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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/30016

    Title: 不同交易制度下之資訊不對稱
    Information Asymmetry Under Different Mechanisms
    Authors: 陳宜真
    Chen, Yi-Jen
    Contributors: 郭維裕
    Kuo, Wei-yu
    Chen, Yi-Jen
    Keywords: 資訊不對稱
    three components
    bid-ask spread
    Date: 2002
    Issue Date: 2009-09-11 17:04:10 (UTC+8)
    Abstract: 中文摘要
    The three components, adverse selection component, order processing component and inventory holding cost, of companies which regarded as foreign companies in terms of the capital market are different from those in domestic capital market. In this paper, the adverse selection components of the stocks we choose in NYSE or NASDAQ are significant higher than those in TSEC. It implies the differences of capital markets, such as currency ,regulation and easy or not obtaining the private information of the company. Furthermore, similar to previous studies, there are strong tendencies for buys follow buys and sells follow sells. We find that the most part of proportion of order persistence derives from price limit in TSEC.
    Reference: References
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    Paul Brockman and Dennis Y. Chung, 1999, Bid-Ask spread components in an order-driven environment, The Journal of Financial Research 12, 227-246.
    Description: 碩士
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0090351032
    Data Type: thesis
    Appears in Collections:[國際經營與貿易學系 ] 學位論文

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