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Empirical Investigation for U S Import
Empirical Investigation for Taiwanese Export
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200 days prior abnormal return ACAR apparel Closet Closet-1 Competing Firms daily return deficit news effect Deficit News Signals denotes significance dollar depreciation Dum2 Dum3 Dum4 Dum5 Duml electronic portfolio equation event is predicted event study EWMKTR exchange rate exchange rate change expected trade deficit Export-Oriented Industries F-statistics foreign foreign exchange market Hypothesis Tests iron & steel Korean and Taiwanese Korean Export-Oriented Firms large open economy large trade deficit machinery & machinery market model market return Monthly Trade Deficit negative impact Opent oriented firms PACAP Panel percent level petition firms portfolio returns positive impact Returns on Day Rubber & Tire South Korea statistics in parentheses stock prices stock returns Table Taiwan Taiwanese export-oriented firms trade conflict events Trade Deficit Announcement trade related firms U.S. dollar U.S. Import U.S. import-competing firms U.S. market U.S. trade deficit U.S. trade restrictions unfair trade practice whole sample period ZSCPE ZSPE