English  |  正體中文  |  简体中文  |  Items with full text/Total items : 54367/62174 (87%)
Visitors : 12945709      Online Users : 65
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTHU 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
    National Tsing Hua University Institutional Repository > 科技管理學院  > 計量財務金融學系 > 期刊論文 >  Do Informed Investors Predict Stock Returns? Evidence from the Taiwan Stock Exchange


    Please use this identifier to cite or link to this item: http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/62088


    Title: Do Informed Investors Predict Stock Returns? Evidence from the Taiwan Stock Exchange
    Authors: Chang CC;Hsieh PF;Lai HN
    教師: 謝佩芳
    Date: 2009
    Publisher: Elsevier
    Relation: Journal of Banking and Finance,Elsevier, vol.33, no.4, 757-764, 2009.
    Keywords: MARKETS
    INFORMATION
    FOREIGN
    VOLUME
    FLOWS
    PRICES
    IMPACT
    TRADE
    Abstract: In this paper, we set out to investigate the information content of options trading using a unique dataset to examine the predictive power of the put and call positions of different types of traders in the TAIEX option market. We find that options volume, as a whole, carries no information on TAIEX spot index changes. On the other hand, however. although foreign institutional investors do not engage in much trading, there is strong evidence to show that the trading in which they do engage has significant predictive power on the underlying asset returns. We also find that foreign institutional investors have greater predictive power with regard to in near-the-money and middle-horizon options.
    URI: www.elsevier.com/
    http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/62088
    Appears in Collections:[計量財務金融學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML723View/Open


    在NTHUR中所有的資料項目都受到原著作權保護,僅提供學術研究及教育使用,敬請尊重著作權人之權益。若須利用於商業或營利,請先取得著作權人授權。
    若發現本網站收錄之內容有侵害著作權人權益之情事,請權利人通知本網站管理者(smluo@lib.nthu.edu.tw),管理者將立即採取移除該內容等補救措施。

    SFX Query

    與系統管理員聯絡

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