This paper explores the trading activity of busy fund manager in the mutual fund industry for 10 years (2002 Q1 to 2012 Q2) of domestic stocks in Taiwan. It investigates the past busy behavior of the fund's manager affected the future performance. On the other side, it also reflects the past...

This paper examines the influence of institutional investor behavior on the stock return synchronicity using a sample of Taiwanese listed companies for the period 2000-2005. We find that stock prices reflect more firm-specific information for firms whose institutional ownerships are higher....

We document empirical support for the 'house money' effect proposed by Thaler and Johnson (1990). Market makers for Taiwan' TAIEX index options tend to take above-average risks in afternoon trading after above-average morning gains. The fraction of market makers with better-than-average morning...

This paper proposes a formal methodology to gauge the credit risk of housing loans. It estimates the default probability and recovery rate endogenously, which is more detailed than previous studies. Using data from a bank in Taiwan, this study also determines whether securing loans, granting...