Stock price effects analysis between US and Taiwanese online stock trading
This paper examines online stock price effects of cross-listings American Depositary Receipts (ADRs) in Taiwanese companies. Specifically, decision tree and rule base systems were used to analyse the stock price variances of ADRs in the USA and those in Taiwan market to see if the ADR listed in the US market reflects the real-time information that became available while the US market was open right after the Taiwan market was closed. The results showed that most of the companies had higher accuracy rates of ADRs prediction, and some companies even had more than 60% accuracy rates. This paper concludes that Taiwanese stock price plays the main role in affecting the stock prices in the USA.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 2 (2008)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID=171|
When requesting a correction, please mention this item's handle: RePEc:ids:ijelfi:v:2:y:2008:i:4:p:371-382. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson)
If references are entirely missing, you can add them using this form.