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系統識別號 U0026-0112201014090500
論文名稱(中文) Does Financial Transparency and Information Disclosure Affect Stock Market Liquidity of Mongolia?
論文名稱(英文) Does Financial Transparency and Information Disclosure Affect Stock Market Liquidity of Mongolia?
校院名稱 成功大學
系所名稱(中) 國際經營管理研究所碩士班
系所名稱(英) Institute of International Management (IIMBA--Master)
學年度 99
學期 1
出版年 99
研究生(中文) 黛絲佳
研究生(英文) Tsetsgee Deshigjav
學號 Ra697738
學位類別 碩士
語文別 英文
論文頁數 50頁
口試委員 召集委員-陳正忠
口試委員-楊曉瑩
指導教授-吳清在
中文關鍵字 None 
英文關鍵字 Stock Market Liquidity  Informational Disclosure  Corporate Governance 
學科別分類
中文摘要 None
英文摘要 The purpose of this study examined the relationship between information transparency and stock market liquidity of Mongolia. In other words this thesis applies the ways in which to improve market liquidity in further development of Mongolian Stock Market (MSE).
Based on the result of multiple linear regression analysis using the financial data of 64 listed companies on Mongolian Stock Exchange, the results indicated that higher transparency is lower volatility and effective spread. It means that financial transparency has an effect on Mongolian Stock Market Liquidity.

論文目次 ACKNOWLEDGEMENTS I
ABSTRACT II
TABLE OF CONTENTS III
LIST OF TABLES V
LIST OF FIGURES VI
CHAPTER ONE INTRODUCTION 1
1.1 Research Background and Motivation. 1
1.1.1 Mongolian Financial System Today. 1
1.1.2 Mongolian Stock Market Current Overview. 1
1.1.3 Motivation of This Study. 5
1.2 Research Objective and Contribution. 8
1.3 Structure of This Study. 8
CHAPTER TWO LITERATURE REVIEW 9
2.1 Stock Market Liquidity. 9
2.2 Impact of Financial Information Transparency on Stock Market Liquidity. 13
2.3 Industry Outlook. 16
2.3.1 History and Development of Mongolian Stock Exchange. 16
2.3.2 Trading Process and Mechanism. 18
2.3.3 Mongolian Stock Market Participants. 19
2.3.4 Information Transparency in Mongolian Stock Market. 19
CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 22
3.1 Data Collection and Hypotheses to be Tested. 22
3.2 Variables 23
3.3 Multiple Regression Model. 25
CHAPTER FOUR RESEARCH RESULTS 26
4.1 Descriptive Statistics. 26
4.2 Regression Analysis. 27
4.2.1 Normality Test. 27
4.2.2 Data Analysis. 28
CHAPTER FIVE CONCLUSION AND SUGGESTIONS 32
5.1 Research Conclusion. 32
5.2 Limitations. 33
5.3 Suggestion for Future Research. 33
REFERENCES 34
APPENDICES 37
Appendix 1: List of Total Listed Companies on Mongolian Stock Exchange 37
Appendix 2: Daily trading data 2009 45
Appendix 3: List of the companies after the elimination 49
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