English  |  正體中文  |  简体中文  |  Items with full text/Total items : 90120/105278 (86%)
Visitors : 9142276      Online Users : 1012
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    ASIA unversity > 管理學院 > 財務金融學系 > 期刊論文 >  Item 310904400/112538


    Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/112538


    Title: Effects of Transparency on Herding Behavior: Evidence from the Taiwanese Stock Market
    Authors: Kuei-Yuan Wang;Yu-Sin Huang
    Contributors: 財務金融學系
    Date: 2019-06
    Issue Date: 2019-11-15 11:13:05 (UTC+8)
    Abstract: This study combines the concepts of information asymmetry from classical finance theory and herding behavior from modern behavioral finance theory to investigate whether herding behavior exists in the Taiwan stock market. Scores from the Information Disclosure and Transparency Ranking System (IDTRs) are incorporated into the nonlinear model proposed by Chang, Cheng, and Khorana (2000). The empirical results reveal that herding behavior is prevalent in the Taiwan stock market and the implementation of the IDTRs has effectively discouraged such behavior. In addition, the empirical results of this study reveal that the lower level of transparency, the more prevalent of herding behavior in the Taiwan stock market. The empirical results confirm the government’s efforts to increase the transparency of listed firms in order to reduce information asymmetry and prevent investors from engaging in herding behaviors.
    Relation: EMERGING MARKETS FINANCE AND TRADE
    Appears in Collections:[財務金融學系] 期刊論文

    Files in This Item:

    There are no files associated with this item.



    All items in ASIAIR are protected by copyright, with all rights reserved.


    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback