What Matters in Turnover Intention of Generation Y in Taiwan

Lin, Yu‐Chen; Yeh, Chu-Chen Rosa

doi:10.5465/ambpp.2015.18947abstract

Cited by 1 publication

(2 citation statements)

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“…Specifically, the market responded positively to CRCR announcements, whereas significantly negative abnormal returns were associated with capital reductions made to eliminate accumulated losses (Huang et al, 2012;Wang & Huang, 2013). Lin et al (2009) employ the scale-adjusted return estimation method developed by Barber and Lyon (1997), and they discover that the market responded positively to a firm's CRCR announcement after the day on which it was announced and the stock price showed changes before the announcement. Comparing different types of capital reduction becomes meaningless as a substantial sample of CRCR observations accumulates over time.…”

Section: Introductionmentioning

confidence: 99%

“…Lin et al. (2009) employ the scale‐adjusted return estimation method developed by Barber and Lyon (1997), and they discover that the market responded positively to a firm's CRCR announcement after the day on which it was announced and the stock price showed changes before the announcement. Comparing different types of capital reduction becomes meaningless as a substantial sample of CRCR observations accumulates over time.…”

Section: Introductionmentioning

confidence: 99%

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Exploring cash refund capital reduction in Taiwan: Empirical insights from bull and bear markets

Wei,

Yu,

Hou

2024

J Corp Accounting Finance

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The paper explores the concept of cash refund capital reductions (CRCR) in the context of firms listed on the Taiwan Stock Exchange Corporation (TSEC) and GreTai Securities Market (GTSM). CRCR is a distinct and increasingly vital financial tool used by these firms. Taiwan stands alone in adopting CRCR, making it a challenge to establish both a theoretical framework and gather empirical evidence on this subject. In this study, we examined 205 CRCR announcements made between 2002 and 2022, delving into their impact on both bull and bear markets. Our investigation reveals that the market responses to CRCR announcements were more significant during bull markets compared to bear markets. Additionally, we delve into the crucial factors influencing market responses in these varying market conditions. The findings underscore the importance for firms announcing CRCR to carefully consider the prevailing market conditions.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%