Yi-Chein Chiang
Country: Taiwan, Province of China
Affiliation: Professor, Feng Chia University
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5 publications
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694 downloads
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1167 views
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0 books
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Foreign Exchange Exposures, Financial and Operational Hedge Strategies of Taiwan Firms
Yi-Chein Chiang , Hui-Ju LinInvestment Management and Financial Innovations Volume 4, 2007 Issue #3
Views: 467 Downloads: 410 TO CITE -
Exchange rate exposures of Taiwanese firms
Yi-Chein Chiang , Yi-Chan LinInvestment Management and Financial Innovations Volume 5, 2008 Issue #4 (cont.)
Views: 451 Downloads: 125 TO CITE -
Testing pecking order behaviors from the viewpoint of multinational and domestic corporations
Chuan-Hao Hsu , Yi-Chein Chiang , Tung Liang LiaoInvestment Management and Financial Innovations Volume 10, 2013 Issue #2 (cont.)
Views: 483 Downloads: 206 TO CITE -
Dividend payout policy decision: the role of foreign ownership
Yi-Chein Chiang , Bo-Song LaiInvestment Management and Financial Innovations Volume 12, 2015 Issue #2 (cont.) pp. 205-213
Views: 480 Downloads: 316 TO CITE -
Foreign ownership and firm-level stock return volatility in Taiwan
Yi-Chein Chiang , Ming-Han Chan doi: http://dx.doi.org/10.21511/imfi.14(3-1).2017.10Investment Management and Financial Innovations Volume 14, 2017 Issue #3 pp. 261-269
Views: 1011 Downloads: 262 TO CITE АНОТАЦІЯWith the increasing presence of foreign investors and their importance in the stock markets, the authors investigate the effects of foreign ownership on stock return volatility by using Taiwanese firm-level data covering a period from 1994 to 2014. The results demonstrate that foreign ownership is negatively correlated with stock return volatility during the whole sample period, the so-called stabilizing effect. For the sub-sample test, this effect is the largest during the period 2002–2007, the years following Taiwan joins WTO. However, the stabilizing effect did not exist after the global financial crisis in 2008 and recent years. The results are also robust after correcting the potential endogeneity issue.
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