than that of the domestic impact factor.
    Relation: International Research Journal of Finance and Economics, No.129, 20-31
    Data Type: article
    Appears in Collections:[Department of Money and Banking] Periodical Articles

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML2950View/Open
    index.html0KbHTML21035View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    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.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback