| dc.contributor.advisor | 劉玉珍 | zh_TW |
| dc.contributor.author (Authors) | 王秀平 | zh_TW |
| dc.creator (作者) | 王秀平 | zh_TW |
| dc.date (日期) | 2006 | en_US |
| dc.date.accessioned | 14-Sep-2009 09:01:28 (UTC+8) | - |
| dc.date.available | 14-Sep-2009 09:01:28 (UTC+8) | - |
| dc.date.issued (上傳時間) | 14-Sep-2009 09:01:28 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0094357019 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/30993 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 財務管理研究所 | zh_TW |
| dc.description (描述) | 94357019 | zh_TW |
| dc.description (描述) | 95 | zh_TW |
| dc.description.abstract (摘要) | 國外許多實證研究指出新上市股票長期報酬表現不佳，對投資人來說並非好的投資標的。但實證也指出法人持股比例與股票長期報酬之間有正向關係的存在，其原因可能來自於法人的專業素養、資訊優勢以及擁有監督公司營運的能力。 本研究針對民國86年1月1日到民國95年12月31日，共185家資料完整的新上市公司進行實證研究，以異常報酬率檢驗此現象是否存在。同時驗證法人持股比例與新上市公司股票長期報酬之間的關係。 實證發現台灣新上市公司在上市一年後、兩年後以及四年後的長期報酬皆為負，分別為-2.4％、-0.48％、-1.96％，而此現象在高科技產業特別嚴重，並且也得到迴歸結果的支持。而法人持股比例與新上市股票長期報酬之間呈現顯著的正向關係，代表法人持股比例越高者，其股票報酬越佳，顯示市場相信法人的監督能力。 | zh_TW |
| dc.description.tableofcontents | 第一章 緒論 6 第一節 研究動機與目的 6 第二節 研究流程與架構 8 第二章 文獻回顧 10 第一節 新上市股票長期報酬表現 10 第二節 法人持股對新上市公司股票長期報酬影響 13 第三節 小結 16 第三章 研究方法 18 第一節 研究假說 18 第二節 資料來源與研究樣本 19 第三節 實證模型 21 第四章 實證結果 28 第一節 法人持股比例變化 28 第二節 初次上市後長期股票報酬 30 第三節 迴歸結果 35 第四節 小結 46 第五章 結論 48 第一節 結論 48 第二節 研究限制 50 第三節 研究建議 51 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0094357019 | en_US |
| dc.subject (關鍵詞) | 初次上市公司 | zh_TW |
| dc.subject (關鍵詞) | 股票報酬 | zh_TW |
| dc.title (題名) | 法人持股比例對台灣初次上市公司股票長期報酬的影響 | zh_TW |
| dc.type (資料類型) | thesis | en |
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