| dc.contributor | 財管系 | |
| dc.creator (作者) | Chen, Sheng-Syan;Chung, Tsai-Yen;Chung, Ly-Inn | en_US |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.date (日期) | 2001-06 | |
| dc.date.accessioned | 8-Oct-2018 14:44:30 (UTC+8) | - |
| dc.date.available | 8-Oct-2018 14:44:30 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-Oct-2018 14:44:30 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/120407 | - |
| dc.description.abstract (摘要) | This paper examines the importance of investment opportunities and free cash flow in assessing the stock market reaction to announcements of cross-border investments in China by Taiwanese firms. Our results support the investment opportunities hypothesis that Taiwanese firms with favorable investment opportunities have significantly positive response to the announcements of their investments in China whereas firms with poor investment opportunities have negative response to such announcements. In contrast, we find no support for the free cash flow hypothesis. Our findings add to the understanding of the determinants of the wealth effect of cross-border investment decisions in the Asia-Pacific region. | en_US |
| dc.format.extent | 75198 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Review of Quantitative Finance and Accounting, Vol.16, No.4, pp.299-310 | |
| dc.subject (關鍵詞) | cross-border investments; investment opportunities; free cash flow | en_US |
| dc.title (題名) | Investment Opportunities, Free Cash Flow and Stock Valuation Effects of Corporate Investments: The Case of Taiwanese Investments in China | en_US |
| dc.type (資料類型) | article | |
