https://scholars.lib.ntu.edu.tw/handle/123456789/414570
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | SHING-YANG HU | en_US |
dc.creator | SHING-YANG HU | - |
dc.date.accessioned | 2019-07-23T06:17:05Z | - |
dc.date.available | 2019-07-23T06:17:05Z | - |
dc.date.issued | 1998-01-01 | - |
dc.identifier.issn | 0927538X | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/414570 | - |
dc.description.abstract | This paper examines the economic effect of the stock transaction tax, using 14 tax changes that occurred in Hong Kong, Japan, Korea, and Taiwan during the period 1975-1994. On average, an increase in tax rate reduces the stock price but has no significant effect on market volatility and market turnover. To separate noise trading from other components, I also examine the changes in idiosyncratic volatility and idiosyncratic turnover for size portfolios. For the small firm portfolio, the idiosyncratic volatility is significantly lower during the high-tax period, but not turnover. Overall, the evidence is not consistent with the hypothesis that stock transaction tax can reduce noise trading and volatility. © 1998 Elsevier Science B.V. All rights reserved. | en_US |
dc.relation.ispartof | Pacific Basin Finance Journal | en_US |
dc.subject | Asian markets | Stock market | Stock transaction tax | en_US |
dc.title | The effects of the stock transaction tax on the stock market - Experiences from Asian markets | en_US |
dc.type | journal article | en |
dc.identifier.doi | https://api.elsevier.com/content/abstract/scopus_id/0011020737 | - |
dc.identifier.doi | 10.1016/S0927-538X(98)00017-1 | - |
dc.identifier.scopus | 2-s2.0-0011020737 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/0011020737 | - |
dc.relation.pages | 347 | en_US |
dc.relation.journalvolume | 6 | en_US |
dc.relation.journalissue | 3-4 | en_US |
dc.relation.pageend | 364 | en_US |
item.cerifentitytype | Publications | - |
item.grantfulltext | none | - |
item.fulltext | no fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.openairetype | journal article | - |
crisitem.author.dept | Finance | - |
crisitem.author.orcid | 0000-0002-7387-234X | - |
crisitem.author.parentorg | College of Management | - |
顯示於: | 財務金融學系 |
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