Open AccessMarket Movement, Earning Capacity and Asset Fluctuation in Taiwanese Stock Exchange
Author(s) -
Teng Yuan Cheng
Publication year - 2013
Publication title -
ushus journal of business management
Language(s) - English
Resource type - Journals
ISSN - 0975-3311
DOI - 10.12725/ujbm.24.1
Subject(s) - financial economics , economics , volatility (finance) , stock market , econometrics , stock exchange , movement (music) , asset (computer security) , monetary economics , finance , geography , philosophy , computer security , computer science , aesthetics , context (archaeology) , archaeology
This study examines a simple theory in which investors with market movement behaviours to show the influence of market movement on the relation between earning capacities, returns, and return volatility, and then we examine the empirical evidences from our theory. It first illustrates how asset fluctuation may fluctuate more than the fundamental value