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題名:開放大陸人士來臺觀光政策對觀光業股價及財務績效之影響
書刊名:經濟與管理論叢
作者:高惠娟 引用關係戴有德 引用關係
作者(外文):Kao, Erin H.Dai, You-de
出版日期:2011
卷期:7:2
頁次:頁257-283
主題關鍵詞:大陸人士觀光政策事件研究法異常報酬財務績效Mainland China touristsTourism policyEvent study methodAbnormal returnsFinancial performance
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(0) 博士論文(1) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:17
  • 點閱點閱:54
The purpose of this study is to examine the impact on listed tourism industry firms of the relaxation of the policy to allow Mainland China tourists to visit Taiwan directly for sightseeing from a financial viewpoint. First, before the implementation of the policy, this study applied the "event study method" to investigate the effects on the stock prices of the announcement of the open policy. The results indicate that, except for the Aviation industry, the announcement has given rise to significantly abnormal returns to tourism industry stocks, but there has only been a short-term effect lasting one or two days. Moreover, following the implementation of the policy, the study uses the T-test and Wilcoxon test to examine the differences in financial performance on the listed tourism industry firms. The results show that it is only for the category of Hotel and Amusement firms, one of the operating efficiency indicators, that the "Sales per employee" variable has significantly increased. Other indicators of financial performance have almost all significantly decreased. This implies that the open policy does not substantially improve the financial performance of listed tourism industry firms as we expected.
期刊論文
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2.王逸峰(20090300)。中國觀光客來臺對臺灣觀光業的影響。新世紀智庫論壇,45,74-83。  延伸查詢new window
3.錢思敏(20030500)。福爾摩沙敞開大門迎賓前的準備--開放大陸人士來臺觀光之現在與未來式。臺灣經濟研究月刊,26(5),85-91。new window  延伸查詢new window
4.韓德威(20011000)。開放大陸人士來臺觀光政策對臺灣之影響與衝擊。旅遊健康學刊,1(1),28-32。new window  延伸查詢new window
5.Chen, Ming-Hsiang、Jang, Soo Cheong Shawn、Kim, Woo Gon(2007)。The Impact of the SARS Outbreak on Taiwanese Hotel Stock Performance: An Event-Study Approach。International Journal of Hospitality Management,26(1),200-212。  new window
6.Guizzardi, A.、Mazzocchi, M.(2010)。Tourism Demand for Italy and the Business Cycle。Tourism Management,31,367-377。  new window
7.Kim, S. S.、Timothy, D. J.、Han, H. C.(2007)。Tourism and Political Ideologies: A Case of Tourism in North Korea。Tourism Management,28(4),1031-1043。  new window
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9.Nowak, J.、Sahli, M.(2007)。Coastal Tourism and 'Dutch Disease' in a Small Island Economy。Tourism Economics,13,49-65。  new window
10.Nyaupane, G. P.、Timothy, D. J.(2010)。Power, Regionalism and Tourism Policy in BHUTAN。Annals of Tourism Research,37,969-988。  new window
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12.陳光華、容繼業、陳怡如(20040600)。大陸地區來臺觀光團體旅客旅遊消費行為與重遊意願之研究。觀光研究學報,10(2),95-110。new window  延伸查詢new window
13.Shelor, R. M.、Anderson, D. C.、Cross. M. L.(1990)。The Impact of the California Earthquake on Real Estate Firms' Stock Value。Journal of Real Estate Research,5(3),335-340。  new window
14.Bollerslev, Tim(1986)。Generalized Autoregressive Conditional Heteroskedasticity。Journal of Econometrics,31(3),307-327。  new window
15.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
16.蔡英文(20030500)。全球化下的兩岸關係。立法院院聞,31(5)=361,29-43。  延伸查詢new window
會議論文
1.張宏生、蕭漢良、鄧知義(200805)。開放大陸來台旅遊對台灣觀光產業之衝擊--透過層級法分析。台北:真理大學。  延伸查詢new window
研究報告
1.交通部觀光局(2002)。觀光市場概況。  延伸查詢new window
學位論文
1.李瑋鈞(2005)。非經濟事件對股價的影響--以SARS事件與2004年總統大選為例(碩士論文)。國立中央大學。  延伸查詢new window
2.林佳欣(2005)。南亞海嘯對旅遊業股價報酬之衝擊(碩士論文)。靜宜大學。  延伸查詢new window
3.蔡佳燕(2003)。重大災難事件對股票市場之影響--以台灣921集集大地震對電子業、銀行業、營建業為例(碩士論文)。國立高雄第一科技大學。  延伸查詢new window
圖書
1.李建然、沈中華(2000)。事件研究法--財務與會計實證研究必備。臺北:華泰文化。  延伸查詢new window
2.Cook, R.、Yale, L.、Marqua, J.、賴韻如等(2007)。觀光學。台北:華泰。  延伸查詢new window
其他
1.行政院大陸委員會(2001)。開放大陸地區人民來台觀光政策之規劃推動相關說明,http://www.mac.gov.tw/index.htm。  延伸查詢new window
2.吳宛芳(2001)。開放大陸人士來台觀光之商機評析。  延伸查詢new window
3.吳念昌(2005)。兩岸未來經貿,阿扁運籌帷幄,http://www.newtaiwan.com.tw/bulletinview.jsp7bulletinicN22036。  延伸查詢new window
4.金田正(2004)。零團費會把台灣觀光玩垮掉。  延伸查詢new window
5.陳世杞,涂維穗(2001)。開放大陸人民來台觀光政策之評析,http://www.npf.org.tw/。  延伸查詢new window
6.黃敬天(2001)。政府研議大陸人士來台觀光。  延伸查詢new window
7.黃敬天(2002)。開放大陸人士來台觀光。  延伸查詢new window
8.葉昌華(2004)。大陸人士來台觀光的安全管理問題。  延伸查詢new window
 
 
 
 
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