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Smith, Susan Carolyn. "Women, motherhood and return to study experiences." Thesis, University College London (University of London), 1994. http://discovery.ucl.ac.uk/10021522/.
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At a time when women are being encouraged to return to education because of changing demographic trends, this study explores the experiences of a group of women who are students on a variety of courses in further and adult education. Much research has already been conducted on women students in higher education and the 'problems' they encounter in taking on the student role, much less is known about the not so prestigious post sixteen sector. The study is grounded in a feminist perspective and utilises a qualitative methodology. A series of in-depth interviews were conducted during one academic year and adopted a life history format. The women were given the opportunity to tell their own stories in their own way and the importance of utilising this approach in reaching the 'private' accounts is highlighted. The first five chapters of the thesis are therefore concerned with presenting the background to the study; locating it within the literature; identifying the characteristics of a feminist perspective and the utilisation of in-depth interviews as the method of research. The following three chapters are concerned with a presentation of the data and emphasise the crucial importance of women's lives in the private sphere in the shaping of the return to study experience. Many of the problems they experience when they take on the student role are associated with fitting it in with the wife and mother roles. In addition a number of the women were studying at an institution which gave very little recognition to the needs of mature students. Two chapters are concerned with identifying the key aspects of the women's experiences and deconstruct the concepts of 'support' and 'fitting in' derived from the data. Based upon this, the ways in which the women negotiated the intersection between the public and private spheres is explored. In accordance with the underlying assumption of the thesis, that it should not just describe but prescribe action in the promotion of 'equal opportunities', the implications for policy and practice in women's education are outlined.
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Beslija, Hasan, and Carl Åkesson. "Kungörandet av företagsförvärv, vad händer sedan? : En undersökning på hur bolagens storlek och förvärvsform påverkar abnormal avkastning på kort sikt i samband med kungörandet av ett företagsförvärv för bolag noterade på Stockholmsbörsen." Thesis, Linköpings universitet, Institutionen för ekonomisk och industriell utveckling, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-177628.
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Abstract Title: Announcing an acquisition, what happens next? Authors: Carl Åkesson and Hasan Beslija Supervisor: Katarina Eriksson Background: Sweden is the Nordic region's largest market for M&A. Despite this, there is a limited research base for how acquisitions affect abnormal returns on the Swedish stock market. There is no consensus among previous studies on how the bidding firms are affected in the short run by acquisitions or how the abnormal return is affected by firm size and form of acquisition. Purpose: The purpose of the study is to investigate whether there is an abnormal return in the short run for bidding firms when announcing an acquisition and how it differs between different company sizes and different forms of acquisitions. Methodology: The study is of quantitative nature and has been conducted with a deductive approach. The research questions of this study have been chosen with previous studies in mind. Furthermore, the study has used two methods; event study and regression analysis. In addition to these methods, tests have been carried out with the aim of statistically ensuring the abnormal return that has arisen in the event study. Results: The results of the study show that an announcement of an acquisition leads to a negative average cumulative abnormal return in the short run. For the different company sizes, large cap has the most negative average cumulative abnormal return. For the various acquisition forms, horizontal acquisitions have the most negative average cumulative abnormal return. The study's regression analysis show that company size and acquisition form have a low degree of explanation for the emergence of abnormal returns. Keywords: Abnormal returns, acquisitions, event study, cumulative abnormal return
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LIMA, JANE MARIA FURGHESTTI. "RETURN TO ME AND I WILL RETURN TO YOU: AN EXEGETICAL STUDY IN JL 2:12-18." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2013. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=22136@1.
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PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIROCOORDENAÇÃO DE APERFEIÇOAMENTO DO PESSOAL DE ENSINO SUPERIOR
PROGRAMA DE SUPORTE À PÓS-GRADUAÇÃO DE INSTS. DE ENSINO
O livro de Joel poder ser considerado uma unidade teologicamente unificada dentro da literatura profética por causa da temática do yôm YHWH. O contexto de Jl 2,12-18 é de uma catástrofe natural que provoca a carestia e ausência dos produtos necessários para subsistência. Diante desta situação de crise, o povo de Judá-Jerusalém vive uma condição de apatia espiritual. Ainda há, no entanto, esperança de que por meio de uma ação litúrgica se possa mudar este contexto desfavorável. O profeta, então, seguindo a convocação de YHWH, interpela a comunidade para que ela possa fazer o processo de retorno a Ele. É neste contexto que se desvela o tema do yôm YHWH. Este yôm não é considerado uma ameaça para o bem estar da comunidade. Ao contrário, o yôm YHWH é interpretado como um dia de salvação para Judá-Jerusalém, porque YHWH é um refúgio e uma proteção para seu povo. O chamado do profeta para retornar a YHWH é interpretado como uma convocação para o povo honrá-lo, demonstrando uma renovada lealdade e confiança com gestos sinceros demonstrados por ritos religiosos. O sentido último deste retorno para YHWH não se refere aos pecados do povo. Este retorno expressa o desejo sincero de retornar e ouvir a palavra de YHWH, novamente, numa situação de aflição. Neste contexto, retomada a relação de comunhão entre a comunidade e YHWH, o povo aceita a oferta da graça divina e retorna para Ele, com todo seu coração. YHWH não somente restaura os bens materiais a seu povo, mas oferece seu coração e seu próprio ser. Ele retorna para Judá-Jerusalém, enquanto seu povo também retorna a Ele.
The book of Joel can be considered a unit theologically unified within the prophetic literature because of the theme of yôm YHWH. The context of Jl 2:12- 18 is a natural catastrophe that causes famine and lack of necessary products for subsistence. Facing this situation of crisis, the people of Judah-Jerusalem live a condition of spiritual apathy. There is still, however, hope that through a liturgical action is to change this unfavorable context. The prophet, then, following the call of YHWH, calls out to the community to make the process of returning to Him. In this context that unveils the theme of yôm YHWH. This yôm is not considered a threat to the welfare of the community. Instead, the yôm YHWH is interpreted as a day of salvation for Judah-Jerusalem, because YHWH is a refuge and a protection for his people. The prophetic call to return to YHWH is interpreted as a call for the people honor Him, demonstrating a renewed loyalty and trust with sincere gestures demonstrated by religious rites. Ultimate meaning of this return to YHWH does not refer to the sins of the people. This return expresses a sincere desire to return and hear the word of YHWH, again, in a situation of distress. In this context, the retaking of communion relationship between the community and YHWH, the people accept the offer of divine grace and return to Him with all your heart. YHWH restores not only material goods to his people, but his heart and offers its own being. He returns to Judah-Jerusalem, while his people also return to Him.
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Maltsbarger, Kelli M. "Does an Academy Award affect Stock Return?" Scholarship @ Claremont, 2011. http://scholarship.claremont.edu/cmc_theses/185.
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This study examines the affect of winning an Academy Award on the stock price of parent companies. On average, receiving an Oscar has no significant impact on the stock of parent companies during the few days surrounding the broadcast of the Academy Awards. The findings of this study introduce questions of external interference and possible limitations on this type of research. However, my study sheds light on future topics of investigation for analyzing the effects of televised award shows on the stock market.
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Cen, Zhiyu, and 岑知宇. "Chinese heritage language teaching for return migrants inHong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2012. http://hub.hku.hk/bib/B50177345.
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Over the last decade, a significant number of overseas Chinese including Hong Kong emigrants have returned to Hong Kong. Many returnees, especially those who learnt Chinese as a heritage language, often encounter various language difficulties upon their return mainly due to their incompletely acquired version of the Chinese language. However, there is little research on the Chinese language learning and teaching for this special community, which is inherently different from native Chinese learners or second-language learners. This work explores various pioneering ways to develop returnees’ greater fluency in the Chinese language and especially to improve their practical literacy skills. We intend to evaluate and further develop their awareness of the orthographic principles operating in Chinese characters. We believe that this is a key step to help Chinese returnees quickly integrate themselves to the local society.published_or_final_version
Education
Master
Master of Education
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Mandell, Mikael. "Corporate Takeovers in Sweden : The effect on bidder´s shareholder return." Thesis, Jönköping University, JIBS, Economics, 2005. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-214.
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Syftet med den här magisteruppsatsen är att undersöka hur tillkännagivandet av företags-förvärv påverkar aktieavkastningen på ett uppköpande bolaget. Testet är begränsat till före-tag som enbart är listade på Stockholmsbörsen under perioden 1996 till 2005. För att testa onormal avkastning användes marknads modellen. Resultatet visade att tillkännagivandet av företagsförvärv har en signifikant effekt på avkastningen för aktien för det bolag som ska förvärva. Majoriteten av uppköpande bolag upplevde en negativ onormal avkastning under test perioden (100 dagar före tillkännagivandet och 100 dagar efter).
The purpose of this master’s thesis is to examine the effect a corporate takeover an-nouncement has on share prices for acquiring companies. The test will only involve com-panies listed on the Stockholm Stock Exchange during the period 1996 to 2005. To test the effect an announcement has, abnormal return for a period before and after the takeover announcement was calculated. The findings from the testing showed that takeover an-nouncements have a significantly impact on shareholder return. The majority of acquirers in the sample had negative average abnormal returns during the event period (100 days prior to the announcement and 100 day after).
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Grindle, Trent W. "Return migration, a case study from Swan River Valley, Manitoba." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 2000. http://www.collectionscanada.ca/obj/s4/f2/dsk1/tape2/PQDD_0010/MQ53162.pdf.
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Huang, Yedan. "Return migration a case study of "sea turtles" in Shanghai /." Click to view the E-thesis via HKUTO, 2008. http://sunzi.lib.hku.hk/HKUTO/record/B39558629.
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Wang, Ying, and 王瑩. "A study of mutual fund flow and market return volatility." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2003. http://hub.hku.hk/bib/B26843572.
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黃曄丹 and Yedan Huang. "Return migration: a case study of "sea turtles" in Shanghai." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2008. http://hub.hku.hk/bib/B39558629.
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Wårhag, Elias, and Ioan Tepes. "Autocall versus underlying assets : A study on how changes in the return of the underlying assets affect the autocall's returns." Thesis, Internationella Handelshögskolan, Jönköping University, IHH, Nationalekonomi, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-49485.
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Autocallable structured products represent an investment opportunity which has been growing in both the European and American market since they were first launched. The value of these structured products is dependent on how their underlying assets perform, which can consist of stocks, indexes or other assets. With a sample size of 30 structured products we provide research on the relation between the products return and the return of the underlying assets. Specifically, the purpose of the study is to analyse how increases in the returns of the underlying assets affect the returns in the products. Using an ordinary least squares regression model, we find that the return in the underlying assets, the issuers credit rating and the interest rate at issuance have a statistically significant effect on the returns in the products. We conclude that in our sample, an increase in the underlying assets returns results in a less than equal increase in the returns of the autocalls.
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Jones, Tracey Eleanor. "Adolescent cancer survivors return to school following treatment : a qualitative study." Thesis, University of Leeds, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.418733.
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Shaw, Lynn Edith. "Understanding return to work, an exploratory study of the individual's perspective." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1998. http://www.collectionscanada.ca/obj/s4/f2/dsk2/tape17/PQDD_0003/MQ32506.pdf.
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Che, Yuen Shan. "A study on the risk and return of option writing strategies." HKBU Institutional Repository, 2015. https://repository.hkbu.edu.hk/etd_oa/187.
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This thesis conducts an extensive study on the risk and return of option writing strategies. Chapter 2 compares covered option writing strategies with pure directional futures positions. Specifically, the chapter compares the performance of a covered call writing strategy with a long futures position and that of a covered put writing strategy with a short futures position. The empirical results show that the covered option writing strategies outperform the corresponding pure directional futures positions on a risk-adjusted basis. Chapter 3 of the thesis focuses on studying returns from writing uncovered or “naked at-the-money (ATM) and out-of-the-money (OTM) put and call options. The mean returns from writing call options and writing put options are both positive. The returns from writing put options are higher than those from writing call options. The study finds that the market return and the realized volatility are negatively related, consistent with the general findings. The negative correlation between futures returns and the volatility forces the returns from writing put options to be more negatively skewed than the returns from writing call options. These findings help explaining the high volatility spread (or negative volatility risk premium) investors are willing to pay for put options. Even astute traders may find the prices of put options are justified since put options are powerful instruments to bet simultaneously on both the market direction and the volatility. The results of the chapter also provide an alternative explanation on the implied volatility structure of put and call options. Chapter 4 extensively tests the economic value of forecasting volatility by comparing the performance between trades that incorporate a volatility forecast and those that do not. The chapter is motivated by the fact that the performance of an option writing strategy is significantly affected by the “ex-post volatility spread i.e., the difference between the implied volatility of an option and the realized volatility of the underlying over the life of the option. The chapter finds that option implied volatility dominates other time-series models in forecasting volatility, a result consistent with the literature. Despite this fact, the study shows that there are significant incremental economic benefits for forecasting volatility.
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Melo, Pedro Miguel. "The life history of Portuguese return migrants, a Canadian-Azorean case study." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1997. http://www.collectionscanada.ca/obj/s4/f2/dsk2/ftp04/mq22867.pdf.
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Mahoney, Elizabeth D. "Return Migration: A Study of College Graduates Returning to Rural U.S. Homes." Fogler Library, University of Maine, 2009. http://www.library.umaine.edu/theses/pdf/MahoneyED2009.pdf.
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Chang, Yu-Chieh, and 張有捷. "Study on Return of Premium." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/14052012860396723888.
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博士國立臺北大學
法學系
95
The Section 3, Chapter 1 of Taiwan Insurance Law, from Article 21 to Article 82, focuses on return of premium. Generally speaking, those articles, with only effects, are lex imperfecta. Their criteria are shown in other articles, such as Articles 64 (Misrepresentation), 17 (Insurable Interest), 18 (Transfer of the Subject Matter Insured), 51 (Retroactive Insurance), 59 (Risk Increase), 76 (Overinsurance) and 35 (Double Insurance), etc. Apparently, no abstract and general rules can be applied to all the Articles of the said section.
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liu, Juain Farn, and 劉君. "Study on Estimate Method of Return Flow." Thesis, 1998. http://ndltd.ncl.edu.tw/handle/41275803328104478887.
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碩士國立臺灣大學
農業工程學系研究所
86
The subject of this study is to estimate the behavior of return flow in the condition of changing the amount of inflow. Return flow was consisted of deep percolation, thin percolation, side percolation and surface runoff. This study on return flow was made in the point of view at total quantity of return flow in one growing season. The study separate the runoff with calculating the amount of total percolation of return flow using the data of the soil texture, and estimate the amount of return flow in large For the property of return flow at different inflow quantity, This study re-formed the calculated return flow data of irrigation station, including inflow quantity, paddy evaportranspiration and the return quantity and doing the statistic in the format of cottonwood curve to gain the curve suitable for places cultivating paddy rice, The curve explain the relationships among return flow, inflow and paddy rice evaportranspiration. The result was found that percolation was not in linear portion of inflow quant
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Wang, Shu-Chan, and 王秀全. "the study in nonlinearity of stock-return." Thesis, 1996. http://ndltd.ncl.edu.tw/handle/23119249349588813529.
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碩士國立臺灣大學
商學系
84
Because the time series from chaos equation will be regard as white noise by the Q value of ACF, we can''t stop suspecting whether there is nonlinear relation(including chaos behavior) in daily-return of Taiwan Weighted Stock Index. We applied the BDS statistic, developd from correlation dimension, to check the hypothesis of "Independently Identical Distribution". The empirical result shows that the daily-return series isn''t an independently identical distribution. According to the resul and LeBaron''s simulation, we knew that the BDS can check out four types of series as follows:(1)nonstation (2)linear dependence (3) nonlinear-in-mean (4)nonlinear-in-variance. After confirming the stock-return series is stationary, we used BDS to test the four possibilities one after another according to residuals theorem. The result reveals that the daily -return series isn''t produced by a determined chaos process. Conditional Heteroskedasticity Model is the main reason causing the series isn''t an I.I.D. In the residuals of GARCH(1,1) model, the proportion which was explained by chaos behavior won'' t exceed 60% approximately. Finally, we used the method of cycle length to estimate the correlation dimension. According to the empirical result, we conclude that the data whose observation frequency is higher than daily-return should have less randomness.
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胡惠齡. "Study of Laozi’s "return to basics" Thought." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/11376250941482687503.
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碩士佛光大學
文學系
99
In the turbulent Warring States era, all the philosophers devotes their wisdom, put forward in response to the chaotic life of this world view, self-cultivation of the law and life skills. Where Laozi's “Tao Te Ching” in a concise diction, deep and clever meaning, reveals the "Tao" in mind the overall view of life. Facing the democratic trend of today's world, while science and technology have highly developed and materialistic replaces of the value of the lost cause. The writer select Laozi's " Tao Te Ching " in the "return to basics" point of thinking, in the hope of rectifying the road with the rebuild of the collapse and the disintegration of our world view and values. The study employed a "literature review" and "historical analysis" to study, mainly the literature Wang Bi's “Laozi” popular version. Using of methods of historical analysis to investigate, Laozi " Tao Te Ching " form of its era, social background, with an objective and description of discrimination. The writer intends to give a reasonable interpretation for the Laozi's "return to basics" ideology. This Paper is divided into five chapters: the first chapter, "Introduction" to describe the motivation and objective of the paper, literature review, the version and scope for analysis and research methods. Chapter II, from his time background, introduces " Laozi himself, his written works and ideology." Chapter III is about "a return to basics" of “Tao Te Ching” ideal and practice. From the "Basics" thinking to precede the research and collation of the text and analyze " Tao " in the "return to basics" point of thinking, methods and derived ideal. Chapter IV returns to “Basics” to discuss the contemporary meaning of "getting back to basics" and to submit their inspiration for modern society and its significance. Chapter V “Conclusion” is about thesis research experience and research prospects. Laozi's "return to basics," the wisdom helps people with self-evident, reveal the first light of the beginning of life, so that each person would not be bound by material, and obedient back to nature cultivation of inaction, returned to the life of smart self-state.
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Yen, Pei-Chi, and 顏貝芪. "Study of Overnight Return：Application in Return Anomalies." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/nz9en3.
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碩士國立交通大學
財務金融研究所
105
We decompose the close-to-close returns into their intraday and overnight components on a great variety of popular trading strategies and firm characteristics, including price momentum, earnings momentum, industry momentum, profitability, investment, beta, idiosyncratic volatility, equity issuance, discretionary accruals, turnover, and one-month return. Particularly, we discover that most of the abnormal profits during the intraday and overnight periods have the opposite sign and both of them are statistically significant, indicating that decomposing returns into their intraday and overnight parts may be meaningful. Further, our study explores the application of overnight return in return anomalies. In particular, we regard overnight return as a measure of firm-specific investor sentiment and put forward four main findings. First, our results suggest that the long-leg portfolios of most anomaly strategies have a higher average return following high sentiment. Second, we find that half of the anomaly strategies have no significant relation between returns on the short leg and lagged sentiment. Third, we show that mispricing is more likely during high-sentiment periods than during low-sentiment periods in the anomalies such as momentum, profitability, and idiosyncratic volatility. Last but not least, we demonstrate that firm-specific investor sentiment can strengthen seasonality profits in most cases, indicating investor sentiment may be one of the shared systematic factors, which may shed light on return seasonalities.
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CHEN, WEI-HSUAN, and 陳威瑄. "A Study of Causality between REIT Return and Stock Return—An Application of Threshold Regression." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/jq3n2z.
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YANG, YA-CHU, and 楊雅筑. "The Study of Stock Return and Exposure Rate." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/24264182762159073927.
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碩士明新科技大學
管理研究所碩士班
104
Recently, the word clouds and big data analysis have been growing fast. The applications are extended to all of the fields of corporate management. The traditional ways to examine stock return are based on financial indicators. This study explores the relationship between individual stock return and exposure rate of company in public newspaper. The exposure rate is proxy by the number of listed news during a month. The samples are from the listed company in Taiwan Stock Market. The data are selected from the period from 2005 to 2015 to test the hypothesis: there are positive impacts of listed number of newspaper on stock return. Based on the panel regression, the empirical results show that higher listed number of newspaper, higher stock return. For company with higher listing on newspaper, the effect of exposure rate on stock return is become weaker due to the message dilution. Accounting to word clouds analysis, the stock return did influence by some keywords shown in the newspaper.
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YANG, HONG-WEN, and 楊泓文. "A study on the return of new issues." Thesis, 1987. http://ndltd.ncl.edu.tw/handle/13660407620728362628.
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Sheng, Chiou Yuh, and 邱毓陞. "The Study of Return in Stochastic Trading Behavior." Thesis, 1994. http://ndltd.ncl.edu.tw/handle/41449372672244100083.
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碩士東海大學
企業管理研究所
82
After observing and analyzing the trading behavior of inves- tors in securities markets, we define that the investors are of the trading pattern " Stochastic Trading Behavior " if their buying points and selling points are generated in Poisson Pro- cess. If so, the buying points and selling points are formed in Stochastic Process. Because the price patterns above are like those of security markets fitted Random Walk Hypothesis, it may be that the rates of return are similar to each other. First, it is important to develop the return of Random-Walk- Hypothesised markets. Second,use the computer to simulate the Stochastic Trading Behavior with six different stock serial prices and compare the experimental data with the theorical value. Analyzing the research above,the rate of return of Stochas- tic Trading Behavior is not significantly different from that of markets fitted Random Walk Hypothesis.
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Chen, Chia-Ching, and 陳佳靜. "A Study on Abnormal Return and Insider Trading." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/93897344835728637310.
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Lai, Szu-Hua, and 賴思樺. "An Empirical Study of Consolidated Tax Return System." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/n89xg2.
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碩士中原大學
會計研究所
92
Abstract To eliminate the problem of financial holding company, Taiwan has passed Financial Holding Company Act and adopted consolidated tax return system on July 9 ,2001. Financial holding company and its domestic subsidiaries that held over 90% of shares issued by the financial holding company for 12 months within the same tax year, may choose to adopt the consolidated tax return system. The consolidated tax return system will bring many benefits, for example, lowering the tax liability of affiliated groups, investment tax credit and loss carryforward, deferred unrealized gain and so on. Some of financial holding company do not yet choose to adopt the consolidated tax return system. The reason is becoming to the issue of this research. The empirical results are as follows that, investment income（dividend）and unrealized gain have significance relations with choosing consolidated tax return system, but taxable loss, investment tax credit and loss carryforward have not. This research shows that, the empirical results can not indicate the main reason of choosing consolidated tax return system, however, investment income （dividend）is indeed the influence on financial holding company disclaiming consolidated tax return system. Obviously, financial holding company have noticed the problem of investment income（dividend）imply to choose consolidated tax return system.
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Kuo, Shu-Chen, and 郭淑貞. "A Study of Determinants on Domestic REITs Return." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/57748354169908374055.
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碩士國立高雄第一科技大學
風險管理與保險研究所
100
This paper mainly discusses the determining variables of rate of returns on domestic fund of REITs. The Taiwan Weighted Stock Price Index, the M1b growth rate, the Real Price Index, the ten-year government bond yield and the U.S. dollar against NT dollar spot exchange rate are used to represent five macroeconomic data. There are two industry economic data, including the construction index and the Taipei Building Application Area are considered. Also, we include two individual economic variables, i.e., fund turnover rate and the ratio of fund market-to-book value. So, a total of nine economic variables, are used to regress the domestic fund return of REITs and conduct the correlation analysis. The observation period is set from March 2005 to December 2011. We use the monthly data to test above model. The empirical study concludes that, for REITs investor, the changes in the ten-year government bond yield can be used as a main reference. Also, they can use those variables, including M1b annual growth rate, the real price index, U.S. dollar against NT dollar spot exchange rate, the construction index, the Taipei Building Application Area, and the NAV indicators, to help setting their investment strategy in REITs and could obtain a relatively high return on REITs investment.
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Hsieh, Tung-Ku, and 謝東谷. "Study of Return-Risk for Canadian Income Trust." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/80977134835183748928.
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碩士銘傳大學
財務金融學系碩士在職專班
100
The dissertation aims to highlight the risk and return profile of Canadian Income Trust, through its product features and incorporating such vehicles into portfolio. In terms of product features, this dissertation briefly summarizes the basic information such as Income Trust’s definition, structure, type, feature, ratings, as well as the historical development and market status. In the parts of empirical tests, this dissertation mainly utilizes the Mean-Variance Spanning Test proposed by Huberman and Kandel (1987) and three Asymptotic statistical tests proposed by Kan and Zhou (2008), namely, Likelihood Ratio Test, Wald Test, and Lagrange Multiplier Test. Those tools are used to examine whether it enhance the portfolio overall performance and/or decrease the investment risk (Efficient Frontier Spanning) while the Income Trust is added into the existing portfolio. Meanwhile, Step-down Test is used to ascribe the change on the efficient frontier to the change(s) of the Tangency Portfolio and/or of the Minimum Variance Portfolio. To fulfill the purposes of getting generalized conclusions and of forming the original portfolios, the selected stock markets including Canada, G7, BRICs, Greater China, and Taiwan which are covered the weekly data from 2009 to 2011. Empirical results shows that all the selected portfolios are all statistically enhanced when the Income Trust is included, even the forex rate risk considered.
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Lan, Hsin-Ren, and 藍新仁. "Case Study - Mutual Fund with different return shares." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/18209372343218639369.
Full textAbstract:
碩士國立臺灣大學
財務金融組
101
The liberalization of securities investment trust business has been for 27 years. This industry has shown a highly competitive. Subject to regulatory constraints, the industry’s products are high homogeneity. Therefore, product innovation becomes the key differentiator. This thesis aims to achieve through the United States and China product innovation as the basis for comparison and case studies. Hope from legal, operational assessment and products designed to evaluate the possibility of issue the different return shares in Taiwan. It also provides securities investment trust industry reference in product development. The results shown, the design of different return shares may be in response to money market fund at a low interest rate environment with lower yield. It also may be in response to bond fund at a rate hike cycle environment. This study suggests that reference to the innovative of different return shares. To use the legal basis of umbrella fund, the different return shares can be raise separate and the structure of leverage ratio can be unlimited. It will help to enhance the simplification and transparency by using risk protection as the basis of design. The other hand, it will increase the investor’s product identity. As for the operation mechanism, we can negotiate Taiwan Stock Exchange to build fund’s transaction platform and Taiwan Depository & Clearing Corp. to establish transfer mechanisms. This will significantly increase trading volume.
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HSIEH, NIEN-CHEN, and 謝念臻. "The Study of Stock Repurchase and Abnormal Return." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/859rb7.
Full textAbstract:
碩士國立高雄科技大學
金融系
107
This paper presents an event study, which investigated abnormal returns in the stock prices of companies from five industries （i.e., building materials and construction, iron and steel, biotechnology, electrical machinery, and retail industries） before and after these companies announced stock repurchases. The empirical results showed that the stock prices of these companies from these industries exhibited abnormal returns on the day of the event and during the event period, which was in accordance with the signaling hypothesis. In addition, no significant differences were observed between various industries regarding the response level of abnormal returns to the companies’ stock repurchases.
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CHU, THI THUY LINH, and 朱氏垂玲. "The Study of Accounting Information Quality and Stock Return." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/86567337431440167589.
Full textAbstract:
碩士明新科技大學
管理研究所碩士班
104
The quality of accounting information is a major subject area of concern and led to the International Financial Report Standard (IFRS) being adopted in the Taiwan starting in 2013. This study investigates the relationship between the quality of accounting information and stock returns under the effects of IFRS regulations. Using the residual absolute value from the MDD model to proxy for accounting information quality, and employing the regression model for 761 firms listed on the Taiwan Stock Exchange (TWSE) and OTC market for the time observed, from 2008 quarter 1 to 2016 quarter 1. The Empirical result indicates that there is a significantly positive relationship between accounting information quality and stock returns, correlating with IFRS adoption in Taiwan. Currently, the quality of accounting information is higher and contributes to higher stock returns.
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Cheng-Yu, Yang, and 楊程宇. "A study on the optimal return policy for retailers." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/hbj7g7.
Full textAbstract:
碩士國立暨南國際大學
經濟學系
101
Return policies have been widely implemented by retailers, and they also significantly affect consumers’ purchasing decisions. This study employs a three-stage dynamic game and uses backward induction to analyze the equilibrium behavior of consumers’ return or exchange decision, consumers’ purchasing decision, and retailers’ pricing decision and return policy. When considering return policy only, we found that higher product quality may lead the retailer more likely to offer return policy. When consumers’ hassle cost of exchanging a good is lower than that of returning a good, we found that the retailer is more likely to offer exchange policy when product quality is intermediate. Finally, from the perspective of social welfare, we found that social welfare is increasing in product quality; however, retailer’s offering of return or exchange policy may cause a welfare loss.
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Wu, Chao-hsun, and 吳昭勳. "An empirical study of return andvolatility transmissions of ADRs." Thesis, 2002. http://ndltd.ncl.edu.tw/handle/01998473324513810118.
Full textAbstract:
碩士國立中央大學
財務金融研究所
90
This thesis explores the ADRs in Taiwan and Japan and examines their return and volatility transmission dynamics with vector autoregressive (VAR) and vector error correction (VEC) models. We find some major differences between Taiwanese and Japanese ADRs Furthermore, the cross-correlation function (CCF) is used to test the causality in variance. The results show that the transmission of the underlying stock return is the strongest reason for the variance of ADRs returns. Compared to Japan, S&P 500 index return has a stronger impact on the Taiwanese ADRs. Besides, there is a two-way feedback relation between ADRs returns and underlying stock returns. However, the latter generally leads the former. Also, exchange rate returns have another two-way feedback with ADRs, but S&P 500 index returns do not exist lead-lag relation with ADR returns. There is volatility spillover effect between Taiwanese ADRs and their underlying stock, and so are Japanese ADRs and their underlying stock. The duration of the spillover effect of Japanese ADRs is not as long as that of Taiwanese ADRs, and the reason might be that the Japanese market is more efficient. Taiwanese ADRs and S&P 500 index have volatility spillover effect on the same calendar day only, and they are not as significant in Japan. Finally, the volatility spillover effects between ADRs and exchange rates are not significant.
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Chang, Sheng-Chieh, and 張盛傑. "A Study of Effectiveness of a Firm’s Founder Return." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/qgck9z.
Full textAbstract:
碩士國立東華大學
國際企業學系
102
The purpose of the study is to investigate if the past performance affects an enterprise to make the decision which the founder of a firm returns as a successive CEO, and the effectiveness of the founder return. Most prior research on founder issues have focused on succession issue of the founder and 2) the influence of founder on the funding of venture capitals. In the field of the founder succession, most research has investigated how the succession can be transformed smoothly and successfully. Relatively little research has been done concerning how and why a founder returned to position of CEO. The article based on resource-based view and agency theory, developed hypothesis and found if there is effectiveness of a firm’s founder return. This study uses the survival analysis and regression analysis to test the hypothesis, and collects samples collect from Taiwan Economic Journal (TEJ). The results show that the better a firm performed in the past, the more likely the founder will return as the successive CEO. Moreover, the return of founder can lead to better performance are significantly given a firm declines.
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YANG, HUI-TING, and 楊惠婷. "The Study of Investor Attention and Taiwan ETF Return." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/g7f8mf.
Full textAbstract:
碩士逢甲大學
財務金融學系
105
This study investigates the impact of investor attention on the Taiwan Exchange Traded Funds (ETF) weekly return. We adopt Search Volume Index provided by Google Trends as investor attention. ETF, after listed in 2003, became a new choice for investment allocation. Because of the characteristics of passive tracking index, investors can find opportunity to enter by only following the index. In addition, Taiwan retail investors have been maintained at about 50%, more than foreign markets, and the use of Google search is up to 80%, making the impact of investor attention cannot be ignored. The results show that the relationship between investor attention and ETF weekly return is significant. The change of investor attention will short-term impact weekly returns, while the investor attention will long-term change by the shock of weekly returns. And we find that an increase in investor attention will diminish return predictability, which means that the more investor attention makes the market more efficient.
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Tseng, Yueh-Han, and 曾悅涵. "An Empirical Study on Exploring the Consumer's Return Behavior." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/83705639129240685836.
Full textAbstract:
碩士德明財經科技大學
服務業經營管理研究所
98
Within the context of online shopping, varieties of risk not only decreases the consumer’s acceptance of purchasing but also easily creates service failures. Therefore, the practice and academic put more effort to explore the issues of online service recovery. The “return” is the way often used in online service recovery. However, the past studies usually emphasize on the exploration of the return possibility and consumer’s satisfaction, loyalty and repurchase intention. Less study explores how the return service influences the consumer’s awareness and rebuilds their trust when the consumer deserved the return service. In addition, whether the online retailer provides return information also a critical influence, but it is usually ignored by past studies. Thus, this study aims to explore the relationship among the return policy, return information, consumer awareness (perceived justice, attribution and negative outcome), opportunism and trust-rebuilding in order to further realize the relevance between online return service and consumer’s return behavior. We used the questionnaire as the research tool to make an empirical study. The respondents were choosing the online shoppers with the return experience, and we analyzed data and tested with structure equation modeling (SEM). The results shows that return policy and information have positive influence on consumer’s awareness of perceived justice and attribution, and further influence the trust-rebuilding. These findings will help online retailers understand the consumer’s perception of return service and thereby establish a proper and completed recovery strategy.
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Chao, Chun-Yao, and 趙俊堯. "An Empirical Study on Volatility Asymmetry and Return Asymmetry." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/36922668134351196148.
Full textAbstract:
碩士國立臺灣大學
財務金融學研究所
95
There are certain recent studies that attempt to predict return asymmetry using the bubble theory and the investor - heterogeneity theory. However, their empirical findings are not conclusive. In this thesis, we demonstrate that these economic theories may be useful for predicting volatility asymmetry but not necessarily useful for predicting return asymmetry. We also examine this point by applying the autoregressive conditional density models of Hansen~(1994, International Economic Review, 705--730) with various volatility asymmetry specifications to an empirical study of stock index returns, and find that the empirical results are consistent with our viewpoint.
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Kuang, Chien-Hong, and 鄺建鴻. "A study on the return of Initial Public Offerings." Thesis, 1994. http://ndltd.ncl.edu.tw/handle/66698121925960425500.
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Hou, Bo-an, and 侯柏安. "A STUDY OF ON--LINE CONSUMERS'' INTENTION TO RETURN." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/25953463663967180175.
Full textAbstract:
碩士南華大學
企業管理系管理科學碩博士班
97
More consumers use the atmosphere of shopping on the internet, it is a convenient shopping channel. The online stores need to meet consumer demand and the desire to maintain the old relationship between the intention to return. Therefore, this study goes through the perceived shopping enjoyment, trust, sales promotion, interactivity and Perceived Usefulness, five dimensions, in order to know which variables will affect the network of the intention to return. This research uses the southern online shopping experience for the parent sample, the sampling method adopted to facilitate the issuance of questionnaires. And component quantile regression method used in order to consider consumers who have online shopping experience,and empirical testing the intention to return given to different purchases. The results showed that (1) Perceived shopping enjoyment on low intention to return: That will be increasing trend, during periods of high intention to return, will reduce the trend. (2) This study attempts to square the use of interactive, the results showed the relationship between curve. (3) No matter how in high-or low- intention to return, that trust have no direct impact to return. (4) Promotional activities: Intention to return further heighten the impact of promotional. (5) Perceived Usefulness: Perceive Usefulness further heightens the impact of purchase.
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Hsu, Shu-Jhen, and 許淑真. "Study on Return on U.S. Real Estate Investment Trust." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/39260337676091836599.
Full textAbstract:
碩士銘傳大學
經濟學系碩士在職專班
96
Real Estate Securitization can be divided into two types. One is “Real Estate Asset Trust”, which the trustee (the owner of the property) transfers its own property to the trustee institution firstly, and then the trustee institution raises the capital from the investors. The other is “Real Estate Investment Trust”, which the trustee institution raises capital from the investors firstly, and then uses the capital to invest in income-producing properties. Although these two types of real estate securitization are completely different in manner, the real estate capital can be activated with both manners effectively for the purpose of making more money. Otherwise, due to the burst of the subprime mortgage crisis in U.S. recently, a dramatic drop occurred in the global stock market as well as in the products of real estate investment trust with stabilized income and lower risk. Therefore, this study will focus on the effect on “Mortgage-Backed Securities of Subprime Mortgage” and “Real Estate Investment Securitization” after the burst of the subprime mortgage crisis. Moreover, this study will emphasize on the variation trend and variation range of the return on real estate investment trust. In this study, variables affecting the return on real estate investment trust are divided into two types. One is the macroeconomic factors, including Consumer Confidence Index, unemployment rate, monetary aggregate, and interest rate. The other is the factors regarding the subprime mortgage in U.S., including housing starts and transaction in privately owned new housing unit.
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Kao, Cheng-lung, and 高承隆. "The Study of Rate of Return in Property Insurance." Thesis, 1997. http://ndltd.ncl.edu.tw/handle/46818495345619437856.
Full textAbstract:
碩士淡江大學
財務金融學系
85
The Mandatory Vehicle Liability has changed dramatically in recent year,sothe academic argues violently about this insurance should be run in public orin private. Although insures know that the underwriting profit rate was zero in the rate-making, they still argue it should be run in private. The main reason is the time difference in premium receives and expenses,and insurers can utilize the funds to invest in other assets. The investments can bring lotsof profit and compensate the zero profit rate or any possibly induced loss. In the rate-making of property insurance, The investment profit is often neglected, so financial pricing models are employed in this reserch to combine underwriting profit and investment income, and expected the rate of returncan be evaluated more precisely. Besides the premium receive and expenses from underwriting side, the utilization of captial in the perspective is also evaluated in this research. Based on the financial data collected from whole property insurance industry and three publicinsurance companies, so me financial pricing models, such asTarget Total Rate of Return (TRR), Capital Asset Pricing Model (CAPM), Discount cash Flow Model(DCF), and Option Pricing Model (OPM), are employedto compare the underwriting profit margin and the actual rate of return in property insurance companies.Moreover, Mean Square Error (MSE) and Theil''s U statistic are utilized to examine the explanation ability of each model.The period in this researchcovers 1990 to 1995. The results of this study indicate that higher ranking usually tends to goto the option pricing model in the whole property insurance industry; in addition, thought the target underwriting profit margin intuitionallywon''t fluctuate with economic conditions. However, in the light of the average, CAPM and Target underwriting profit margin are closer to the average of the sample period. Next, if the sample period is separated into two time intrvals,the deviation of CAPM shrinks obviously in the second interval. Therefore, theincreasing competition in the market shouldn''tbe overlooked. Drawn from the results of this study, the explanation ability of each model is quite discrete; the existence of deviation is inevitable for the methodof collecting data, the surrounding circumstances of companies, and the developing situation of the whole market. On the whole, discount cash flow model performs quiet well in every stage, when employed in not only the insurance industry but also in individual companies.
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Lee, Jia-Yu, and 李佳諭. "A Study on Return of Wine as an Investment." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/06772863169748251436.
Full textAbstract:
碩士朝陽科技大學
財務金融系
103
This research examines the returns on investments in red wines, commodities and stock market indexes in the US, the UK, Germany, France, Japan and Taiwan. The research period is February 2014 to February 2015. The data for Dow Jon Industrial Average is segmented into the bull market period and the bear market period, in order to compare the risk-adjusted and non-risk-adjusted returns against other investments (including gold, crude oil, S&P 500 Index, FTSE 100 Index, the German DAX Index, the French CAC 40 Index, Nikkei 225 in Japan and Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX)). The research findings indicate that the returns on red wine investments are significantly higher than those on S&P 500, FTSE 100 Index, CAC 40 Index, Nikkei 225 and TAIEX.
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Ho, Kuan-Chang, and 何冠樟. "The Empirical Study of Stock Repurchase and Abnormal Return." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/32917140457089569690.
Full textAbstract:
碩士國立臺灣大學
國際企業學研究所
104
This study’s purpose is to do the event study of stock repurchase on the public traded companies from the year of 2006 to 2015 and observe the abnormal return. Furthermore, this study also does the empirical study of stock repurchase according to the two kinds of repurchase purposes (The purpose of protecting for the company reputation and shareholder’s equity and the purpose of transferring the stocks to employees), and compares each other. About the empirical results, first, there are all negative abnormal returns before the repurchase announcement. After announcement, the abnormal return is positive, and gradually declines. Second, the purpose of protecting the company reputation and shareholders has more effects on abnormal return than the purpose of transferring the stocks to the employees.
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Chao, Chun-Yao. "An Empirical Study on Volatility Asymmetry and Return Asymmetry." 2007. http://www.cetd.com.tw/ec/thesisdetail.aspx?etdun=U0001-0707200723104200.
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Pei-LinLi and 李佩霖. "Identity and Return – The study of Atayal’s Literature Works." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/47611690566460375308.
Full textAbstract:
碩士國立成功大學
中國文學系碩博士班
100
This article is based on the core of research on Atayal writers’ works. According to theAtyal’s cultural identity which was presented on the works, it is divided into seven chapters to discuss the self-identity. The first chapter focuses on the former works of “cultural identity” and “self-identity” to explain and analyze. The second chapter is stress on the research of the work of Yubas．Naogih. The main idea of the book is to describe the battle between Atayal in BeiShi Eight Tribes the Japanese Army. The writer revealed the cruel aspect of the war to the readers. Otherwise, it expressed the spirit of the Atayal warriors which defeated Japanese army. The third chapter emphasizes on the book written by Rimuy．Aki. It discusses the aroma of the food, and the rank problems of the hunters’ image. In the meantime, the writer describes the brave hunting of the Atayal. The food culture of Atayal combines with Chinese culture.According to the food, Rimuytries to awaked pride of Atayal’s hunters’. At the same time, writer is finding the identity of Atayal’s. In Chapter Four, it analyzes the writers’ childhood memory which went through the traditional education of the Atayal to the formal school education. The education interfered their self-identity of the culture, and it blends with Chinese culture gradually. The elder of the Atayal felt sorrow that the children of the Atayal thought the traditional education of the Atayal which was old-fashioned. Moreover, the Atayal doubted on self-identity, because of the government interfering the aboriginal’s culture on purpose. The writers expressed the cultural identity of the Atayal. In Chapter Five, it discussed the differences after the Atayal culture collided with Chinese culture. The policy of the government helped the aboriginals become laborers. However, there were a lot of the aboriginal women working in red light district. They gave terrible influence on the viewpoint of Chinese people to the aboriginal. In the situation by watching from crowd of main society, the Atayal was building their selves image as an alcoholic and so on. Therefore, more and more Atayal came back to tribes to find their own identity. In Chapter Six, it focuses on the Atayal who came back to the tribes. Through the field investigation, the writers recovered self-identity. From the example of the old hunter who fell in the gutter and the young man who came back from the city, we can see the result which mainstream culture has been intervening in theAtayal culture. In the writers’ deep grief on fallengrand old men of Atayal, the writers started to write the stories of the tribes. In that case, the Atayal culture won’t be buried by history. Furthermore, it is also the evidence to prove that the Atayal has been living, and the identity of itself.
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Li, Shu-Chi, and 李書齊. "The Study for Convertible Bonds’ Return while TCRI changes." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/r78ews.
Full textAbstract:
碩士國立臺灣科技大學
財務金融研究所
105
The purpose of this research is to explore the announcement effect to Taiwan convertible bonds’ return after credit rating (TCRI) releases its rating quarterly.This thesis uses 2012 to 2016 Taiwan public convertible bonds as sample , hoping that we can find out the relationship between convertible bond price return ,stock price return and the level of investors’ confidence to company. The empirical result shows that after credit ratings’ announcement, the price of the stock price creats the average cumulative abnormal return (CAR).Besides, while TCRI changes ,it is not exactly clear that the announcement effect of TCRI would create aumulated abnormal compensation ,which is out of our expectation.Last, we find that it is positive relation with convertible bond price return ,stock price return , investors confidence and TCRI changing.
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Lin, Huang-Chun, and 林皇君. "The Study of Stock Return Volatility and Related Factors." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/czbbj8.
Full textAbstract:
碩士國立虎尾科技大學
經營管理研究所
99
In recent years, influenced by the financial crisis, most of all large domestic and overseas companies and the investment banks underwent financial distress. Inevitably, that made investors suffered huge losses. In order to protect the rights and interests of investors, Securities & Futures Institute (SFI) is commissioned by the government to publicly announce the exposed level of companies involved in the evaluation system. The higher level of accreditation means more transparent information of the company, and inventors could reduce the information asymmetry and reduce the risk of investment. In 2008, after affecting by the financial crisis, the stock market volatized severely. During the touch time, the investors tended to adopt the more prudent investment strategy and select the portfolio with lower volatility in order to reduce investment risk. Therefore, this study aims to discuss the relevant factors of the volatility of stock prices return. Through empirical analysis, the research results demonstrate that there are six factors highly associated with the volatility of stock prices. The higher information transparency brings up the smaller volatility of stock price return; the stock price return volatilities of large companies are more stable than those of small companies; the higher debt ratio growth enhance volatility of stock price return; the better return on equity and performance of a company, the smaller volatility of stock price return; a larger volatility of the systematic risk and volume leads to a larger volatility of stock price return. Therefore, revealing the correlations of the six factors in the stock market is the major contribution of this study. Through the results of this study, the government departments and the corporations could make the promotion of information transparency and the management decisions, respectively. In addition, this study could be referred by the inventors to setup their investment strategy as well.
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huang, hui-ling, and 黃惠玲. "A Feasibility study on the Application of No-Return Tax System for Individual Income Tax Return Declaration in Taiwan." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/68900158257220898977.
Full textAbstract:
碩士義守大學
管理科學研究所
89
The purpose of this paper is to examine the efficiency of reporting and collecting tax of current tax system in Taiwan. Accuracy and efficiency are two base required benchmarks in levying and collecting tax. We study the costs to benefits of reporting or non-reporting system by using a sample of 4,697,096 reported tax cases in 1997. The result indicates that the imputed costs of reporting tax for individuals can be reduced about NT 1,504,121,730 Compare to previous tax system, the accuracy and efficiency of processing tax information is improved since the introduction of computer. Therefore, there will be significantly enhanced in the efficiency of levying and collecting tax by using partial non-report tax system in Taiwan.
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Kang, Simon J. Y., and 康景淵. "“Stock Leaders” Effect — Abnormal Return Study of Individual Stock Price." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/67973711159294830699.
Full textAbstract:
碩士東吳大學
國際貿易學系
92
“Stock Leaders” Effect — Abnormal Return Study of Individual Stock Price It is very frequent to see most of the investors use limited and unverified information to operate the stock trading actions. In Taiwan, it happens mostly on the individual investors. In the stock market that is filled with clutter information, investors don’t seem to make reasonable judgments; however, they would be doing what we call “chase high and cut low”, which means the investors blindly buy in high-priced stock and sell out low-priced stock without reasonable according. Especially when one particular stock has the highest stock price among the listed stocks, the media will call it the “Stock Leader”. This title usually attracts more investor to follow and then creates more capital gain. In this study, when one stock becomes “Stock Leader” for its first time, we call it “Event”. This study attempts to sample all the stocks that had or have become “Stock Leaders” that appeared during the period of 1997/1/1 to 2003/12/31. Furthermore, we’ll use event-study to analyze the stock course and anticipate whether or not the investor will be able to make abnormal return values, if they come in at the moment. The study has used a strict sampling method to isolate some of the “stock leaders” that cannot be applied by event-study, and also isolate those who have short estimated periods. It has come up with the result of ASUS and other 5 listed stocks that have fulfilled the conditions of event-study from the sampling period. It also discovered that most of the stocks that become the “stock leader”, their rate of return does present abnormal return and negative phenomenon according to Elec. Stock index. We hope investors will be thoroughly analyze the “stock leaders” that have been strongly recommended by various medias or analysts; even the well-reputation listed company that has opportunities to acquire high profit, high growth rate, and high stock price still needs to be carefully considered for any investment action.