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題名:股票購回宣告後股價是否過度反應?過度自信與自我歸因偏誤的觀點
書刊名:證券市場發展季刊
作者:劉永欽 引用關係
作者(外文):Liu, Yong-chin
出版日期:2009
卷期:20:4=80
頁次:頁39-86
主題關鍵詞:股票購回過度自信自我歸因偏誤事件研究法門檻迴歸Sare repurchaseOverconfidenceSelf-attribution biasEvent studyThreshold regression
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(3) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:2
  • 共同引用共同引用:102
  • 點閱點閱:63
期刊論文
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2.Ball, R.、Kothari, S. P.(1991)。Security Return Around Earnings Announcements。The Accounting Review,66(4),718-738。  new window
3.Corhay, A.、Rad, A. T.(1994)。Statistical Properties of Daily Returns: Evidence from European Stock Markets。Journal of Business Finance & Accounting,21(2),271-282。  new window
4.Cowan, A. R.(1992)。Nonparametric Event Study Tests。Review of Quantitative Finance and Accounting,2(4),343-358。  new window
5.Bera, A.、Bubnys, E.、Park, H.(1988)。Conditional heteroscedasticity in the market model and efficient estimates of betas。Financial Review,23(2),201-214。  new window
6.許光華、陳文華、黃嘉慧(20040700)。臺灣股票市場過度自信假說之實證。證券市場發展,16(2)=62,115-152。new window  延伸查詢new window
7.Bartov, E.(1991)。Open-market Stock Repurchase as Signals for Earnings and Risk Changes。Journal of Accounting & Economics,14,275-295。  new window
8.Lie, E.、McConnell, J. J.(1998)。Earnings Signals in Fixed-price and Dutch Auction Self-tender Offers。Journal of Financial Economics,49(2),161-186。  new window
9.Lie, Erik(2005)。Operating Performance Following Open Market Share Repurchase Announcements。Journal of Accounting and Economics,39(3),411-436。  new window
10.Nelson, Daniel B.(1992)。Filtering and Forecasting with Misspecified ARCH Models I: Getting the Right Variance with the Wrong Model。Journal of Econometrics,52(1/2),61-90。  new window
11.Isagawa, N.,(2000)。Open-Market Stock Repurchase and Stock Price Behavior When Management Values Real Investment。The Financial Review,35(4),95-108。  new window
12.Davies, R. B.(1987)。Hypothesis Testing When a Nuisance Parameter is Present Only under the Alternatives。Biometrika,74(1),33-43。  new window
13.Vermaelen, T.、Lakonishok, J.、Ikenberry, D.(2000)。Stock Repurchases in Canada: Performance and Strategic Trading。Journal of Finance,55(5),2373-2398。  new window
14.Hansen, Bruce E.(1999)。Threshold effects in non-dynamic panels: Estimation, testing, and inference。Journal of Econometrics,93(2),345-368。  new window
15.Byun, J.、Rozeff, M. S.(2003)。Long-run Performance After Stock Splits: 1927 to 1996。Journal of Finance,58(3),1063-1085。  new window
16.Boehme, Rodney D.、Sorescu, Sorin M.(2002)。The Long-run Performance Following Dividend Initiations and Resumptions: Underreaction or Product of Chance?。Journal of Finance,57(2),871-900。  new window
17.Dann, Larry Y.(1981)。Common stock repurchases an analysis of returns to bondholders and stockholders。Journal of Financial Economics,9(2),113-138。  new window
18.Ikenberry, David L.、Lakonishok, Josef、Vermaelen, Theo(1995)。Market Underreaction to Open Market Share Repurchase。Journal of Financial Economics,39(2/3),181-208。  new window
19.Liu, C. S.、Ziebart, D. A.(1997)。Stock returns and open-market stock repurchase announcements。The Financial Review,32(3),709-728。  new window
20.Daniel, Kent D.、Hirshleifer, David、Subrahmanyam, Avanidhar(2001)。Overconfidence, arbitrage, and equilibrium asset pricing。Journal of Finance,56(3),921-965。  new window
21.McNally, William J.(1999)。Open Market Stock Repurchase Signaling。Financial Management,28(2),55-67。  new window
22.Nohel, Tom、Tarhan, Vefa(1998)。Share Repurchases and Firm Performance: New Evidence on the Agency Costs of Free Cash Flow。Journal of Financial Economics,49,187-222。  new window
23.Weinstein, N.(1980)。Unrealistic Optimism about Future Life Events。Journal of Personality and Social Psychology,39(5),806-820。  new window
24.Barber, B. M.、Odean, T.(2000)。Too many cooks spoil the profits: Investment club performance。Financial Analysts Journal,56(1),17-25。  new window
25.陳安琳(20011200)。The Long-Run Performance Puzzle of Initial Public Offerings in Taiwan: Empirical Findings from Various Models。財務金融學刊,9(3),1-20。new window  new window
26.陳振遠、吳香蘭(20020300)。臺灣上市公司庫藏股購回宣告資訊內涵之研究。中山管理評論,10(1),127-154。new window  延伸查詢new window
27.Vermaelen, T.(1984)。Repurchase tender offers, signaling and managerial incentives。Journal of Financial and Quantitative Analysis,19,163-181。  new window
28.Wansley, J. W.、Lane, W. R.、Sarkar, S.(1989)。Managements' View on Share Repurchase and Tender Offer Premiums。Financial Management,18,97-110。  new window
29.顧廣平(20030400)。臺灣新上市股票短期與長期績效之再探討。證券市場發展,15(1)=57,1-39。new window  延伸查詢new window
30.Boehmer, E.、Musumeci, J.、Poulsen, A. B.(1991)。Event-study Methodology under Conditions of Event-Induced Variance。Journal of Financial Economics,30(2),253-272。  new window
31.Taylor, Shelley E.、Brown, Jonathon D.(1988)。Illusion and Well-Being: A Social Psychological Perspective on Mental Health。Psychological Bulletin,103(2),193-210。  new window
32.陳嘉惠、劉玉珍、林炯垚(20031000)。公開市場股票購回影響因素分析。證券市場發展季刊,15(3)=59,27-61。new window  延伸查詢new window
33.陳達新(20031200)。庫藏股制度對股票價格的宣告效果--臺灣上市公司的實證研究。商管科技季刊,4(4),377-398。new window  延伸查詢new window
34.林烱垚、沈中華(19961000)。上市公司出售長期資產事件之宣告效果-GARCH模型之應用。證券市場發展季刊,8(4)=32,1-22。new window  延伸查詢new window
35.Stephens, Clifford P.、Weisbach, Michael S.(1998)。Actual share reacquisitions in open market repurchase programs。Journal of Finance,53(1),313-333。  new window
36.Comment, R.,、Jarrell, G. A.(1991)。The Relative Signaling Power of Dutch Auction and Fixed Price Tender Offers and Open Market Share Repurchases。Journal of Finance,46,1243-1271。  new window
37.Grullon, Gustavo、Michaely, Roni(2004)。The Information Content of Share Repurchase Programs。Journal of Finance,59(2),651-680。  new window
38.Zhang, H.(2002)。Share Repurchases under the Commercial Law 212-2 in Japan: Market Reaction and Actual Implementation。Pacific-Basin Finance Journal,10(3),287-305。  new window
39.Ibbotson, Roger G.(1975)。Price performance of common stock new issues。Journal of Financial Economics,2(3),235-272。  new window
40.蔡柳卿、郭法雲(20040100)。我國庫藏股制度之實證研究:資訊效果與資訊傳遞動機。會計評論,38,81-112。new window  延伸查詢new window
41.Odean, Terrance(1998)。Are Investors Reluctant to Realize Their Losses?。The Journal of Finance,53(5),1775-1798。  new window
42.Hansen, B. E.(1996)。Inference when a nuisance parameter is not identified under the null hypothesis。Econometrica: Journal of the econometric society,64(2),413-430。  new window
43.Hansen, B. E.(2000)。Sample splitting and threshold estimation。Econometrica,68(3),575-604。  new window
44.Kahneman, Daniel、Riepe, Mark W.(1998)。Aspects of Investor Psychology。Journal of Portfolio Management,24(4),52-65。  new window
45.Odean, Terrance(1998)。Volume, Volatility, Price, and Profit When All Traders Are Above Average。Journal of Finance,53(6),1887-1934。  new window
46.Ball, Ray、Brown, Philip(1968)。An Empirical Evaluation of Accounting Income Numbers。Journal of Accounting Research,6(2),159-178。  new window
47.Fama, Eugene F.、French, Kenneth R.(1993)。Common risk factors in the returns on stocks and bonds。Journal of Financial Economics,33(1),3-56。  new window
48.Ghosh, Asim K.(1992)。Market Model Corrected for Generalized Autoregressive Conditional Heteroscedasticity and the Small Firm Effect。The Journal of Financial Research,15(3),277-283。  new window
49.Bollerslev, Tim、Chou, Ray Y.、Kroner, Kenneth F.(1992)。ARCH Modeling in Finance: A Review of the Theory and Empirical Evidence。Journal of Econometrics,52(1/2),5-59。  new window
50.Gervais, Simon、Odean, Terrance(2001)。Learning to be Overconfident。Review of Financial Studies,14(1),1-27。  new window
51.Jensen, Michael C.(1968)。The performance of mutual funds in the period 1945-1964。Journal of Finance,23(2),389-416。  new window
52.Odean, Terrance(1999)。Do Investors Trade too Much?。American Economic Review,89(5),1279-1298。  new window
53.Daniel, Kent D.、Hirshleifer, David A.、Subrahmanyam, Avanidhar(1998)。Investor Psychology and Security Market under- and Overreactions。The Journal of Finance,53(6),1839-1885。  new window
54.Newey, Whitney K.、West, Kenneth D.(1987)。A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix。Econometrica,55(3),703-708。  new window
55.劉聰衡、紀鈞中(20020700)。我國上市櫃公司實施庫藏股制度對系統性風險與報酬率之影響。商學學報. 空大,10,261-282。new window  延伸查詢new window
56.Bagwell, L. S. and J. B. Shoven(1989)。“Cash Distribution to Shareholders,”。Journal of Economics Perspective,vol. 3,129-140。  new window
57.Charlton, W. T., C. Lancaster and J. L. Stevens(2002)。“Industry and Liquidity Effects of in Corporate Investment and Cash Relationships,”。Journal of Applied Business Research,vol. 18,no. 1,131-142。  new window
58.De Bondt, W. F. M. and R. H. Thaler(1995)。“Financial Decision-making in Markets and Firms: A Behavioral Perspective,”。Handbooks in Operations Research and Management Science,vol. 9,385-410。  new window
59.Kirch, D. P., R. Barniv and L. J. Zu cca(1998)。“Investment Strategies Based on Completion of Open Market Repurchase Programs,”。Journal of Financial Statement Analysis,vol. 3,5-13。  new window
60.Lakonishok, J. and T. Vermaelen(1990)。“Anomalous Price Behavior Around Repurchase Tender Offer,”。Journal of Finance,vol. 45,455-477。  new window
61.Lie, E.(2000)。“Excess Funds and Agency Problems: An Empirical Study of Incremental Cash Disbursements,”。Review of Financial Studies,vol. 13,219-248。  new window
62.Masulis, R.(1980)。“Stock Repurchase by Tender Offer: An Analysis of the Causes of Common Stock Price Changes,”。Journal of Finance,vol. 35,305-319。  new window
63.Ofer, A.R. and A.V. Thakor(1987)。“A Theory of Stock Price Responses to Alterative Corporate Cash Disbursement Methods: Stock Repurchase and Dividends,”。Journal of Finance,vol. 42,365-394。  new window
64.Perfect, S. B., D. R. Petersen and P. P. Petersen(1995)。“Self Tender Offers: The Effects of Free Cash Flow, Cash Flow Signaling, and the Measurement of Tobin’s q,”。Journal of Banking and Finance,vol. 19,1005-1023。  new window
65.Persons, J. C.(1997)。“Heterogeneous Shareholders and Signaling with Share Repurchases,”。Journal of Corporate Finance,vol. 3,221-249。  new window
66.Tsetsekos, G. P.(1993)。“Valuation Effects of Open Market Stock Repurchase for Financially Weak Firms,”。Reviews of Financial Economics,vol. 2,29-42。  new window
67.Vermaelen, T.(1981)。“Common Stock Repurchase and Market Signaling,”。Journal of Financial Economic,vol. 9,139-183。  new window
研究報告
1.Hilary, G. and L. Menzly(2001)。“Does Pa st Success Lead Analysts to Become Overconfident?”。  new window
2.Statman, M. and S. Thorley(1998)。“Overconfidence and Trading Volume,”。  new window
圖書
1.鍾惠民、吳壽山、周賓凰、范懷文(2002)。財金計量。臺北:雙葉書廊有限公司。  延伸查詢new window
2.沈中華、李建然(2000)。事件研究法--財務與會計實證研究必備。華泰文化事業公司。  延伸查詢new window
3.Montier, J.(2002)。Behavioral Finance—Insight into Irrational Minds and Markets, West Sussex。England。  new window
 
 
 
 
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