政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/62431

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113148/144119 (79%)
Visitors : 50706189 Online Users : 583

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/62431

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/62431

Title:	Information Trading around Open Market Share Repurchases: Evidence from the Taiwan Stock Exchange
Authors:	周冠男;余奕旻 Chou, Robin K.;Yu, Yi-Min
Contributors:	政大財管系
Date:	2011-08
Issue Date:	2013-12-12 17:11:38 (UTC+8)
Abstract:	We examine the information trading around open market share repurchases on the Taiwan Stock Exchange (TSE). Because of the distinctive regulations of share repurchases in Taiwan, our samples offer a unique opportunity to test changes in information trading during share repurchases. We show that the risk of information trading significantly increases during the repurchase execution period and reverts back in the post-expiration period. It is likely that some uninformed traders leave the market in the execution period, in anticipation of higher information uncertainties. Therefore, the remaining uninformed traders collectively face higher possibility of trading with informed traders.
Relation:	Applied Economics Letters, 18(10), 973-981
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1080/13504851.2010.520662
DOI:	10.1080/13504851.2010.520662
Appears in Collections:	[財務管理學系] 期刊論文

Files in This Item:

File	Description	Size	Format
973981.pdf		188Kb	Adobe PDF2	1003	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

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。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

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。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...