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You searched for +publisher:"NSYSU" +contributor:("Lieu, Derming"). Showing records 1 – 2 of 2 total matches.

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NSYSU

1. Chen, Chao-Fei. Comparison of the Traditional Option Margining System and SPAN – Does SPAN Really Charge Less Margin.

Degree: PhD, Finance, 2016, NSYSU

Taiwan Futures Exchange (TAIFEX) freezes a traderâs fund based on traditional A B margin system when a trader place orders. Once orders are executed, the trader can stick to the old margin system or choose the portfolio-based margin system SPAN to calculate margin requirements. Conventional wisdom suggests that SPAN should be adopted as SPAN will charge less margin requirements than the traditional margin system and maximizes margin efficiency. This study shows that two conditions must hold for SPAN to charge less margin requirements than the traditional margin system. We demonstrate by simulation that under certain situations SPAN may ask for more margin requirements than the traditional margin system when shorting vanilla options. Although SPAN may prove more accurately in calculating the risk for a portfolio that includes options, SPAN may not always charge less margin requirements than the traditional margin system. For small traders who trade one-side option market, sticking to the tradition margin system might still be a better policy sometimes. Advisors/Committee Members: Chen, Miaoling (chair), Lee, Chien-Chiang (chair), Lieu, Derming (committee member).

Subjects/Keywords: Margin System; SPAN; Margin Efficiency

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Chen, C. (2016). Comparison of the Traditional Option Margining System and SPAN – Does SPAN Really Charge Less Margin. (Doctoral Dissertation). NSYSU. Retrieved from http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-1115116-155944

Chicago Manual of Style (16th Edition):

Chen, Chao-Fei. “Comparison of the Traditional Option Margining System and SPAN – Does SPAN Really Charge Less Margin.” 2016. Doctoral Dissertation, NSYSU. Accessed December 04, 2020. http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-1115116-155944.

MLA Handbook (7th Edition):

Chen, Chao-Fei. “Comparison of the Traditional Option Margining System and SPAN – Does SPAN Really Charge Less Margin.” 2016. Web. 04 Dec 2020.

Vancouver:

Chen C. Comparison of the Traditional Option Margining System and SPAN – Does SPAN Really Charge Less Margin. [Internet] [Doctoral dissertation]. NSYSU; 2016. [cited 2020 Dec 04]. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-1115116-155944.

Council of Science Editors:

Chen C. Comparison of the Traditional Option Margining System and SPAN – Does SPAN Really Charge Less Margin. [Doctoral Dissertation]. NSYSU; 2016. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-1115116-155944


NSYSU

2. Chen, Yan-Lin. The Value Assessment of Alibabaâ The Research of Gross Merchandise Volume and the Problem of Fakes.

Degree: Master, Finance, 2016, NSYSU

Although the growth of Alibabaâs total gross merchandise volume is so amazing in recent years, the investors still hold a doubt for the truthfulness of its sales data and genuineness of the merchandise. This study use a qualitative point of view to discuss why the fakes are rampant, and we find out the coping strategy they adopt can really solve the problems and reduce concerns of investors. In addition, this study also attempts to analyze whether the excessive expansion of gross merchandise volume will make an impact on the valuation of Alibaba and we find that the use of a previously published GMV can estimate the revenues more objectively. Finally, this study use Discounted Cash Flow and Residual Income Valuation to evaluate Alibabaâs value .Contrary to short seller, this study think that the current stock price is underestimated. This study concludes with recommendations for future research directions, hoping to find the effective factor to quantify the fakes and includes the factor in the valuation model, which will increase the accuracy of the business valuation. Advisors/Committee Members: Jen-Her Wu (chair), Lieu, Derming (committee member), Fen-Hui Lin (chair).

Subjects/Keywords: Discounted Cash Flow; Residual Income Valuation; fakes; business valuation; Alibaba; gross merchandise volume

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Chen, Y. (2016). The Value Assessment of Alibabaâ The Research of Gross Merchandise Volume and the Problem of Fakes. (Thesis). NSYSU. Retrieved from http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0610116-031534

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Chen, Yan-Lin. “The Value Assessment of Alibabaâ The Research of Gross Merchandise Volume and the Problem of Fakes.” 2016. Thesis, NSYSU. Accessed December 04, 2020. http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0610116-031534.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Chen, Yan-Lin. “The Value Assessment of Alibabaâ The Research of Gross Merchandise Volume and the Problem of Fakes.” 2016. Web. 04 Dec 2020.

Vancouver:

Chen Y. The Value Assessment of Alibabaâ The Research of Gross Merchandise Volume and the Problem of Fakes. [Internet] [Thesis]. NSYSU; 2016. [cited 2020 Dec 04]. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0610116-031534.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Chen Y. The Value Assessment of Alibabaâ The Research of Gross Merchandise Volume and the Problem of Fakes. [Thesis]. NSYSU; 2016. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0610116-031534

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.