Abstract
Many of Taiwan’s industries are still deeply influenced by traditional customs. The characteristics of the five elements of each day should have a considerable relationship with their stock prices. This study adopts reliable quantitative indicators. Through statistical analysis of differences, correlations, regressions, etc., we observe whether the extent to which Taiwanese firms are affected by the five elements varies with different factors such as industry, company life cycle, education level of the operators, and the location of the company. So far, the relevant research on the five elements and the stock market is still rare. This topic has research value.
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Acknowledgments
Constructive comments of editors and anonymous referees are gratefully acknowledged. This research is partly supported by the National Science Council of Taiwan (NSC 104-2815-C-468-041-H and NSC 102-2815-C-468-019-H) and by Asia University of Taiwan (ASIA-105-CMUH-10 and ASIA104-CMUH-12).
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Liao, MH., Hong, SH., Yoshimura, N. (2019). Five Elements and Stock Market. In: Barolli, L., Xhafa, F., Javaid, N., Enokido, T. (eds) Innovative Mobile and Internet Services in Ubiquitous Computing. IMIS 2018. Advances in Intelligent Systems and Computing, vol 773. Springer, Cham. https://doi.org/10.1007/978-3-319-93554-6_88
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DOI: https://doi.org/10.1007/978-3-319-93554-6_88
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