Long-run Performance after the Amendment of Article 197-1 of Company Act

Abstract

This thesis aims to investigate the long-term effect of the amendment of Article 197-1 of the Company Act passed on October 25 2011 and the administrative rule of the article posted by the ministry of economic affairs on August 1 2018 on the long-term performance of the firm In terms of methods we use buy-and-hold abnormal return cumulative abnormal return and calendar time abnormal return to measure the long-run performance during the time periods We find out that most of the results turn out to be insignificant showing that the effect of the amendment or the administrative rule might be short term effect or no effect but those with significant results also should be take into account in terms of lawmaking

Date of Award	2020
Original language	English
Supervisor	Tse-Shih Wang (Supervisor)