我國電子產業股票買回宣告蔓延效果之研究

The Contagion Effect of Share Repurchase Announcements for the Electronic Industry in Taiwan

張佳菁(Chia-Ching Chang)

《中華技術學院學報》 38期 (2008/06) Pp. 271-286

https://doi.org/10.7095/JCIT.200806.0271

摘要

國內目前股票買回相關研究大多以宣告公司為研究對象，而本研究則以台灣上市櫃電子產業為研究樣本，站在宣告公司以及競爭對手的立場，探討宣告公司與競爭對手宣告股票買回本身以及其相互影響，並進一步證實存在產業蔓延效果，提供雙方採取策略之建議。

關鍵字

股票買回 ； 宣告公司 ； 競爭對手 ； 蔓延效果

並列摘要

The article examines stock repurchases announcement has led to changes on stock return for announcement and industry rival firms. The results suggest that financial, electrical and electric machinery, spin and weave, constructive industry have significant effect on industry rivals. The view is given additional support by the finding that rival firms will impact if they follow the announcer.