An Event Study Analysis of Political Events, Disasters, and Accidents for Chinese Tourists to Taiwan

Chia-Lin Chang; Shu-Han Hsu; Michael McAleer

doi:10.3390/su10114307

An Event Study Analysis of Political Events, Disasters, and Accidents for Chinese Tourists to Taiwan

Sustainability ◽

10.3390/su10114307 ◽

2018 ◽

Vol 10 (11) ◽

pp. 4307

Author(s):

Chia-Lin Chang ◽

Shu-Han Hsu ◽

Michael McAleer

Keyword(s):

Event Study ◽

Fundamental Equation ◽

Rate Of Change ◽

Group Type ◽

Political Events ◽

Before And After ◽

Huge Impact ◽

Chinese Tourists ◽

Conditional Variance Models ◽

The Taiwan Strait

The number of Chinese tourists visiting Taiwan has been closely related to the political relationship across the Taiwan Strait. The occurrence of political events and disasters or accidents have had, and will continue to have, a huge impact on the Taiwan tourism market. To date, there has been relatively little empirical research conducted on this issue. Tourists are characterized as being involved in one of three types of tourism: group tourism (group-type), individual tourism (individual-type), and medical cosmetology (medical-type). We use the fundamental equation in tourism finance to examine the correlation that exists between the rate of change in the number of tourists and the rate of return on tourism. Second, we use the event study method to observe whether the numbers of tourists have changed abnormally before and after the occurrence of major events on both sides of the Strait. Three different types of conditional variance models, namely, the Generalized Autoregressive Conditional Heteroscedasticity, GARCH (1,1), Glosten, Jagannathan and Runkle, GJR (1,1) and Exponential GARCH, EGARCH (1,1), are used to estimate the abnormal rate of change in the number of tourists. The empirical results concerning the major events affecting the changes in the numbers of tourists from China to Taiwan are economically significant, and confirm the types of tourists that are most likely to be affected by such major events.

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Pengaruh Peristiwa Politik (Pemilu Presiden dan Pengumuman Susunan Kabinet) Terhadap Saham Sektor Industri Di Bursa Efek Indonesia

CAPITAL JURNAL EKONOMI DAN MANAJEMEN ◽

10.25273/capital.v1i2.2319 ◽

2018 ◽

Vol 1 (2) ◽

pp. 125

Author(s):

Siti Wardani Bakri Katti

Keyword(s):

Stock Market ◽

Event Study ◽

Abnormal Return ◽

Presidential Elections ◽

Abnormal Returns ◽

Industrial Sector ◽

The Political ◽

Stock Trading ◽

Political Events ◽

Before And After

ABSTRACT Political events is one of the non-economic risks that may affect the investor's decision to invest in the capital market. The purpose of this article to determine the reaction and the difference of abnormal return of stock industry sector in Indonesia Stock Exchange (IDX) between before and after the political events (the presidential elections and the announcement of the cabinet line). Selection of industrial sector companies as research objects based on the premise that the industrial sector is the main sector driving stock trading in the IDX. This article using event study method to measure the market's reaction to events of national politics. In conducting this article used the data Composite Stock Price Index (JCI) as well as daily stock trading data on the industrial sector. Based on the results of the sample selection using purposive sampling, the sample in the study of 40 companies. The results can be concluded that there are abnormal returns around the national political events, but there are no differences in Average Abnormal Return (AAR) before and after the political events. This shows the predictions and information received by the stock market participants are relatively the same.Keywords: Political Events, Presidential Elections, Stock Market, Abnormal Return, Event Study

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From IRL (in-real-life) to URL: Capturing the art biennial amid COVID-19

Journal of Contemporary Chinese Art ◽

10.1386/jcca_00048_1 ◽

2021 ◽

Vol 8 (2-3) ◽

pp. 291-311

Author(s):

(Gwen) Kuan-ying Kuo

Keyword(s):

Real Life ◽

Art World ◽

The Public ◽

Global Pandemic ◽

International Exhibitions ◽

Art Scene ◽

Before And After ◽

The Face ◽

The Taiwan Strait ◽

Potential Shifts

In early 2020, the unforeseen COVID-19 has brought the art world to its knees, particularly the contemporary art scene needs viewers and feedback to survive. Artists require new channels connecting them with their audiences, while artists’ work needs to be seen and appreciated by the public to sustain its value. In the face of social distancing restrictions and limited visitors, however, many international exhibitions are forced to cancel or postponed. With less to no patronage, will the global pandemic bring the end of the art world? As the global pandemic has forced most social and cultural events moving online, the art biennials are no exception. This article examines the art biennial, the Olympics of the art world, to rediscover the meaning of ‘art’ before and after COVID-19. Integrating virtual presentation and digital campaign between the Taipei Biennial and the Shanghai Biennale, the first running art biennials across the Taiwan Strait, this article analyses and presents the art world’s potential shifts in the post-pandemic future.

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Speech Waveform Perturbation Analysis

Journal of Speech Language and Hearing Research ◽

10.1044/jshr.2901.50 ◽

1986 ◽

Vol 29 (1) ◽

pp. 50-64 ◽

Cited By ~ 97

Author(s):

Anders G. Askenfelt ◽

Britta Hammarberg

Keyword(s):

Relative Frequency ◽

Clinical Applications ◽

Rate Of Change ◽

Frequency Of Occurrence ◽

Pitch Period ◽

Acoustic Measures ◽

Before And After ◽

Perturbation Data ◽

Acoustic Measure ◽

Pathological Voice

The performance of seven acoustic measures of cycle-to-cycle variations (perturbations) in the speech waveform was compared. All measures were calculated automatically and applied on running speech. Three of the measures refer to the frequency of occurrence and severity of waveform perturbations in special selected parts of the speech, identified by means of the rate of change in the fundamental frequency. Three other measures refer to statistical properties of the distribution of the relative frequency differences between adjacent pitch periods. One perturbation measure refers to the percentage of consecutive pitch period differences with alternating signs. The acoustic measures were tested on tape recorded speech samples from 41 voice patients, before and after successful therapy. Scattergrams of acoustic waveform perturbation data versus an average of perceived deviant voice qualities, as rated by voice clinicians, are presented. The perturbation measures were compared with regard to the acoustic-perceptual correlation and their ability to discriminate between normal and pathological voice status. The standard deviation of the distribution of the relative frequency differences was suggested as the most useful acoustic measure of waveform perturbations for clinical applications.

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Harga Saham Sebelum dan Sesudah Stock Split

Journal of Economic Bussines and Accounting (COSTING) ◽

10.31539/costing.v3i2.1163 ◽

2020 ◽

Vol 3 (2) ◽

pp. 390-395

Author(s):

Junita Putri Rajana Harahap ◽

Murni Dahlena Nasution

Keyword(s):

Event Study ◽

Capital Market ◽

Stock Prices ◽

Stock Price ◽

Research Method ◽

Price Difference ◽

Significant Difference ◽

Stock Split ◽

Before And After ◽

A Company

The stock split causes the stock price to be cheaper so that it will attract potential investors to buy the stock. This research was conducted to determine when it is time for a company to do a stock split, information available on the capital market can be used by investors for consideration before investors make a decision to invest in shares. The study aims to determine the changes that occur in stock prices before and after the stock split policy by the company. The research method used in this research is event study research with a quantitative approach. This study examines how significant the stock price difference is after a stock split policy. The sample used in this study were all companies that carried out the 2016-2018 stock split policy. The results of research on companies that become samples have shown that the average stock price before the announcement of the stock split policy has no significant difference with the average stock price after the announcement of the stock split policy Keywords : Stock Price, Stock Split

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Investor’s Mood at ASIAN Games Event

BISNIS : Jurnal Bisnis dan Manajemen Islam ◽

10.21043/bisnis.v7i2.5797 ◽

2019 ◽

Vol 7 (2) ◽

pp. 177

Author(s):

Happy Sista Devy ◽

Bahrain Pasha Irawan

Keyword(s):

Event Study ◽

Abnormal Return ◽

Sampling Method ◽

Stock Exchange ◽

Purposive Sampling ◽

Event Study Method ◽

Before And After ◽

Wait And See ◽

The Many ◽

Observation Period

Goals of the research to analyze whether occurred abnormal return of ASIAN Games phenomena and see how investors react to the big ASIAN Games 2018 event in Indonesia. . This reseach uses a sample of companies included in the hotel, restaurant and tourism sub-sector on the Indonesia Stock Exchange (IDX) during the observation period, based on the purposive sampling method which obtained 22 companies and used the event study method. There is a significant abnormal return but not on the phenomenon of the Asian Games 2018. This shows that investors still wait and see to the organization of the Asian Games in 2018. No difference of abnormal return before and after the Asian Games 2018. This is because, as investors look to the many tourists who have started to flock to Indonesia before the Asian Games in 2018 took place.

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The Announcement of Sharia Bank’s Conditional Merger Agreement. How Investor Reacted?

Journal of Business Management Review ◽

10.47153/jbmr22.1002021 ◽

2021 ◽

Vol 2 (2) ◽

pp. 136-146

Author(s):

Syamsuddin Syamsuddin ◽

Versiandika Yudha Pratama

Keyword(s):

Event Study ◽

Stock Price ◽

Abnormal Return ◽

Secondary Data ◽

T Test ◽

Event Window ◽

Paired Sample ◽

Average Abnormal Return ◽

Significant Difference ◽

Before And After

This study aims to determine there is a difference in average abnormal return of BRI Syariah before and after the signing of the Conditional Merger Agreement (CMA), which is on October 12th, 2020. This research used event study for method and the data in this study are secondary data in the form of stock price data of BRI Syariah. The event window in this study for 11 (eleven) working days which is 5 (five) days before the event, 1 (one) day when the event occurs and 5 (five) days after the signing of the Conditional Merger Agreement (CMA) BUMN sharia bank. Meanwhile, the estimated period is set for 120 exchange days, namely at t-125 to t-6. Test conducted by paired sample t-test. The results of the paired sample t-test showed that there is no significant difference between the average abnormal return of BRI Syariah shares before and after the signing of the Conditional Merger Agreement. It can be concluded that neither the market nor investors reacted to the signing of the Conditional Merger Agreement (CMA) that occurred at BRI Syariah Bank.

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Nature Enhanced Meditation: Effects on Mindfulness, Connectedness to Nature, and Pro-Environmental Behavior

Environment and Behavior ◽

10.1177/0013916520952452 ◽

2020 ◽

pp. 001391652095245

Author(s):

Travis N. Ray ◽

Scott A. Franz ◽

Nicole L. Jarrett ◽

Scott M. Pickett

Keyword(s):

Natural Environment ◽

Environmental Behavior ◽

Rate Of Change ◽

Future Research ◽

Control Group ◽

Cross Sectional ◽

Connectedness To Nature ◽

Beneficial Effects ◽

Before And After

Previous research suggests that meditation, a mindfulness exercise, could result in increased connectedness to nature and pro-environmental behavior. Exposure to nature also is associated with these outcomes. It was hypothesized that meditation alongside stimuli reminiscent of the natural environment would produce enhanced effects. Participants ( N = 97) were randomly assigned to complete a 4-week online meditation program consisting of a guided meditation paired with either nature sounds (“nature group”) or spa-like sounds (“control group”). Mindfulness, connectedness to nature, and pro-environmental behavior were assessed before and after the program. Meditation, in general, produced increases in mindfulness, connectedness to nature, and pro-environmental behavior. Additionally, the nature group had a greater rate of change in connectedness to nature when compared to the control group. The results extend previous cross-sectional research by demonstrating the beneficial effects of meditation on pro-environmental behavior and its theorized mechanisms, which may be informative for future research and interventions.

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Antidopaminergic treatment is associated with reduced chorea and irritability but impaired cognition in Huntington’s disease (Enroll-HD)

Journal of Neurology Neurosurgery & Psychiatry ◽

10.1136/jnnp-2019-322038 ◽

2020 ◽

Vol 91 (6) ◽

pp. 622-630

Author(s):

Kate L Harris ◽

Wei-Li Kuan ◽

Sarah L Mason ◽

Roger A Barker

Keyword(s):

Huntington's Disease ◽

Huntington’S Disease ◽

Case Reports ◽

Controlled Trial ◽

Rate Of Change ◽

Control Group ◽

Open Label ◽

Double Blind ◽

Before And After ◽

Rate Of Decline

ObjectivesAlterations in dopamine neurotransmission underlie some of the clinical features of Huntington’s disease (HD) and as such are a target for therapeutic intervention, especially for the treatment of chorea and some behavioural problems. However, justification for such an intervention is mainly based on case reports and small open label studies and the effects these drugs have on cognition in HD remain unclear.MethodsIn this study, we used the Enroll-HD observational database to assess the effects of antidopaminergic medication on motor, psychiatric and cognitive decline, over a 3-year period. We first looked at the annual rate of decline of a group of HD patients taking antidopaminergic medication (n=466) compared with an untreated matched group (n=466). The groups were matched on specified clinical variables using propensity score matching. Next, we studied a separate group of HD patients who were prescribed such medications part way through the study (n=90) and compared their rate of change before and after the drugs were introduced and compared this to a matched control group.ResultsWe found that HD patients taking antidopaminergic medication had a slower progression in chorea and irritability compared with those not taking such medications. However, this same group of patients also displayed significantly greater rate of decline in a range of cognitive tasks.ConclusionIn conclusion we found that antidopaminergic treatment is associated with improvements in the choreic movements and irritability of HD but worsens cognition. However, further research is required to prospectively investigate this and whether these are causally linked, ideally in a double-blind placebo-controlled trial.

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Mexico: New Democracy with Old Parties?

Politics ◽

10.1111/1467-9256.00194 ◽

2003 ◽

Vol 23 (3) ◽

pp. 172-180

Author(s):

Carlos E. Casillas ◽

Alejandro Mújica

Keyword(s):

Political Parties ◽

Presidential Election ◽

Party System ◽

Historical Perspective ◽

Contemporary History ◽

Systematic Analysis ◽

Political Events ◽

Before And After ◽

Election Results ◽

New Democracy

Mexico's 2000 presidential election was one of the most important political events in the nation's contemporary history. The victory of the National Action Party (PAN) and Vicente Fox, the first ‘non-official’ candidate ever to win a Mexican presidential election, surprised both local and world observers. This article comprises four parts. Part I very briefly places the election in historical perspective. In Part II, each of the three front-runners in the contest is profiled. Part III includes a systematic analysis of the general election results by constituencies or other territorial units, and features tabulated data. Part IV addresses the development of political parties and the party system before and after the elections.

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