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Title: | 匯率變動對台灣上市公司營業利潤與股票異常報酬影響之實證研究 Operating Income, Exchange Rate Changes, and Abcdrmal Stock Returns:An Empirical Analysis in Taiwan Stock Market |
Authors: | 傅瑛琪 Fu, Ying-Chi |
Contributors: | 鄭丁旺 Jen, Ding-Wang 傅瑛琪 Fu, Ying-Chi |
Keywords: | 營業利潤 匯率變動 股票異常報酬 operating income exchange rate changes abcdrmal stock returns |
Date: | 1998 |
Issue Date: | 2016-04-27 14:05:11 (UTC+8) |
Abstract: | 台灣因本身自然資源並不豐富,屬於典型的開放性海島經濟,對國際貿易依存度高。匯率是重要的影響台灣總體經濟因素。因亞洲金融風暴影響,導致台幣兌美元匯率大幅貶值。本篇論文旨在探討,自民國86年7月始,新台幣大幅貶值,此項匯率的巨幅波動(波動期)與83年7月至86年6月間(平穩期),究竟對上市公司的營業績效及上市公司的股票報酬,是否造成不同之影響。利用營業利潤受匯率變動的影響,來解釋公司的外匯風險,進一步探討匯率變動與上市公司股票異常報酬的關係。 The purpose of this paper is to identify the categories of exposure that are most likely to effect company`s operating income and the observed association between exchange rate changes and abcdrmal stock returns. The period examined in this paper is July 1994 to December 1997. This period examined is divided .One is July 1994 to June 1997(Exchange rate changes wave is flat) and the other is July 1997 to December 1997(Exchange rate changes wave is inflectional). This paper attempts to understand the different associations among operating income exchange rate changes and abcdrmal stock returns between July 1994 to June 1997 and July 1997 to December 1997. |
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Description: | 碩士 國立政治大學 會計學系 86353009 |
Source URI: | http://thesis.lib.nccu.edu.tw/record/#B2002001604 |
Data Type: | thesis |
Appears in Collections: | [會計學系] 學位論文
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