| dc.contributor | 金融系 | |
| dc.creator (作者) | Shen, Chung-Hua;Lin, Kun-Li | |
| dc.creator (作者) | 沈中華 | zh_TW |
| dc.date (日期) | 2010 | |
| dc.date.accessioned | 18-Mar-2015 14:35:45 (UTC+8) | - |
| dc.date.available | 18-Mar-2015 14:35:45 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-Mar-2015 14:35:45 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/73906 | - |
| dc.description.abstract (摘要) | This study investigates whether corporate governance affects the impact of the relationship between fundamental signals and stock returns using Taiwanese data. The study employs the endogenous switching model (ESM) of Hu and Schiantarelli (1998), which combines the response equation and governance index equation simultaneously. We divide the sample into strong and weak governance regimes. Our results suggest that stock returns respond differently in different governance regimes. The beneficial response is greater in the strong governance regime than in the weak one, suggesting that it is worth improving governance for firms. | |
| dc.format.extent | 125 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Emerging Markets Finance and Trade, Volume 46, Issue 5 | |
| dc.subject (關鍵詞) | corporate governance; endogenous switching model; fundamental analysis; governance index | |
| dc.title (題名) | The Impact of Corporate Governance on the Relationship Between Fundamental Information Analysis and Stock Returns | |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.2753/REE1540-496X460506 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.2753/REE1540-496X460506 | en_US |
