頁籤選單縮合
題 名 | Chinese New Year Effect in Asian Stock Markets |
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作 者 | 顏吉利; 史綱; | 書刊名 | 臺大管理論叢 |
卷 期 | 4:1 1993.05[民82.05] |
頁 次 | 頁417-436 |
分類號 | 563.54 |
關鍵詞 | Stock market; Asia; Chinese New Year; |
語 文 | 英文(English) |
英文摘要 | This paper explores the impact of Chinese New Year on stock prices, known as the Chinese New Year Effect, in Hong Kong, Japan, Malaysia, Singapore, South Korea, and Taiwan. Our findings show that there is solid evidence for the existence of such effect. Using the Wilcoxon testing procedure, annualized 5-day cumulative returns before Chinese New Year are significantly higher than actual annual returns. On the other hand, there is no evidence that cumu-lative returns after Chinese New Year are significantly higher or lower than actual annual returns. |
本系統中英文摘要資訊取自各篇刊載內容。