| Author | Lan, Chun-hui |
| Call Number | AIT RSPR no. SM-00-62 |
| Subject(s) | Over-the-counter markets--Taiwan
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| Note | A research submitted in partial fulfillment of the requirements For the degree of Master of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Research studies project report ; no. SM-00-62 |
| Abstract | The internationalization, deregulation and systematization trends of today's economy have placed the entire financial structure of Taiwan into a whirlpool of change. The securities market, which had continued to serve as the bridge between investment and savings in the country's financial system, has effectively directed public savings and the floating social capital and sped up the recovery and development of the economy. The capital market in Taiwan had always been more concentrated in the Centralized Trading Market, and overlooked the Over-The-Counter Market. OTC transactions has been going on for quite some time, however restrictions imposed by the laws and trading system had kept the market dimensions small until the establishment of the ROC Over-The-Counter Securities Exchange on November 1, 1994. The new body aggressively bolstered business; as a result, market dimensions began to see some gradual changes. This Paper shall employ the documentary research method and the comparative research method in understanding the following features of Taiwan OTC Market: I. Relevant laws and systems. 2. The characteristics of OTC. 3. Analysis and discussion of the actual operational conduction in the OTC Market. This paper shall then study the OTC Market development and systems of the US, to evaluate the inadequacies through comparison with Taiwan Centralized Trading Market and US NASDAQ Market, and using US experience as a reference guide, in the hope of enhancing the functions of the local market. The findings obtained by this paper through the proceeding research method and procedures are as follows: 1. The principal characteristics of Taiwan's OTC Market are: 1) Establishment and promotion of stock Trading System. 2) The installation of a computerized information system. 3) "Business policies" are built on the spirit of fair trade, bargaining, and sincerity. 4) Opening of corporate information for public information. 2. The US formulated the "Market Marker" and "National Association of Securities Dealers Automated Quotation" to aid market regulation function, as well as provide accurate and swift price quotations. As a result, market dimensions rapidly grew. 3. The future trends in the OTC Market shall be versatile development, expanded area of issuance, deregulation of Margin Trading, improvement of trading systems, and elevation |
| Year | 2000 |
| Corresponding Series Added Entry | Asian Institute of Technology. Research studies project report ; no. SM-00-62 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Tang, John C.S; |
| Examination Committee(s) | Swierczek, Fredric W.;Truong Quang; |
| Scholarship Donor(s) | Taiwan Provincial Government of Republic of China; |
| Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 2000 |