English  |  正體中文  |  简体中文  |  Items with full text/Total items : 65318/65318 (100%)
Visitors : 21615518      Online Users : 204
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version


    Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/51763


    Title: Momentum strategy and board size: Evidence from Taiwan Stock Exchange (TWSE)
    Authors: Lo,KH;Ju,SE
    Contributors: 企業管理學系
    Keywords: CORPORATE PERFORMANCE;BUSINESS-CYCLE;PRICE MOMENTUM;RETURNS;MARKET;PROFITABILITY;DIRECTORS;ANOMALIES;CEOS
    Date: 2011
    Issue Date: 2012-03-27 19:05:01 (UTC+8)
    Publisher: 國立中央大學
    Abstract: This paper establishes a link between momentum profitability and board size. We use stocks listed on the Taiwan Stock Exchange (TWSE) to show that momentum profits are derived mainly from firms with small and medium board size, but it is nonexistent among large board size firms. The momentum profitability across small and medium board size firms does not represent for system risk based on the Fama-French three-factor model. After controlling by firm size, book-to-market value, our findings are still robust. This board size effect on momentum profits may be due to group decision process and an incentive to engage in risk-reduction activities for more powerful chief executive officers (CEOs).
    Relation: AFRICAN JOURNAL OF BUSINESS MANAGEMENT
    Appears in Collections:[企業管理學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML347View/Open


    All items in NCUIR are protected by copyright, with all rights reserved.

    社群 sharing

    ::: Copyright National Central University. | 國立中央大學圖書館版權所有 | 收藏本站 | 設為首頁 | 最佳瀏覽畫面: 1024*768 | 建站日期:8-24-2009 :::
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback  - 隱私權政策聲明