金融危機之商業銀行之非流動性交易

Illiquid trades on Commercial Banks in Financial Crisis

吳建德(Jian-De Wu)

指導教授 ： 蘇永成

國立臺灣大學/管理學院/財務金融學研究所/碩士(2011年)

https://doi.org/10.6342/NTU.2011.10470

摘要

近年來，流動性對股價的影響是財務金融學領域裡最熱門也最重受關注的議題。特別地，這個議題與定義市場投機以及投資者利用特殊資訊來獲得超額報酬的著名「市場效率假說」有非常密切的關係。本論文指在探究這兩者間關係，並特別以商業銀行做為樣本，做更深入研究與探討。

關鍵字

非流動性交易 ； 金融危機 ； 商業銀行

並列摘要

The effects of liquidity on stock market returns, in recent years has been the most debated and concerned issue in both contemporary finance as well as econometric research. In particular, this issue is closely linked to the very concept of market efficiency, which governs the laws of probability that traders with special information gain abnormal returns. In this research, we especially focus on commercial banks as our samples and attempt to investigate the relationship between illiquid trades and market efficiency.

並列關鍵字

commercial bank ； Financial crisis ； illiquid trade

參考文獻

15. Lin, Tze-Yi, 2010 ,”Commercial Bank Market Efficiency in Financial Crisis” Graduate Institute of Finance of National Taiwan University.

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