TY  - THES
U1  - Bachelor Thesis
A1  - Chiu, Chao-Wen
T1  - The Impact of Cross-Strait Political Events on Taiwan Stock Market- An Event Study
N2  - The changes between Taiwan and China since 1979 have closer both countries in many aspects. This study seeks for evidence proving the impact of cross-strait political events on Taiwan Stock Market. Major events from 1995 to 2017 are identified and examined with event study using market model and both parametric and non-parametric test. By defining 19 events into two groups- Good news and Bad news, the results present significant abnormal returns on event day [0] or after. This suggests that there is significant impact of cross-strait political events on Taiwan Stock Market. Moreover, due to the limited amount of events, this study can only weakly support that Taiwan Stock Market is semi-strong form.
KW  - Taiwan stock market
KW  - Cross-straits relations
KW  - Event study
KW  - Semi-strong form market efficiency
Y2  - 2018
ER  -