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課程名稱 |
國際金融市場
International Capital Market |
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開課學期 |
102-1 |
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授課對象 |
管理學院 國際企業學研究所 |
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授課教師 |
盧秋玲 |
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課號 |
IB8060 |
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課程識別碼 |
724 D2140 |
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班次 |
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學分 |
3 |
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全/半年 |
半年 |
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必/選修 |
選修 |
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上課時間 |
星期三A,B,C(18:25~21:05) |
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上課地點 |
管一203 |
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備註 |
總人數上限：20人 |
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Ceiba 課程網頁 |
http://ceiba.ntu.edu.tw/1021ICM |
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課程簡介影片 |
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核心能力關聯 |
核心能力與課程規劃關聯圖 |
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課程大綱
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為確保您我的權利,請尊重智慧財產權及不得非法影印
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課程概述 |
* Course outlines：
1. Asset Pricing
2. Initial Public Offering
3. Mutual Fund Investments
4. Behavior Finance
5. Mortgage Market
6. Corporate Governance |
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課程目標 |
The purpose of this course is to provide students with the insight into the international capital markets. After this course, students are able to understand how and why international capital markets interrelated, what empirical evidences have been presented in the literature, and how to develop further research.
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課程要求 |
Students are required to be well prepared for each class, particular the reading assignments. |
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預期每週課後學習時數 |
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Office Hours |
每週二 14:00~16:00 |
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指定閱讀 |
Reading list:
1.
(1) Cheol S. Eun and Wei Haung, 2007, Asset pricing in China’s domestic stock markets: Is there a logic? Pacific-Basin Finance Journal 15, 452-480.
(2) Andrea Beltratti, Bernardo Bortolotti, Marianna Caccavaio, 2012, The stock market reaction to the 2005 split share structure reform in China, Pacific-Basin Finance Journal 20, 543-560.
(3) Gregory C. Arquette, William O. Brown Jr., and Richard C.K. Burdekin, 2008, US ADR and Hong Kong H-share discounts of Shanghai-listed firms, Journal of Banking & Finance 32, 1916-1927.
(4) Eric C. Chang, Joseph W. Cheng, J. Michael Pinegar, Yinghui Yu, 2012, Short-sale constraints: Reductions in costs of capital or overvaluation? Evidence from Hong Kong, Pacific-Basin Finance Journal 20, 506-520.
2.
(1) Jay R. Ritter, 2003, Behavioral finance, Pacific-Basin Finance Journal 11, 429-437.
(2) Kenneth A. Kim, John R. Nofsinger, 2008, Behavioral finance in Asia, Pacific-Basin Finance Journal 16, 1-7.
(3) Mark S. Seasholes and Guojun Wu, 2007, Predictable behavior, profits, and attention, Journal of Empirical Finance14, 590-610.
3.
(1) Yuanto Kusnadi, 2011, Do corporate governance mechanisms matter for cash holdings and firm value? Pacific-Basin Finance Journal 19, 554-570.
(2) Gongmeng Chen, Michael Firth, and Liping Xu, 2009, Does the type of ownership control matter? Evidence from China’s listed companies, Journal of Banking & Finance 33, 171-181.
(3) Joseph P.H. Fan, T.J. Wong, and Tianyu Zhang, 2007, Politically connected CEOs, corporate governance, and Post-IPO performance of China’s newly partially privatized firms, Journal of Financial Economics 84, 330-357.
4.
(1) Woojin Kim and Michael S. Weisbach, 2005, Do firms go public to raise capital?, NBER working paper series.
(2) Joyce Hsieh, 2012, The partial adjustment of IPO prices to public information and issuing methods in Taiwan, Pacific-Basin Finance Journal 20, 660-687.
(3) Kiyoung Chang, Yong-Cheol Kim, Young Sang Kim, John H. Thornton Jr., 2012, Unintended regulatory consequences: Evidence from the Korean IPOs, Pacific-Basin Finance Journal 20, 292-309.
(4) Jennifer L. Kao, Donghui Wu, and Zhifeng Yang, 2009, Regulations, earnings management, and post-IPO performance: The Chinese evidence, Journal of Banking & Finance 33, 63-76.
5.
(1) Pei-Gi Shu, Yin-Hua Yeh, Takeshi Yamada, 2002, The behavior of Taiwan mutual fund investors-performance and fund flows, Pacific-Basin Finance Journal 10, 583-600.
(2) Stefan Engström, 2003, Costly information, diversification and international mutual fund performance, Pacific-Basin Finance Journal 11, 463-482.
(3) Rongli Yuan, Jason Zezhong Xiao, and Hong Zou, 2008, Mutual funds’ ownership and firm performance: Evidence from China, Journal of Banking & Finance 32, 1552-1565.
6.
(1) Adam Creighton, Luke Gower, and Anthony J. Richards, 2007, The impact of rating in Australian financial markets, Pacific-Basin Finance Journal 15, 1-17.
(2) Ruth S.K. Tan, P.L. Chng, and Y.H. Tong, 2002, Private placements and rights issues in Singapore, Pacific-Basin Finance Journal 10, 29-54.
(3) Ying-Foon Chow and Ming Liu, 2003, The value of the variable tenor mortgage feature in Hong Kong, Pacific-Basin Finance Journal 11, 61-80.
(4) Michael Firth, Chen Lin, and Sonia M.L. Wong, 2008, Leverage and investment under a state-owned bank lending environment: Evidence from China, Journal of Corporate Finance 14, 642-653.
(5) Bong-Soo Lee, 2012, Bank-based and market-based financial systems: Time-series evidence, Pacific-Basin Finance Journal 20, 173-197.
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參考書目 |
Current journal articles |
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評量方式
(僅供參考) |
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No. |
項目 |
百分比 |
說明 |
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1. |
研究計畫報告 |
50% |
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2. |
課堂參與及討論 |
50% |
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週次 |
日期 |
單元主題 |
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第1週 |
9/11 |
Introduction |
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第2週 |
9/18 |
Asset Pricing |
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第3週 |
9/25 |
Asset Pricing |
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第4週 |
10/02 |
IPO |
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第5週 |
10/09 |
IPO |
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第6週 |
10/16 |
Mutual Fund |
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第7週 |
10/23 |
Mutual Fund |
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第8週 |
10/30 |
Behavior Finance |
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第9週 |
11/06 |
Behavior Finance |
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第10週 |
11/13 |
Project Proposal |
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第11週 |
11/20 |
Corporate Governance |
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第12週 |
11/27 |
Corporate Governance |
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第13週 |
12/04 |
Mortgage Market |
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第14週 |
12/11 |
Private Placement |
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第15週 |
12/18 |
Credit Rating |
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第16週 |
12/25 |
Project presentation |
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第17週 |
01/01/2014 |
Break |
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第18週 |
01/08/2014 |
Company visit: Taiwan Depository & Clearing Corporation |
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