The Impact of Cross-Strait Political Events on Taiwan Stock Market- An Event Study
- 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.
| Author: | Chao-Wen Chiu |
|---|---|
| Advisor: | Uwe Hack |
| Document Type: | Bachelor Thesis |
| Language: | English |
| Year of Completion: | 2018 |
| Granting Institution: | Hochschule Furtwangen |
| Release Date: | 2018/03/01 |
| Tag: | Cross-straits relations; Event study; Semi-strong form market efficiency; Taiwan stock market |
| Degree Program: | IBM - International Business Management |
| Functional area: | Finance & Accounting |
| Licence (German): |  Urheberrechtlich geschützt |