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    Title: 台灣企業購併宣告對股東財富之影響
    Authors: 葉秋美
    Ye, Qiu-Mei
    Contributors: 顏錫銘
    Yan, Xi-Ming
    葉秋美
    Ye, Qiu-Mei
    Keywords: 購併
    結構變化點
    事件研究法
    台灣
    股東
    購併宣告
    Mergers & Acquisitions
    Structure change
    Event study
    International-trade
    Business
    Date: 1993
    Issue Date: 2016-04-29 16:43:35 (UTC+8)
    Abstract: 嘗試放棄傳統事件研究法 (event study)的固定系統 ,先針對股價的結構變化點作檢定,找出子區間的分到傳統的方法,根據系統風險改變的時點找出估計期窗口(-5, 5)中 AR、CAR 的變化情形,以測試資本市告之反應,並試圖找出其可能的影響因素。實證結果告對主併公司的股東財富雖然有正面影響(僅1.82﹪) ,但整個宣告窗口的累積效果似乎不大;而跨國購併之間的差異(國際效果),除了購併宣告當日外顯然另外,水平型態的購併事件與產業的技術密集程度之宣告日後才顯現出來,至於支付方式對宣告效果所產國外的實證結果不符,而購併成功與否對主併公司之顯。
    Reference: 一、中文部份
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    Description: 碩士
    國立政治大學
    國際經營與貿易學系
    G80351025
    Source URI: http://thesis.lib.nccu.edu.tw/record/#B2002004173
    Data Type: thesis
    Appears in Collections:[國際經營與貿易學系 ] 學位論文

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