English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 93218/123590 (75%)
Visitors : 27751235      Online Users : 860
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 >  Item 140.119/72662
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/72662


    Title: Are There Long Cycles in Foreign Stock Returns?
    Authors: 賴松鐘
    Lai, Michael;Lai, Kon S.;Cheung, Yin-Wong
    Contributors: 財管系
    Date: 1993
    Issue Date: 2015-01-08 17:18:43 (UTC+8)
    Abstract: This study employs a new modified rescaled range (WS) test to examine the long memory behavior of stock returns in four foreign markets. Unlike the conventional FUS analysis, the modified WS analysis is robust to short-term dependence and conditional heteroskedasticity, that are shown to exist in stock return data. Empirical results show that the conventional and new modified RIS analyses can lead to entirely different conclusions about the presence of long cycles in foreign stock returns. While the conventional WS analysis seems to indicate the presence of long cycles, no significant evidence of long cycles can be found using the modified R/S analysis once short-term dependence and conditional heteroskedasticity in the data are accounted for. Implications of the findings are discussed.
    Relation: Journal of International Financial Markets Institutions & Money, 3(1), 33-47
    Data Type: article
    Appears in Collections:[財務管理學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    3347.pdf177KbAdobe PDF451View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback