This paper investigates the effect of monetary policies, mainly proxied by interest rate changes, on the relationship between advertising and subsequent net cash flows for Taiwan's mutual fund industry. Based on a comprehensive mutual fund dataset and allowing for a precise estimation of fund...

We set out in this study is to investigate the impact of Google search volume on stock prices around periods of recommendation revision announcements made by securities firms in the Taiwan stock market. Our results reveal that for upgrade announcements, the Internet searches that are initiated...