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4 article(s) found.
Woan-yuh Jang, Professor, Graduate Institute of Finance, National Taiwan University of Science and Technology.
Kai-wen Chang, Underwriting Supervisor, Sino-Pac Securities.
Do Directorate Political Connections and/or Political Donations Affect Firm Value? (in Chinese) Download
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The research uses the hand-gathered data that details the political background of all directors on the boards of companies listed in the Taiwan Stock Exchange (TSE). The companies are divided into three groups: companies connected to the Pan-Blue Coalition, companies connected to the Pan-Green Coalition, and the others. This article looks at two different events. The first is the 2008 president election on March 22 incorporating the factor of political donations, and the second is the announcement of politically connected director appointment. The study examines the effects of political network linkages on firm value. The analysis shows that companies connected to the Pan-Blue Coalition exhibit a positive and significant cumulative abnormal return when the Pan-Blue Coalition wins the 2008 president election. Conversely, companies connected to the Pan- Green Coalition suffer a negative cumulative abnormal return. In addition, the companies which donate to both Pan-Blue and Pan-Green Coalitions experience a cumulative abnormal return significantly greater than those only to the Pan-Blue Coalition. This article also demonstrates that the stock market displays a positive response following the announcement of the appointment of directors connected to the Pan-Blue Coalition. However, there is no significant abnormal return on the stock market when news of directors connected to the Pan-Green Coalition entering the boards is announced. Furthermore, the difference between the two groups fails to be significant.
Min-hua Huang, Assistant Professor of the Department of Political Science of the National Taiwan University.
A Psychometric Analysis of the Attitudinal Scales: A Study of the Attitude toward Unification and Independence from the TEDS 2003 Data (in Chinese) Download
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Political scientists usually pay little attention to the understanding of measurement theories when they conduct a quantitative empirical analysis. This engenders many problems beyond their knowledge. While not every problem has a substantial impact on the research, it may fundamentally threaten the credibility and nullify the achievement once it happens. This article tries to argue the importance of proper understanding on some basic knowledge of measurement theories through a discussion of the principles and nuclear issues. Furthermore, a psychometric analysis of sixteenth different scales, based on five psychometric assumptions, is carried out for the unification-independence attitude. The result indicates each of the five assumptions is possibly influential to the regression analysis, even if the simple correlation of the two scales is as high as 0.995. This finding leads to an important conclusion: political scientists should have a serious discussion about the assumptions of their measurement and evaluate the possible impact which may discredit the scientific value of their research.
Lu-huei Chen, Assistant Research Fellow, Election Study Center, National Chengchi University, Taiwan.
Su-feng Cheng, Assistant Research Fellow, Election Study Center, National Chengchi University, Taiwan.
The Study of Correlations among Interview Language Usage and Political Attitudes in Taiwan (in Chinese) Download
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In this paper, we examine how different dialects used in survey research, and present how language usage might be correlated with people’s national identity and Taiwan independence preference. It was shown that people’s national identity was correlated with language used in face-to-face interviews. People speaking Taiwanese dialect were more likely to identify themselves as Taiwanese, and people speaking Mandarin were more likely to identify themselves as Chinese. It indicated that language used by people’s daily life conversation might be a cue for their national identity. Therefore, national identity is more likely to connect with cultural dimension. However, in surveys, there was no connection between language usage and people’s preference on Taiwan independence issue.

From our findings, comparing with people’s “Taiwanese/Chinese” identity, people’s preference toward unification with mainland China or Taiwan independence is more likely to be a rational choice between two alternatives. For students of survey research and political identities research in Taiwan, our research findings are very constructive.
Su-Feng Cheng, Assistant Research fellow of Election Study Center, National Chengchi University.
Lu-Huei Chen, Assistant Research fellow of Election Study Center, National Chengchi University.
Attitudes on Survey Participation and Its Change in Taiwan: 1986-1998 (in Chinese) Download
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In Taiwan, researchers and scholars widely use survey data to conduct research analysis, construct theories, and test hypotheses. However, problems came from process of data collection seldom been noticed. From the perspective of survey research methodology, this paper examined people's attitudes on survey participation in Taiwan between 1986 and 1998. This research showed that, in Taiwan, people became less likely to participate in survey interview even political environment became more democratic and open in the last decade. Among people who did not participate in survey, one quarter of them can not be reached by interviewers, and one out off our can be reached but refused to participate in survey. Worthy to be noticed is that the ratio of” refuse to be interviewed ”increased gradually. Compared with survey topic on ”election studies”, survey topic on ”relation between Taiwan and Mainland China” received higher refusal rate. This paper indicated that the response rate of sensitive questions was influenced by respondents' demographic background and level of information they had. Men, youths, mainlanders, high-educated,and party identifiers were more likely to answer the sensitive question-whom did you vote for-in this research. Type of elections also played a role on response rate. In the survey on presidential election and gubernatorial/mayoral election, non-response rates on reporting preferential candidates were lower than non-response rates in legislative elections. Therefore,the difference of electoral system between single member district and SNTV might affect non-response rates. Several methodological suggestions are also presented for future survey participation research.