Publications-Theses

Article View/Open

Publication Export

Google ScholarTM

NCCU Library

Citation Infomation

Related Publications in TAIR

題名 創新交匯:探索台灣創新板與亞洲主要證券市場的對比
Crossroads of Innovation: A Comparative Study of Taiwan Innovation Board and Major Asian Securities Markets
作者 簡伯瑜
Jian, Bo-Yu
貢獻者 蔡政憲
Tsai, Cheng-Hsien
簡伯瑜
Jian, Bo-Yu
關鍵詞 台灣創新板
證券市場
市場流動性
監管機構
Taiwan Innovation Board
Securities markets
Markets liquidity
Regulatory frameworks
日期 2024
上傳時間 5-Aug-2024 13:46:54 (UTC+8)
摘要 台灣創新板 (TIB) 旨在透過提供靈活的上市平台來支持創新企業。本論文比較了TIB與其他主要亞洲創新板塊,包括香港創業板 (GEM)、新加坡凱利板 (Catalist) 和韓國KOSDAQ。研究中識別了影響這些市場成功與挑戰的關鍵因素。 研究結果顯示,由於合格投資者要求嚴格,TIB面臨流動性問題和投資者參與度有限的挑戰。相較之下,KOSDAQ受益於較高的交易量和公共持股比例要求。GEM和Catalist在靈活性和監管監督之間取得平衡,吸引了多元化的投資者群體。 對於TIB的建議包括加強投資者關係、改善流動性以及借鑒其他市場的最佳實踐。這些變革有助於TIB更好地支持創新企業,並增強台灣在全球資本市場中的地位。
The Taiwan Innovation Board (TIB) aims to support innovative enterprises by providing a flexible listing platform. This thesis compares TIB with other major Asian innovation boards, including Hong Kong's GEM, Singapore's Catalist, and South Korea's KOSDAQ. The study identifies key factors that contribute to the success and challenges of these markets. Findings reveal that TIB faces liquidity issues and limited investor participation due to stringent qualified investor requirements. In contrast, KOSDAQ benefits from higher trading volumes and public float requirements. GEM and Catalist balance flexibility with regulatory oversight, attracting diverse investor bases. Recommendations for TIB include enhancing investor relations, improving liquidity, and adopting best practices from other markets. These changes can help TIB better support innovative enterprises and strengthen Taiwan's position in global capital markets.
參考文獻 Billy K. M. AU. 2023. Hong Kong GEM reforms will take effect on 1 January 2024. Hong Kong. Mayer Brown. Charltons. 2014. Comparison of GEM and Second Board of Singapore on listing, transfer and spin-off requirements. Hong Kong. Mondaq. 2024. Hong Kong GEM Listing Reforms Take Effect. https://www.mondaq.com/hongkong/commoditiesderivativesstock-exchanges/1411256/hong-kong-gem-listing-reforms-take-effect. Accessed May 12, 2024. Kwan. 2023. GEM Board: Past, Present, and Future. Momentum, Winter 2023/24: 28-32. 陳脩文. 2024. 「臺灣創新板」推動成效及近期興革. 證券暨期貨月刊. 42 卷1 期: 5-21. 鍾韻琳. 2024. 近期「臺灣創新板」承銷新制介紹. 證券暨期貨月刊. 42 卷1 期: 23-35. 沈中華. 2011. 各國創新板之特色及可提供之加值服務. 證券櫃檯: 32-51.
描述 碩士
國立政治大學
國際經營管理英語碩士學位學程(IMBA)
111933028
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0111933028
資料類型 thesis
dc.contributor.advisor 蔡政憲zh_TW
dc.contributor.advisor Tsai, Cheng-Hsienen_US
dc.contributor.author (Authors) 簡伯瑜zh_TW
dc.contributor.author (Authors) Jian, Bo-Yuen_US
dc.creator (作者) 簡伯瑜zh_TW
dc.creator (作者) Jian, Bo-Yuen_US
dc.date (日期) 2024en_US
dc.date.accessioned 5-Aug-2024 13:46:54 (UTC+8)-
dc.date.available 5-Aug-2024 13:46:54 (UTC+8)-
dc.date.issued (上傳時間) 5-Aug-2024 13:46:54 (UTC+8)-
dc.identifier (Other Identifiers) G0111933028en_US
dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=172267-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 國際經營管理英語碩士學位學程(IMBA)zh_TW
dc.description (描述) 111933028zh_TW
dc.description.abstract (摘要) 台灣創新板 (TIB) 旨在透過提供靈活的上市平台來支持創新企業。本論文比較了TIB與其他主要亞洲創新板塊,包括香港創業板 (GEM)、新加坡凱利板 (Catalist) 和韓國KOSDAQ。研究中識別了影響這些市場成功與挑戰的關鍵因素。 研究結果顯示,由於合格投資者要求嚴格,TIB面臨流動性問題和投資者參與度有限的挑戰。相較之下,KOSDAQ受益於較高的交易量和公共持股比例要求。GEM和Catalist在靈活性和監管監督之間取得平衡,吸引了多元化的投資者群體。 對於TIB的建議包括加強投資者關係、改善流動性以及借鑒其他市場的最佳實踐。這些變革有助於TIB更好地支持創新企業,並增強台灣在全球資本市場中的地位。zh_TW
dc.description.abstract (摘要) The Taiwan Innovation Board (TIB) aims to support innovative enterprises by providing a flexible listing platform. This thesis compares TIB with other major Asian innovation boards, including Hong Kong's GEM, Singapore's Catalist, and South Korea's KOSDAQ. The study identifies key factors that contribute to the success and challenges of these markets. Findings reveal that TIB faces liquidity issues and limited investor participation due to stringent qualified investor requirements. In contrast, KOSDAQ benefits from higher trading volumes and public float requirements. GEM and Catalist balance flexibility with regulatory oversight, attracting diverse investor bases. Recommendations for TIB include enhancing investor relations, improving liquidity, and adopting best practices from other markets. These changes can help TIB better support innovative enterprises and strengthen Taiwan's position in global capital markets.en_US
dc.description.tableofcontents 1. Introduction 1 1.1. Motivation of the Study 1 1.2. Problem Statement 1 1.3. Research Objectives 2 1.4. Methodology 2 2. Literature Review 4 3. Development of the Taiwan Innovation Board (TIB) 6 3.1. Establishment and Objectives 6 3.2. The Perspective of the Applicant Company 7 3.2.1. Conditions for Applying to the TIB 7 3.2.2. Apply for Migration as a Listed Company 10 3.3. From the Perspective of the Investor 12 3.3.1. Qualified Investor 12 3.3.2. Margin Trading 16 3.4. Example: Tigerair 17 4. Comparison of TIB and Other Asian Stock Markets 20 4.1. Features of Main Boards in Asian Capital Markets 21 4.2. Features of Innovation Boards in Asian Capital Markets 24 4.2.1. The GEM in Hong Kong 25 4.2.2. The Catalist in Singapore 27 4.2.3. The KOSDAQ in Korea 29 4.3. Listing Requirements and Related Restrictions 30 4.4. Comparison between Innovation Boards and Main Boards 33 4.5. Chapter Summary 38 5. Conclusion 42 5.1. Summary of Research Findings 42 5.2. Advises for the Development of TIB 43 5.3. Research Limitations and Conclusion 47 Reference 49zh_TW
dc.format.extent 1339557 bytes-
dc.format.mimetype application/pdf-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0111933028en_US
dc.subject (關鍵詞) 台灣創新板zh_TW
dc.subject (關鍵詞) 證券市場zh_TW
dc.subject (關鍵詞) 市場流動性zh_TW
dc.subject (關鍵詞) 監管機構zh_TW
dc.subject (關鍵詞) Taiwan Innovation Boarden_US
dc.subject (關鍵詞) Securities marketsen_US
dc.subject (關鍵詞) Markets liquidityen_US
dc.subject (關鍵詞) Regulatory frameworksen_US
dc.title (題名) 創新交匯:探索台灣創新板與亞洲主要證券市場的對比zh_TW
dc.title (題名) Crossroads of Innovation: A Comparative Study of Taiwan Innovation Board and Major Asian Securities Marketsen_US
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) Billy K. M. AU. 2023. Hong Kong GEM reforms will take effect on 1 January 2024. Hong Kong. Mayer Brown. Charltons. 2014. Comparison of GEM and Second Board of Singapore on listing, transfer and spin-off requirements. Hong Kong. Mondaq. 2024. Hong Kong GEM Listing Reforms Take Effect. https://www.mondaq.com/hongkong/commoditiesderivativesstock-exchanges/1411256/hong-kong-gem-listing-reforms-take-effect. Accessed May 12, 2024. Kwan. 2023. GEM Board: Past, Present, and Future. Momentum, Winter 2023/24: 28-32. 陳脩文. 2024. 「臺灣創新板」推動成效及近期興革. 證券暨期貨月刊. 42 卷1 期: 5-21. 鍾韻琳. 2024. 近期「臺灣創新板」承銷新制介紹. 證券暨期貨月刊. 42 卷1 期: 23-35. 沈中華. 2011. 各國創新板之特色及可提供之加值服務. 證券櫃檯: 32-51.zh_TW