| Does ownership structure matter for overshooting manipulation of hospitality and tourism stocks? | |
|---|---|
| 學年 | 111 |
| 學期 | 1 |
| 出版（發表）日期 | 2022-10-15 |
| 作品名稱 | Does ownership structure matter for overshooting manipulation of hospitality and tourism stocks? |
| 作品名稱（其他語言） | |
| 著者 | Chen, Y.; Huang, P., Ku; Y., Ni, Y., Chie, B. T., & Lin, Y. T. |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Heliyon 8(11), e11544 |
| 摘要 | We investigate whether the function of ownership structure influences stock price overshooting manipulation for Taiwan Stock Exchange-listed tourism and hospitality firms because stock price overshooting occurs frequently for these firms after Chinese authorities relax restrictions on tourists visiting Taiwan. As a result, we demonstrate that some of these firms with a poorly functioning ownership structure may manipulate their share prices, resulting in overshooting phenomena, especially for stock price overbought phenomena. Following that, we discover that the directors and managers of these firms reduce their shareholdings, implying that such firms are likely to have corporate governance issues. |
| 關鍵字 | Ownership structure;Stock price overshooting;Stock price manipulation;Corporate governance;Hospitality and tourism stocks |
| 語言 | en |
| ISSN | 2405-8440 |
| 期刊性質 | 國外 |
| 收錄於 | SCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/123143 ) |
GoogleAnalytics