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題名 交易時間與非交易時間盈餘宣告之日內效應
其他題名 The Intraday Speed of Market Adjustment to Trading and Non-Trading Hours Earnings Announcement
作者 顏錫銘;闕河士
關鍵詞 盈餘宣告;交易時間;非交易時間;日內效應;市場結構
Earnings announcement;Traiding time;Nontraiding time;Intraday efficience;Market structure
日期 1999
上傳時間 18-Apr-2007 16:42:02 (UTC+8)
Publisher 臺北市:國立政治大學財務管理學系
摘要 本研究主要是以台灣證券交易所的股票日內交易資料為基礎,比較交易時間與非交易時間的季盈餘宣告之日內量價變化,藉以了解台灣股票市場的資訊傳遞情形。實證結果主要有二點發現:第一,在控制盈餘增加或減少後,交易時間與非交易時間盈餘宣告的日內每15分鐘價格變化並無顯著差異。第二,盈餘減少宣告的價格反應幅度大於盈餘增加宣告,顯示投資人對壞消息的意外程度遠大於好消息。
The main purpose of this study is to examine whether the quarterly earnings announcements during nontrading hours can be response more quickly than those during trading hours in Taiwan stock market. The quarterly earnings announcement sample is selected from firms listed on Taiwan Stock Exchange and they are partitioned into earnings increases and earnings decreases sample sets. The main findings can be summarized as follows: First, there is no significant difference of intraday trading price change between quarterly earnings announcements during trading and nontrading hours. Second, the abnormal returns in earnings decreases sample is larger than in earnings increases sample.
描述 核定金額:560800元
資料類型 report
dc.coverage.temporal 計畫年度:88 起迄日期:19980801~19990731en_US
dc.creator (作者) 顏錫銘;闕河士zh_TW
dc.date (日期) 1999en_US
dc.date.accessioned 18-Apr-2007 16:42:02 (UTC+8)en_US
dc.date.accessioned 8-Sep-2008 16:33:56 (UTC+8)-
dc.date.available 18-Apr-2007 16:42:02 (UTC+8)en_US
dc.date.available 8-Sep-2008 16:33:56 (UTC+8)-
dc.date.issued (上傳時間) 18-Apr-2007 16:42:02 (UTC+8)en_US
dc.identifier (Other Identifiers) 882416H004003.pdfen_US
dc.identifier.uri (URI) http://tair.lib.ntu.edu.tw:8000/123456789/4165en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/4165-
dc.description (描述) 核定金額:560800元en_US
dc.description.abstract (摘要) 本研究主要是以台灣證券交易所的股票日內交易資料為基礎,比較交易時間與非交易時間的季盈餘宣告之日內量價變化,藉以了解台灣股票市場的資訊傳遞情形。實證結果主要有二點發現:第一,在控制盈餘增加或減少後,交易時間與非交易時間盈餘宣告的日內每15分鐘價格變化並無顯著差異。第二,盈餘減少宣告的價格反應幅度大於盈餘增加宣告,顯示投資人對壞消息的意外程度遠大於好消息。-
dc.description.abstract (摘要) The main purpose of this study is to examine whether the quarterly earnings announcements during nontrading hours can be response more quickly than those during trading hours in Taiwan stock market. The quarterly earnings announcement sample is selected from firms listed on Taiwan Stock Exchange and they are partitioned into earnings increases and earnings decreases sample sets. The main findings can be summarized as follows: First, there is no significant difference of intraday trading price change between quarterly earnings announcements during trading and nontrading hours. Second, the abnormal returns in earnings decreases sample is larger than in earnings increases sample.-
dc.format applicaiton/pdfen_US
dc.format.extent bytesen_US
dc.format.extent 31994 bytesen_US
dc.format.extent 31994 bytes-
dc.format.extent 13998 bytes-
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdf-
dc.format.mimetype text/plain-
dc.language zh-TWen_US
dc.language.iso zh-TWen_US
dc.publisher (Publisher) 臺北市:國立政治大學財務管理學系en_US
dc.rights (Rights) 行政院國家科學委員會en_US
dc.subject (關鍵詞) 盈餘宣告;交易時間;非交易時間;日內效應;市場結構-
dc.subject (關鍵詞) Earnings announcement;Traiding time;Nontraiding time;Intraday efficience;Market structure-
dc.title (題名) 交易時間與非交易時間盈餘宣告之日內效應zh_TW
dc.title.alternative (其他題名) The Intraday Speed of Market Adjustment to Trading and Non-Trading Hours Earnings Announcement-
dc.type (資料類型) reporten