本研究探討臺灣綠能產業之股價報酬率是否會受到前瞻基礎建設計畫宣告影響。研究者使用事件研究法，以前瞻基礎建設計畫之重要宣告日為事件日，在事件期間探討臺灣綠能產業公司的股票股價報酬率之變化。實證期間涵蓋自2016年10月至2017年4月為止。實證之結果顯示，本研究選擇的綠能產業，包括太陽能產業、LED產業、電動車產業。在前瞻基礎建設計畫的宣告下，太陽能產業及電動車產業的平均異常報酬率AR及累積平均異常報酬率CAR未能有較正向的顯著影響。但在LED產業部分，在累積平均異常報酬率CAR顯著報酬較多，有較正向的顯著結果。 This study explores whether the stock prices of the companies in Taiwan green energy industry will be affected by the announcement of Foresight Infrastructure Construction Plan proposed by Taiwan government. We use the event research method to analyze whether the changes of stock prices of the green-energy companies are significant after the event day, which is the announcement date of the Foresight Infrastructure Construction Plan. The study period covers from October 2016 to April 2017.The results show that the green energy industries selected in this study, including the solar energy and the electric vehicle industries, failed to have significant positive average abnormal returns and positive cumulative average abnormal returns after the announcement of the Foresight Infrastructure Construction Plan . But , we still found the CAR with significant positive correlation in the LED industry .
