英文摘要 |
The purpose of this study is to explore the effects from the announcement of the trade war between China and the United States on Taiwan’s technology companies from the perspective of capital market investors. The research aims: 1) to use an event study to investigate the effects of this announcement on companies’ abnormal stock returns; 2) to explore whether companies have prepared corporate social responsibility reports, have sound corporate governance mechanisms, and have the ability to reduce the adverse effects of the trade war between the two countries on abnormal returns in their stock prices. Results show that the trade war does have adverse effects on the abnormal stock returns of Taiwan’s technology industry. However, if companies disclose social responsibility information and have sound corporate governance mechanisms, then the adverse effects from the trade war between China and the United States can be mitigated. |