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    [[alternative]]A Study of NLP Assistance in Childhood Trauma Caused by Parental Discipline

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    [[abstract]]  本研究旨在探究運用神經語言程式學(Neuro Linguistic Programming)介入童年時期由父母不當教養所形成創傷的個案,探討對其自我、人際、親密、親子等關係之轉變與促使改變因子。將以半結構式訪談三位因父母教養而產生童年創傷之個案,所得文本採「主題分析法」了解個體面對關係的對應模式。並運用NLP設計三次會談介入,協助個案深入探索與改變;最後再進行深度回訪,蒐集三次會談歷程後個案自我、人際、親密、親子等關係有何轉變,及了解其改變因子。研究結果如下:一、 父母不當教養模式越相近,子女面對關係的應對模式越相似。三位研究參與者皆出現低自我價值、高自我要求與否定的自我關係;面對人際與親密等關係也較容易表現出討好他人、忽略自我、壓抑情緒甚至迴避關係的互動模式;在親子關係上無意識的反應出父母教養模式以及投射童年匱乏的焦慮感。二、 經三次NLP諮商後,理解、轉變、修復與父母的關係,故更能接納、肯定自我,因而感受到自我價值感的提升;面對人際與親密等關係也因提升安全與信任,而更加開放與接納,能展現真誠一致的面對人我;親子關係也因減輕童年匱乏的焦慮感而增進彼此信任、減少干預,故能鼓勵並尊重孩子多元發展。三、 促使歷程轉變之因子 : 1. 人稱時態、重新定義 : 歷程中進入不同人稱觀點,並在時間線上以不同時態的視角重新檢視經驗;故對過去父母身處的時空背景、教養所形成的創傷經驗獲得新的理解,因而重新賦予新的定義。2. 理解生命存在意義 : 感受內在靈性召喚所欲實現的願景、使命與自我身分定位;進而發現生命存在的意義與價值,重新發展社會情懷。3. 接納陰影、統整自我 : 覺察自我的獨特性、發現優勢、釐清界限,並接納自我限制、缺陷與內在陰影;使其統整身分,形塑完整自我。[[abstract]]  The purpose of this study is to explore the changes and induced changing factors by utilizing NLP ( Neuro Linguistic Programming) to intervene the impact of childhood trauma resulting from inappropriate parenting discipline on self-relationship, interpersonal relationships, intimate relationships, parents-child relationships, and other aspects of life. Semi-structured interviews have been conducted with three cases of childhood trauma resulting from inappropriate parenting discipline. The obtained texts have been analyzed by utilizing the “thematic analysis” method to understand the coping style which formed by oneself in facing relationships. NLP (neuro-linguistic programming) has been used to design a three-time meeting for intervention to assist the cases in exploring and changing more deeply. Finally, a follow-up in-depth interview has been conducted to collect the changes of case in self-relationship, interpersonal relationships, intimate relationships, parents-child relationships, and other aspects of life after the course of three meetings, to understand its changing factors brought by NLP intervention. Results of the study are as follows:1. The more similar the inappropriate parenting discipline are, the more similar the coping styles of children are. The three research participants all showed low self-worth, high self-demand, and negative in self-relationship. In facing interpersonal and intimate relationships, they also tended to exhibit interactive modes of pleasing others, ignoring themselves, suppressing emotions, or even avoiding relationships. They unconsciously reflected their upbringing and projected a sense of anxiety caused by childhood deprivation into their parent-child relationships.2. After three-times of NLP consultations, the participants have gained a better understanding, changes, and repair of their relationship with their parents. They have become more acceptive and affirmative of themselves, hence resulting in an increase in their sense of self-worth. They have also been more open and acceptive in their interpersonal and intimate relationships, and have showed a sincere and consistent self. The parent-child relationship has also been improved by alleviating the anxiety caused by childhood deprivation, which has been induced mutual trust and reduced interference, encouraging and respecting the child's diverse development.3. The factors which has been induced course changes are: 1) Changing in tense and perspectives to redefinition: redefine one's experiences by entering different perspectives in the course, reviewing experiences from different temporal tense on the timeline, and gaining a new understanding the different background of their parents and traumatic experiences formed by their parenting mode, thereby to redefining them.2) Understanding the meaning of life: feeling the inner spiritual calling to achieve visions, missions, and self-identity. It has been led to the discovery of the meaning and value of life, and redeveloping social empathy.3) Accepting shadow and ego-integrity: by recognizing one's uniqueness, discovering one's strengths, clarifying boundaries, and accepting limitations, defects, and shadows of oneself. This is to achieve in self-integration and shaping a complete self

    [[alternative]]The Influence of Foreign Direct Investment on Environment and Economic Performance in ASEAN Countries

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    [[abstract]]  過去十年,5-ASEAN(包括越南、印度尼西亞、泰國、馬來西亞和菲律賓)受到外國投資者的關注。 近期,儘管全球地緣政治不確定性和Covid-19流行病的複雜挑戰,外國直接投資(FDI)持續湧入這些東協國家。 外國直接投資(FDI)對世界各國都發揮著重要作用。 儘管多數意見認為外國直接投資對地主國將產生有利的影響,但相關的文獻在 FDI對環境影響的研究結論卻各有異同。例如Zhu 等人(2016) 年發現 FDI 與 CO2 排放之間存在正相關,但Tang and Tan (2015);Zhang 和 Zhou (2016)卻發現了FDI 與 CO2 排放之間存在負相關,而其他學者Phuong 和 Tuyen (2018) 則發現FDI 和 CO2 排放缺乏關聯的證據。  針對外國投資的影響,本研究研究建立3 個主要研究主題:  首先,本研究分析FDI及其他因素可能與碳排放有關的因素,包括經濟增長、能源使用、城市化和政府教育支出,採用相同的多變量環境庫茲涅茨曲線 (EKC) 估計來探討它們對碳排放的影響。根據Pooled Mean Group (PMG) 估計的結果顯示 GDP 和碳排放之間存在非線性倒 U 形的關係,支持傳統的 EKC 模型。另一方面,研究結果顯示外國直接投資可能會在短期內增加碳排放,特別是在發展中國家和正在工業化的國家,但從長遠來看,外國直接投資可能會提高地主國的環境質量。  其次,近年外國投資人積極參與越南企業投資。 因此,本研究試圖使用普通最小平方 (OLS) 和固定效應模型 (FEM)來衡量2010-2019 年期間外國所有權對越南股票上市公司業績的影響。 實證結果顯示,公司中擁有較高比例的外國機構者,會具有更高的公司績效。  最後,在全球化經濟中,企業有越來越多的投資機會,尤其是在發展中國家。投資是決定企業經濟增長潛力的關鍵活動。如何做出有效投資則是企業非常關心的問題。為了了解影響投資決策結果的因素,本研究使用共被引用分析方法(co-citation method)進一步探討影響投資效率的因素。  這項研究不僅對文獻綜述具有正向的意涵,而且對決策者、管理者、債權人、投資者和其他處於同等條件的相關夥伴也具有啟示。  首先,FDI 與碳排放量之間存在長期顯著相關性,這意味著 FDI 流入可以降低碳排放量。為了減少二氧化碳排放並實現可持續增長,他們必須為外國直接投資制定嚴格的指導方針和規範。  此外,公司中外國機構所有者比例較高可能會導致更高的公司績效。 它可以幫助投資者監督管理人員的業務活動,並通過改善公司治理來提高投資者保護水平。  此外,共引用方法分析的結果概述了關於投資效率的四種研究趨勢,例如:財務報告質量、董事會性別多元化、企業社會責任和所有權結構。了解影響投資效率的因素能有助於政策制定者擬定投資決策。它還有助於發展中國家發揮優勢,增強競爭力,吸引外國直接投資。  最後但並非最不重要的一點是,這對其他發展中國家尋求如何平衡持續增長目標和環境問題提供了一個寶貴的教材。[[abstract]]  Over the past decade, 5-ASEAN (including Vietnam, Indonesia, Thailand, Malaysia, and Philippines) have received the attention of capital investment from foreign investors. Recently, despite global geopolitical uncertainties and the complicated challenge of the Covid-19 epidemic, foreign direct investment (FDI) inflows have continued to pour into these ASEAN countries. Foreign Direct Investment (FDI) plays an important role for all countries in the world. Despite the favourable effects of foreign direct investment, prior literature documented inconsistent evidence on the impact of FDI inflows on the environment. Zhu et al. (2016) found a positive relationship between FDI and CO2 emissions, (Tang and Tan, 2015; Zhang and Zhou, 2016) discovered a contradictory discovery: a negative correlation among FDI and CO2 emissions. while other scholars (Phuong and Tuyen, 2018) found no evidence on FDI and CO2 emissions.  The study consists of 3 main issues:  Firstly, this study investigates FDI inflows are integrated to other factors, including economic development, energy demand, urbanization, and education spending of government by using multivariate environmental Kuznets curve (EKC) estimation to explore their influence on carbon emissions. The results from the Pooled Mean Group (PMG) estimator support the traditional EKC model by showing a nonlinear inverted U-shaped link exists among GDP and carbon emissions. This study found that in the short-term, FDI may increase CO2 emissions, particularly in developing countries, but FDI may enhance environmental quality in the host nation in the long-run.  Secondly, FDI inflows have been flowing strongly into key economic regions of Vietnam. Accordingly, the number of foreign investors as managers and owners of enterprises have also increased recently. Therefore, this study attempts to measure the influence of foreign ownership on performance of companies listed on the Vietnamese stock market using the Ordinary least squares (OLS) to have efficient estimates from the fix-effects model (FEM) for the period 2010–2019. The empirical findings show that a greater proportion of foreign institutional owners in a company may lead to a higher firm’s financial performance.  Thirdly, businesses have more and more options to invest in a worldwide economy, particularly in developing nations. The ability of an organization to grow economically is mostly dependent on investment. It is very important to consider how businesses decide on investment efficiency. To understand elements which could be the result of investment strategies, this research further explores the factors that affected investment efficiency by using the co-citation analysis.   This research has useful suggestions for the literature, and for policymakers, investors as well as another relevant partners in equivalent conditions.   First and foremost, existence of a long-term association among foreign direct investment and carbon emissions, this means FDI inflows could lower carbon emissions. To reduce CO2 emissions and achieve sustainable growth, they must set tight guidelines and norms for FDI.   Moreover, the evidence of a greater proportion of foreign institutional owners in the company may lead to higher firm’s financial performance. It might help investors keep tabs on managers' professional activities and boost investor protection by fostering better corporate governance.  Furthermore, the results of co-citation analysis provide an overview of four themes on investment performance like: quality financial statement, diverse on boards, CSR, and ownership structure. Understanding the factors that influence investment efficiency may aid policymakers in developing an investment strategy. Additionally, it aids developing nations in highlighting their advantages and boosting their level of competitiveness to attract FDI.  Last but not least, this is a valuable lesson for other developing countries on how to balance the goal of sustainable growth and environmental issues

    [[alternative]]The Research on the Service Flower Theory Implications for Insurance Companies in Taiwan

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    [[abstract]]  作為壽險服務業務成功的條件就是服務經營,成功的服務人員必須具備且擁有一套經過深入研究與實質計畫,以便將業務轉化成為成功的經營銷售者。尤其是在這以壽險服務為無形且數位趨勢的時代行業,以目前保險業務銷售通路除傳統業務員及網路行銷外,還包括有保險經紀人、銀行保險電話及電視行銷...等,都紛紛加入戰局。在競爭又多元化管道的環境下,保險業務的銷售已不再僅是傳統保險業務員的專利;保險公司接觸顧客的管道比以往更為廣泛,而且消費者所選擇購買保險商品的比較也比以往更多元化且透明化。服務花朵理論運用在保險服務人員上能確保對保戶的信任與優質的品質服務。保險業之創新行銷通路乃是有別於一般以壽險業務員為主之傳統行銷通路。本文研究之核心概念乃是站在消費者之立場,分析壽險業如何結合服務花朵,創造出更多的服務價值,將有利於提昇其產業持續競爭力。[[abstract]]  The core research of this thesis is, standing in the shoes of consumers, focusing on the analysis of how the life insurance industry can combine with the Flower of Service to create more service value. The innovation of marketing channels of the life insurance industry will benefit the industry from enhancing the lasting competitiveness. While dealing with the diversification and internetization of competing trends of the business channels, insurance companies would not only have to understand clients needs and provide personalized and customized services, through increasing the quality of service to maintain satisfaction and loyalty of their clients; but also interact with clients to build trust and capitalize customer value. Hence, the life insurance industry can only seize a preemptive opportunity through establishing benign relationships with clients and well acknowledging their opinions and situations. Developing a new service product is as important as resolving clients complaints and problems. Plus, only through possessing clients critical information can the life insurance companies maintain the bridge of relationships and earn recognition and good word-of-mouth from clients

    [[alternative]]Research on the Influence of Beauty SPA Service Quality and Beautician Functional Ability on Customer Perceived Value and Behavior Intention in Taichung City

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    [[abstract]]  近年來,隨著消費者對於生活品質的要求提高,美容SPA行業在臺灣逐漸壯大。然而,市場競爭激烈,如何提高顧客的知覺價值和維持其忠誠度,成為了業界亟待解決的問題。因此,本研究旨在探討臺中市美容SPA服務品質和美容師職能能力對顧客知覺價值和行為的影響,以提供該行業的經營者和從業人員有關如何改進服務品質、提高美容師職能能力的實用建議,進而提升企業競爭力和顧客滿意度。  本研究在於探討臺中市美容SPA行業在提高顧客知覺價值和維持其忠誠度方面面臨的問題,並探尋如何提高顧客對於服務品質的認知和滿意度,進而提升美容SPA企業的競爭力。此外,本研究還關注美容師的職能能力對顧客知覺價值和行為的影響,以幫助業界提供更優質的服務和更好的顧客體驗,從而實現業務的增長和品牌的提升。  本研究在比較不同個人背景變項之下,以服務品質、職能能力、知覺價值、行為意向為研究範圍,並探討其相互之間的關係與影響。本研究研究對象為SPA美容院的顧客群,調查方式是採便利抽樣方式發放問卷給SPA美容院的顧客填答,並以SPSS18統計軟體進行統計分析,對顧客的答案,以論證本研究各構面之論點。  研究結果顯示1.服務品質對知覺價值有顯著正向之影響;2.職能能力對知覺價值有顯著正向影響;3.知覺價值對行為意向有顯著正向影響;4知覺價值對服務品質與行為意向有部分中介效果;5.知覺價值對職能能力與行為意向有部分中介效果。[[abstract]]  This study compares Under the comparison of different personal background variables, this study takes service quality, functional ability, perceived value, and behavioral intention as the research scope, and explores the relationship and influence among them. The research object of this study is the customer group of SPA beauty salons. The survey method is to distribute questionnaires to the customers of SPA beauty salons by means of convenience sampling, and statistically analyze the answers of the customers with SPSS18 statistical software to demonstrate the various aspects of this study. argument.  Research results:1. Service quality has a significant positive impact on perceived value; 2. Functional competence has a significant positive impact on perceived value; 3. Perceived value has a significant positive impact on behavioral intention; 4 Perceived value has a significant positive impact on service quality and Behavior intention has partial mediation effect; 5. Perceived value has partial mediation effect on functional ability and behavior intention

    [[alternative]]A Study on the Laity Paradigms in the Buddha's Age: Mainly Focused on Gahapati Citta and Gahapati Hatthaka

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    [[abstract]]  佛陀曾親自讚揚質多長者及手長者是在家弟子眾中之表率。二位長者必有我們可以學習之處,因此,筆者從經、律、《巴利佛教專有名詞辭典》及相關的資料入手,對於兩者的出身、種姓、修行法門、行為典範、與僧團互動的關係、所得的果位…等進行探究。以期勾勒出質多長者及手長者的德行事跡全貌,希冀能讓後學者對佛世時代這兩位在家弟子更深入完整的了解。經研究的結果如下:一、佛世時代僧人與在家信眾存在著微妙的互動關係,透由托克爾·布雷克(Torkel Brekke)的「外在動機」(extrinsic motivation)、「皈依主義」(conversionism)和「內省主義」(introversionism),這三個概念觀察更能了解出家人、佛教僧團與在家信眾之間,彼此互相增上成長的關係。二、在家人的角色不只是四事供養出家人,他們同時是法的好樂者、佛法實證者與佛法最佳弘傳者。三、質多長者通常被描繪為具洞見之法的好樂者及佛法的實證者。手長者則被描繪為善用四攝法領導眾人、具有卓越的親和力、恒坐禪思第一及具八未曾有法之美稱。四、在家人可以當出家人的老師嗎?則要將「老師」定義清楚。若老師定義為具有「讓人們歸依」的特質,如佛、法、僧時,在佛世時代的佛陀教團中,是沒有案例可以支持的。[[abstract]]  The Buddha himself praised Gahapati Citta and Gahapati Hatthaka as examples among lay disciples. The two householders must have something for us to learn. Therefore, the author started by studying the sutra, Vinaya, Buddhist Dictionary of Pali Proper Names and related materials, and explored the background, caste, practice method, behavior, the attainment status of the two householders, and learned the interaction relationship among the two householders and the Sangha. In order to let the later scholars have a more in-depth and complete understanding of the two lay disciples in the Buddha era, the author outlined the whole picture of the virtues and deeds of the householders. The results of the research are as follows:1. There was a subtle interactive relationship among monks and lay believers in the time of Buddha. Through the observation of the three concepts which were proposed by Torkel Brekke , we can better understand the relationship among monks, the Sangha and laymen. The three concepts were extrinsic motivation, conversionism and introversionism, The three concepts enable monks, Buddhist sangha and lay people to benefit and grow one another.2. The role of lay people is not just to support monks in four things, they are also those who like to study the Dharma, those who exemplify the Dharma, and the best propagators of the Dharma.3. Gahapati Citta is usually portrayed as a keen researcher of Dharma with insight and a executor of Dharma. Gahapati Hatthaka is described as being good at using the four methods to lead the people, has excellent affinity, sitting in meditation, and has the reputation of having eight unprecedented virtues.4. Can lay people be teachers of monks? It is necessary to define “teacher” clearly. If the lay teacher is defined as having the qualities of “letting people take refuge”, such as Buddha, Dharma, and Sangha, there is not any one case in the Buddha's order in the Buddha's era

    [[alternative]]An Exploration of the Evolution of Kamma Thought with Four Literatures

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    [[abstract]]  佛教在佛滅後,教義發展史曾產生過部派業感緣起論、中觀派的緣起性空說、唯識瑜伽行派的阿賴耶識緣起論等,全都是環繞佛陀緣起說而開展。緣起說概括三法印(無常、無我與涅槃寂滅)與四諦說。佛世時代業思想是承繼《吠陀》、《奧義書》、耆那教、婆羅門教等宗教學派,並創新出「無我」、「八正道」、「四聖諦」、「十二緣起」理論。阿毘達摩論主張「三世實有」、「緣起性實」、「無表業」的理論,而後第二世紀大乘佛教興起龍樹提出「緣起性空」、「我空」、「法空」說。在佛教興起時代,有哪些宗教學說與佛世時代業思想牽聯?佛陀的業思想為獨創?本論文主要探討業思想之脈絡與發展,佛世時代《阿含經》,佛後時代《阿毘達摩》,大乘初期以龍樹的中觀學說《中觀論頌.觀業品》為例,大乘中期唯識學以《成唯識論》業思想為主要研究範圍。由不同學派的業思想理論,做一概略性解說比較分析,以「文獻學方法」、「思想研究法」對業思想作整體縱貫性的建構理解。本論文為正確理解佛陀的言教,以確立正知見,消除我執,從「苦」中解脫,是筆者在人生學佛過程中永遠努力追尋的目標。對佛陀業思想的部分,根據若干史料及其著作的整理,期以能有一個整體的概念性認識。[[abstract]]  After the death of the Buddha, the history of the development of Buddhist teachings has produced the theory of karma dependent origination, the empty theory of dependent origination of the Madhyamaka school, and the theory of alaya consciousness of the Consciousness-Only Yoga Practice, all of which were developed around the Buddha's theory of dependent origination. The theory of Dependent Origination summarizes the three dharma seals (impermanence, non-self, and nirvana) and the four truths. The thought of karma in the Buddha's time is inherited from the “Vedas”, “Upanishads”, Jainism, Brahmanism and other religious schools, and innovated “selflessness”, “Eightfold Path”, “Four Noble Truths” and “Twelve Dependent Originations” theory. The Abhidhamma theory advocates that “the three times actually have the theory of “dependence-originated nature” and “non-appearance karma”, and then in the second century Mahayana Buddhism, Nagarjuna raised the theory of “dependent-originated nature and emptiness”, “self-emptiness”, and “dharma-emptiness”. In the era of the rise of Buddhism, what religious theories are related to the thoughts of karma in the era of Buddhism? Is the Buddha's karma thought original? This paper mainly discusses the context and development of karma thoughts, the “Agama Sutra” in the Buddha's era, the “Abhidhamma” in the post-Buddhist era, and Nagarjuna's Madhyamaka theory in the early Mahayana period. Taking “Guan Ye Pin” as an example, Consciousness-Only Studies in the middle period of Mahayana took “Cheng Wei Consciousness Theory” as the main research scope. Based on the theory of karma thought of different schools, make a general explanation and comparative analysis, and use the “philology method” and “thought research method” to make an overall and longitudinal construction and understanding of karma thought. This dissertation aims to correctly understand the teachings of the Buddha, to establish correct knowledge, to eliminate self-attachment, and to be free from “suffering”. This is the goal that the author will always strive to pursue in the process of studying Buddhism in life. For the part of Buddha's karma thought, according to the collation of some historical materials and his works, it is expected to have an overall conceptual understanding

    [[alternative]]Crowd Counting via Thermal Imaging and U-Net

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    [[abstract]]  自動人群行為分析是智能交通系統的一項重要任務,可以為不同的道路參 與者實現有效的流量控制和動態路線規劃。人群計數是自動人群行為分析 的關鍵之一。近年來,使用深度卷積神經網絡 (CNN) 進行人群計數取得 了令人鼓舞的進展。研究人員在變體 CNN 架構的設計上投入了大量精 力,其中大部分都是基於預訓練的 VGG16 模型。由於表達能力不足, VGG16 的骨幹網絡後面通常是另一個笨重的網絡,專門為良好的計數性 能而設計。儘管 VGG 模型在圖像分類任務中已經優於 Inception 模型,但 現有的使用 U-Net 構建的人群計數網絡仍然只有少量具有 U-Net 模塊基本 類型的層。為了填補這一空白,在本文中,我們首先在常用人群計數數據 集上對基線 U-Net 模型進行了基準測試,並取得了與大多數現有人群計數 模型相當或更好的驚人性能。隨後,我們通過提出以 U-Net 為骨幹的分割 引導注意網絡和用於人群計數的新課程損失,進一步推動人群計數的極 限。[[abstract]]  Automated crowd behavior is an important task of intelligent traffic systems, which can implement efficient flow control and dynamic route planning for different road participants. Crowd counting is one of the keys to automatic crowd behavior. In recent years, there has been encouraging progress in crowd counting using deep convolutional neural networks (CNNs). Researchers have devoted a lot of effort to designing variant CNN architectures, most of which are based on pre-trained VGG16 models. Due to lack of presentation, the backbone network of the VGG16 is usually behind another heavy network, designed specifically for good counting performance. Although the VGG model is already superior to the Inception model for image categorization tasks, traditional crowd counting networks built using U-Net modules still have only a small number of layers with a basic type of U-Net module. To fill this gap, we first tested the baseline U-Net model on a common population count dataset and achieved remarkable performance comparable to or better than most existing population count models. Subsequently, we further push the limits of crowd counting by proposing U-Net-based segmentation to guide attention to networks and new lesson losses for crowd counting

    [[alternative]]The Effect Caused by Stock Repurchase, Institutional Investors' Net Buy and Trading Volume on the Return and Fluctuation of Stock Market Index--Taiwan-Based Example

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    [[abstract]]  本文探討上市公司之庫藏股買回對台灣股市指數報酬率與波動性之影響,研究期間為2011年1月至2020年12月,以台灣上市公司為研究樣本,透過一般化自迴歸條件異質性變異數( GARCH)模型分析實施庫藏股買回家數、機構投資人買賣超及台股成交量對台灣加權股價指數報酬率與波動性之影響。研究樣本採自TEJ資料庫及台灣證劵交易所。  實證結果顯示, 上市公司實施庫藏股回購之新增家數,對台灣加權股價指數之報酬率有影響但對其波動性則無影響,而上市公司實施庫藏股回購之家數多寡,對台灣加權股價指數報酬率則無影響,但對其波動性有影響。[[abstract]]  This study explores the impact of listed companies' treasury stock buybacks on the return and volatility of the Taiwan stock market index. The research period is from January 2011 to December 2020. The research samples are listed companies in Taiwan Stock Exchange . The Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) model is used to analyze the influences of the number of companies implementing treasury stock buyback, net Buy of Institutional Investors and the trading volume of Taiwan stocks market on the return rate and volatility of Taiwan weighted stock price index. The research samples are collected from the TEJ database and the Taiwan Stock Exchange.  The empirical results show that the number of new listed companies implementing treasury stock repurchases has an impact on the return rate of the Taiwan weighted stock price index but has no impact on its volatility.However, the number of listed companies that implement treasury share repurchases has no effect on the return of the Taiwan weighted stock price index, but has an impact on its volatility

    [[alternative]]Analysis of Consecutive Holidays, Futures and Option Effects in Taiwan Stock Market

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    [[abstract]]  本研究旨在探討連續假期對於指數期貨之報酬率、成交量、未平倉口數與其選擇權隱含波動率之影響,以臺灣證券交易所股價指數期貨及選擇權為研究對象,研究方法為事件研究法與OLS最小平方法。研究期間為2010至2021年,共12年,以三天及以上之連續假期作為事件,以連續假期前後5日為事件期,進行分析研究;實證研究結果顯示,台灣期權市場存在連假效應,且連假前的台灣指數期權部位變化對連假後台灣指數期貨5日累積異常報酬有影響並於假期8天以上之連假其影響有結構性改變。[[abstract]]  This study aims to explore the impact of consecutive holidays on the return of price, trading volume, open positions, and implied volatility of options for index futures. The research object is Taiwan Stock Exchange stock index futures and options. The research method is Event study method and OLS. The research period is from 2010 to 2021, a total of 12 years, with three days or more consecutive holidays as the event, and 5 days before and after the continuous holiday as the event period ; the empirical research results show that there is a continuous holiday effect in the Taiwan derivative market, Moreover, the change of derivative positions of Taiwan index before the consecutive holidays has an impact on the accumulated abnormal returns of Taiwan index futures for 5 days after the consecutive holidays, and the impact has a structural change in the continuous holidays of more than 8 days

    [[alternative]]The Effect Caused by Stock Repurchase and Institutional Investors' Net Buy on the Return and Fluctuation of Stock Prices--A Case of the Listed Electronic Companies in Taiwan

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    [[abstract]]  本研究探討上市公司之庫藏股買回對其股票成交量與機構投資人買賣超對股價日報酬率與日價格變動幅度關係之影響,研究期間為2011年1月至2020年12月。研究樣本為台灣上市電子公司,資料來源為TEJ資料庫及台灣證劵交易所,研究方法為GARCH模型。  實證結果顯示:台灣上市電子類股公司之實施庫藏股買回對於其股票日價格變動幅度的量價關係有結構性改變,而對於日報酬率的量價關係於庫藏股買回期間則有8成的公司有結構性改變。[[abstract]]  This study explores the impact of treasury stock repurchase of listed companies on the relationship between stock trading volume, net buy of institutional investors, daily price return and daily price change range. The research period is from January 2011 to December 2020. The research samples are listed electronic companies in Taiwan, the data sources are TEJ database and Taiwan Stock Exchange, and the research method is GARCH model.  The empirical results show that the implementation of treasury stock buyback by Taiwan-listed electronic stock companies has a structural change in the volume-price relationship of the daily stock price change range, while 80% of the companies have structural changes in the volume-price relationship of daily returns during the period of treasury stock buybacks

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