Price Reactions to the Announcement of the Cross-Strait Economic Cooperation Framework Agreement

Li-Chiu Chi

Applied Economics Quarterly (formerly: Konjunkturpolitik), 2012, vol. 58, issue 3, 213-221

Abstract: This study employs event study methodology to capture the effects of the signing of the cross-strait Economic Cooperation Framework Agreement (ECFA) on the shipping and transportation business in Taiwan. The results of this study will be useful in adding to the body of literature that analyzes market response in order to identify the likely beneficiaries of the regional economic cooperation and liberalization brought about by the ECFA. This analysis ascertains that investors quickly anticipate the good news of the signing of the ECFA and fully assimilate its implications for a firm's value on a timely and unbiased basis.

Keywords: ECFA; price reactions; single industry (search for similar items in EconPapers)
JEL-codes: F13 G14 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.3790/aeq.58.3.213 (application/pdf)
Access to full text is restricted to subscribers (2008 onwards); Pay-per-view access from http://ejournals.duncker-humblot.de/loi/aeq or from http://www.genios.de (2006 onwards with 2 years moving wall)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aeq:aeqaeq:v58_y2012_i3_q3_p213-221

Ordering information: This journal article can be ordered from
http://www.duncker-h ... nomicsquarterly.html

Access Statistics for this article

Applied Economics Quarterly (formerly: Konjunkturpolitik) is currently edited by Ansgar Belke, Uwe Sunde and Winfried Koeniger

More articles in Applied Economics Quarterly (formerly: Konjunkturpolitik) from Duncker & Humblot, Berlin
Bibliographic data for series maintained by Deborah Anne Bowen ( this e-mail address is bad, please contact ).