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There has been quite a lot of epidemic disease in Taiwan, the most serious is the Severe Acute Respiratory Syndrome (SARS) and Covid-19 in the recent year, both causes a huge impact on the global economy. Covid-19 is one of the biggest irresistible pandemic which has a huge impact on Taiwan’s economy. Since the pandemic started to ease, people change their way of living, this also affect the correlated industry. This research is based on TEJ’s analyzing and test samples, from the rate of return on the stock price to verify the impact of Taiwan’s steady to the firms. Taking Taiwan’s steady as research, and taking 26 tourism and leisure stocks, 4 transportation stocks, 16 repast stocks as examples, observing five days before and after the steady was announced. Did it occur abnormal returns after the steady was announced, discuss the impact of Taiwan’s steady on the stock price of Taiwan firms. Through the experimental evidence, we find out that the steady has a positive abnormal return on tourism and leisure, positive abnormal return on repast, and has no effect on transportation. This research can determine the Impact of Taiwan’s steady on the stock price of Taiwanese firms, especially the firms that affected by the pandemic trend, and provide important direction of invest managing to the investors who are selecting their potential invest target. Keywords: Covid-19 、 The Impact of Taiwan’s open borders 、 Event Study 、 Abnormal Returns
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