... on stock price crash risk in developed country markets in the USA and Japan, and these studies provide contradicting evidence. Specifically, the current study extends these works to an Asian emerging market, Taiwan. This study makes several contributions to the literature. First, previous studies...

...Wen-Ming Szu; Wan-Ru Yang Purpose – This paper investigates changes in risk-neutral distribution derived from Taiwan stockindex options under different market conditions. The purpose of this paper is to explore whether individual investor sentiment significantly influences the Taiwan option...

... over cost‐based CARs is also explored. Design/methodology/approach Using data from Taiwan banks from 2004 to 2010, the following tests are conducted. First, the insolvency risk is regressed on the reported CAR, along with the related interaction with the adoption of TFAS No. 34 to test the weakened...

.../approach This study examines performance persistence and investor timing ability of 200 domestic equity mutual funds in Taiwan between 1996 and 2009. In particular, a performance gap measuring the difference between dollar‐weighted average monthly returns and geometric average monthly returns is used...

...Susana Yu; Yu‐Fen Chen; Sheng‐Yung Yang; Fu‐Lai Lin Purpose The purpose of this paper is to: investigate whether the foreign institutional investors in Taiwan herd towards the stocks in the same industry; identify the causes of industrial herding; analyze whether herding behavior impacts future...

...+1² is explained by the forecast h_t+1| t². © Emerald Group Publishing Limited 2010 Taiwan Futures markets Financial risk Stocks Volatility forecasting has gained in importance during the last two decades since large movements...

...Ching‐Hai Jiang; Hsiang‐Lan Chen; Yen‐Sheng Huang Purpose The purpose of this paper is to examine the relationship between capital expenditures and corporate earnings for 357 manufacturing firms listed on the Taiwan Stock Exchange over the sample period 1992‐2002. Design/methodology/approach...

... dynamic portfolios) has become possible and popular. Therefore, the purpose of this paper is to construct a multi‐factor model for Taiwan stock universe using fundamental technical descriptors and then to apply the equity market neutral investing using multiple‐factor models as a tool. Design/methodology...

...Vivien W. Tai; Yao‐Min Chiang; Robin K. Chou Purpose Taiwan OTC market is an electronic, order driven, call market. The purpose of this paper is to gain understanding of whether trade size or number of transaction provides more information on explaining price volatility and market liquidity...

... on performance. Findings The evidences in Taiwan suggest that there exist positive associations between the amount of stock bonuses and firms’ operating performance. It is also found that firms with larger firm size or high growth opportunity tend to adopt stock bonus Research limitations/implications...

...) completed a project continuation decision using an instrument previously employed by Harrell and Harrison (1994) on U.S. subjects, and Harrison, Chow, Wu and Harrell (1999) on Chinese nationals from Taiwan. Results indicated that while the PRC subjects generally had a lower tendency than these other groups...

... to functional experts in the area. Rather, successful IT application requires cognizance of its integral link to organizational processes and systems, such that concomitant changes in the latter are required for the full benefits of IT applications to be realized. To the extent that workers in Taiwan have...

...Chee W. Chow; Kamal M. Haddad; Anne Wu This study contributes exploratory evidence on the relationships between corporate culture and company size, competitive environment and corporate performance in the U.S. and Taiwan. The findings indicate that environmental uncertainty – one aspect of industry...

... at a price which will attract investors. Outlines the tax systems in Taiwan, South Korea and New Zealand and uses the model to explain why companies in the former two countries issue preference share but New Zealand firms to not. © MCB UP Limited 2002 Accounting research Financing Shares...

...Parvez Ahmed; Kristine Beck; Elizabeth Goldreyer Outlines previous research on stock market efficiency and technical trading rules in both developed and emerging markets. Uses variable moving average (VMA) models to develop five technical trading rules and applies them to markets in Taiwan...

...Yim‐Yu Wong; Thomas E. Maher; Joel D. Nicholson; Chi‐wen Chen Assesses the effects of the Asian economic crisis on Taiwan and identifies some reasons why it has been less dramatically affected than other Asian countries. Discusses its actual and planned policies aimed at strengthening the economy...