| dc.coverage.temporal | 計畫年度：91 起迄日期：20020801～20030731 | en_US |
| dc.creator (作者) | 李怡宗 | zh_TW |
| dc.date (日期) | 2002 | en_US |
| dc.date.accessioned | 18-Apr-2007 16:37:30 (UTC+8) | en_US |
| dc.date.accessioned | 8-Sep-2008 15:53:30 (UTC+8) | - |
| dc.date.available | 18-Apr-2007 16:37:30 (UTC+8) | en_US |
| dc.date.available | 8-Sep-2008 15:53:30 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-Apr-2007 16:37:30 (UTC+8) | en_US |
| dc.identifier (Other Identifiers) | 912416H004018.pdf | en_US |
| dc.identifier.uri (URI) | http://tair.lib.ntu.edu.tw:8000/123456789/3893 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/3893 | - |
| dc.description (描述) | 核定金額：721700元 | en_US |
| dc.description.abstract (摘要) | Data from the Taiwan Stock Exchange identify the originator of each submitted order, and there are no designated dealers or specialists. We study marketable order imbalances, i.e., the net order flow resulting from trades that demand immediacy. We distinguish imbalances by trader type (individuals, domestic institutions, foreign institutions) and by the usual size of each trader`s order. Day-to-day persistence in order imbalance is strongest for small foreign institutions and weakest for large individual traders. Such persistence emanates both from splitting orders over time and from herding, and there is little evidence that aggregate price pressures from such persistence last beyond a trading day, indicating that de facto market making is quite effective. We attempt to discern which types of traders are de facto liquidity-providers, which are likely to be informed, and which trade for liquidity reasons. The evidence indicates that all trader classes are successful market makers, large domestic institutions conduct the most informed trades, and large individuals are noise or liquidity traders. | - |
| dc.format | applicaiton/pdf | en_US |
| dc.format.extent | bytes | en_US |
| dc.format.extent | 178863 bytes | en_US |
| dc.format.extent | 178863 bytes | - |
| dc.format.extent | 12529 bytes | - |
| dc.format.mimetype | application/pdf | en_US |
| dc.format.mimetype | application/pdf | en_US |
| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | text/plain | - |
| dc.language | zh-TW | en_US |
| dc.language.iso | zh-TW | en_US |
| dc.publisher (Publisher) | 臺北市：國立政治大學會計學系 | en_US |
| dc.rights (Rights) | 行政院國家科學委員會 | en_US |
| dc.subject (關鍵詞) | 台灣;交易行為;獲利性;台灣證券交易所 | - |
| dc.subject (關鍵詞) | Taiwan;Transaction behavior;Profitability;Taiwan Stock Exchange;Case study | - |
| dc.title (題名) | 交易行為的獲利性：以台灣證券交易所為例 | zh_TW |
| dc.title.alternative (其他題名) | Order Imbalances and Market Efficiency: Evidence from the Taiwan Stock Exchange | - |
| dc.type (資料類型) | report | en |
