메뉴 건너뛰기
Library Notice
Institutional Access
If you certify, you can access the articles for free.
Check out your institutions.
ex)Hankuk University, Nuri Motors
Log in Register Help KOR
Subject
Humanities
General Humanities History Philosophy Religious Studies Linguistics and Literature Other Humanities
Social science
General Social Science Business Management Tourism Education Military Science Library and Information Science Law Sociology Journalism and Media Studies Psychological Science Political Science and Diplomacy Geography Public Administration Economics International Trade Anthropology Other Social Science
Natural science
General Natural Science Physics Biology Life Sciences Mathematics/Statistics Astronomy Earth Science Chemistry Other Natural Science
Engineering
General Engineering Architectural Engineering Mechanical Engineering Industrial Engineering Material/Energy Engineering Electrical and Electronic Engineering Marine and Ocean Engineering Chemical Engineering Computer Science Other Engineering
Medical science
General Medical Science Nursing Science Veterinary Pharmacy Traditional Korean Medicine Basic Medicine Clinical Medicine Other Medicine
Agriculture and Fishery
General Agriculture and Fishery Agriculture Fishery Science Food Science Forestry Animal Husbandry Marine Transportation Studies Other Agriculture and Fishery
Art and Kinesiology
General Arts Design Fine Arts Cosmetology Photography Music Fashion Kinesiology Performing Media Arts Other Arts and Kinesiology
Interdisciplinary Studies
Interdisciplinary Research Science and Technology Studies Brain and Cognitive Science Technology Policy Other Interdisciplinary Studies

KOR

Momentum and Ownership: The Evidence of Taiwan Stock Market
Recommendations
Search

모멘텀과 투자자 지분율: 대만 주식시장

논문 기본 정보

Type
Academic journal
Author
Journal
The Korean Data Analysis Society Journal of The Korean Data Analysis Society Journal of The Korean Data Analysis Society 제20권 제6호 KCI Accredited Journals
Published
2018.1
Pages
3,025 - 3,035 (11page)

Usage

cover
Momentum and Ownership: The Evidence of Taiwan Stock Market
Ask AI
Recommendations
Search

Abstract· Keywords

Report Errors
This study investigates the momentum phenomena of stocks listed on the taiwan stock exchange. The purpose of this study is to examine the differences in momentum phenomena among firm size, foreign investor ownership, individual investor ownership, and institutional investor ownership. The empirical results of the momentum phenomenon in the Taiwanese stock market are as follows. First, there is no momentum phenomenon during the whole sample period. Second, momentum profitability does not exist even if this study divides by firm size. However, the results are different if this study divides it by the investor ownership. Third, there is a significant positive momentum for firms with high individual ownership. Fourth, on the contrary, positive momentum was observed in firms with low institutional ownership. Finally, there was no momentum phenomenon when dividing by foreign ownership. This study has academic contribution in analyzing the momentum phenomenon in Taiwanese stock market considering the investor 's ownership.
#momentum strategy #stock market #ownership #return.

Contents

No content found

References (22)

Add References
Asness, C. / 2011 / Momentum in Japan: The exception that proves the rule / The Journal of Portfolio Management 37:67~75 google schola Asness, C. / 2013 / Value and momentum everywhere / The Journal of Finance 68:929~985 google schola Cakici, N. / 2016 / Do the size, value, and momentum factors drive stock returns in emerging markets / Journal of International Money and Finance 69:179~204 google schola Carhart, M. M. / 1997 / On persistence in mutual fund performance / Journal of Finance 52:57~82 google schola Cheema, M. A. / 2017 / Momentum returns, market states, and market dynamics: Is China different? / International Review of Economics and Finance 50:85~97 google schola

Recommendations

It is an article recommended by DBpia according to the article similarity. Check out the related articles!

Related Authors

Recently viewed articles

Foldings and Unfoldings: The Paradox of Birth in Mina Loy’s “Parturition” (1914)
Hyonbin ChoiKorean Association for Fminist Studies In English Literature2022.12
 Comparative genomics of canine Lactobacillus reuteri reveals adaptation to a shared environment with humans
Seungwoo Son, Jae‑Don Oh, Sung Ho Lee 외 2명2020

Comments(0)

0

Write first comments.