Long-term relationship between political behavior and stock market return: new evidence from quantile regression

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Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/22935

Title:	Long-term relationship between political behavior and stock market return: new evidence from quantile regression
Authors:	Wang, Yi-Hsien Hung, Jui-Cheng Kao, Hsiu-Hsueh Shih, Kuang-Hsun
Contributors:	財務金融學系
Keywords:	UNCERTAINTY RISK
Date:	2011-10
Issue Date:	2012-09-06 15:45:32 (UTC+8)
Abstract:	The stock market is an extremely sensitive and comprehensive indicator of the fluctuating political climate as well as investor confidence. Therefore, in an era of fierce media competition, the long-term influence of political behaviors on the Taiwan stock market is an important issue. However, the traditional regression model can only describe the "average" influence of variables on rate of return rather than completely describe conditional distribution as in quantile regression, which also analyzes correlations between stock return and the congressional effect.
Relation:	QUALITY & QUANTITY Volume: 45 Issue: 6 Pages: 1361-1367
Appears in Collections:	[Department of Banking & Finance ] periodical articles

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