| dc.contributor | 國貿系 | en_US |
| dc.creator (作者) | 謝淑貞 | zh_TW |
| dc.creator (作者) | Shieh,Shwu-Jane;Lin,Chih-Yung;Ho,Po-Hsin | en_US |
| dc.date (日期) | 2012-02 | en_US |
| dc.date.accessioned | 25-Nov-2014 11:41:54 (UTC+8) | - |
| dc.date.available | 25-Nov-2014 11:41:54 (UTC+8) | - |
| dc.date.issued (上傳時間) | 25-Nov-2014 11:41:54 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/71656 | - |
| dc.description.abstract (摘要) | This article investigates the determinants of large changes in stock prices. Empirical evidences suggest that the asymmetry phenomenon in determinants of large changes in stock prices is found in three stock exchanges. In the New York Stock Exchange (NYSE), momentum effect accounts for most of the likelihood of big gains in stock prices, while liquidity characteristics account for sharp declines of stock prices. An interesting finding is that the opposite is true for stocks traded in Amex and NASDAQ. The possible explanations of the different results in different stock exchanges may attribute to the characteristics of firms listed in these stock exchanges are different. | en_US |
| dc.format.extent | 773892 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | The Quarterly Review of Economics and Finance,52(2),183-197 | en_US |
| dc.subject (關鍵詞) | Large change in stock price; Market and liquidity; Size and book-to-market ratio; Momentum effect | en_US |
| dc.title (題名) | Large changes in stock prices: Market, liquidity, and momentum effect | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1016/j.qref.2012.02.003 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/http://dx.doi.org/10.1016/j.qref.2012.02.003 | en_US |
