Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market

This study investigates the impact of the expected and unexpected trading behavior of foreign investors on return volatilities during structural change periods. And the jump intensity model pinpoints crucial events that have influenced the stock market. The empirical results find that there has been...

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Detalles Bibliográficos
Autores principales: Lin, Cho-Min, Lee, Yen-Hsien, Chiu, Chien-Liang
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2009
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7148904/
https://www.ncbi.nlm.nih.gov/pubmed/33456101
http://dx.doi.org/10.1016/j.ribaf.2008.07.003
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author Lin, Cho-Min
Lee, Yen-Hsien
Chiu, Chien-Liang
author_facet Lin, Cho-Min
Lee, Yen-Hsien
Chiu, Chien-Liang
author_sort Lin, Cho-Min
collection PubMed
description This study investigates the impact of the expected and unexpected trading behavior of foreign investors on return volatilities during structural change periods. And the jump intensity model pinpoints crucial events that have influenced the stock market. The empirical results find that there has been a stabilizing effect of foreign investment on Taiwan's stock market as restrictions on foreign trading have been gradually relaxed, as opposed to there being a complete relaxation of the restrictions imposed on Qualified Foreign Institutional Investors (QFIIs).
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spelling pubmed-71489042020-04-13 Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market Lin, Cho-Min Lee, Yen-Hsien Chiu, Chien-Liang Res Int Bus Finance Article This study investigates the impact of the expected and unexpected trading behavior of foreign investors on return volatilities during structural change periods. And the jump intensity model pinpoints crucial events that have influenced the stock market. The empirical results find that there has been a stabilizing effect of foreign investment on Taiwan's stock market as restrictions on foreign trading have been gradually relaxed, as opposed to there being a complete relaxation of the restrictions imposed on Qualified Foreign Institutional Investors (QFIIs). Elsevier B.V. 2009-01 2008-07-31 /pmc/articles/PMC7148904/ /pubmed/33456101 http://dx.doi.org/10.1016/j.ribaf.2008.07.003 Text en Copyright © 2008 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Lin, Cho-Min
Lee, Yen-Hsien
Chiu, Chien-Liang
Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market
title Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market
title_full Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market
title_fullStr Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market
title_full_unstemmed Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market
title_short Structural changes in foreign investors’ trading behavior and the corresponding impact on Taiwan's stock market
title_sort structural changes in foreign investors’ trading behavior and the corresponding impact on taiwan's stock market
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7148904/
https://www.ncbi.nlm.nih.gov/pubmed/33456101
http://dx.doi.org/10.1016/j.ribaf.2008.07.003
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