A Special and Undervalued Stock Market in Taiwan

Abstract

The ‘managed stock’ market in Taiwan is neglected by the authorities and general investors. In this paper, we explore the link between financial trait and stock price changes in this special market.

Overall, we analyze and discuss managerial implications for institutional investors, general investors and the authorities as well.

Citation

Tsao, Y.-C. and Chen, W.-K. (2005), "A Special and Undervalued Stock Market in Taiwan", Fetherston, T.A. and Batten, J.A. (Ed.) Asia Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century (Contemporary Studies in Economic and Financial Analysis, Vol. 86), Emerald Group Publishing Limited, Leeds, pp. 273-289. https://doi.org/10.1016/S1569-3759(05)86013-9