International Journal of Electronic Finance
The importance of information technologies in the ability of fund managers to time the market
International Journal of Electronic Finance
International Journal of Electronic Finance
Does stock market volatility with regime shifts signal the business cycle in Taiwan?
International Journal of Electronic Finance
Portfolio diversification: the role of information technology in future investment decision-making
International Journal of Electronic Finance
International Journal of Electronic Finance
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This study treated 624 listed companies of non-finance and non-insurance industries in Taiwan from 2006 to 2007 as the samples. It probed into the financial derivatives undertaking of listed companies in Taiwan, and analysed the relation between financial derivatives hedging and corporate characteristics, as well as the factors influencing hedging decision-making and hedging instrument selection. This study is based on event history analysis to deal with the issues of censoring, ties and discrete variables that is superior to traditional regression models. The empirical analysis leads to the following results: companies with more growth investment opportunities, larger company scale and more financial crisis cost will tend to have financial derivatives hedging; as to the influence of industrial factors, electronics, electric machinery and machinery industry is more influential on hedging of financial derivatives undertaking than other industries.