Insights
In-depth research and data-driven insights on quantitative finance, factor investing, risk, and ESG from the TEJ research team.
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Fundamental Factor Research: Monthly Revenue Information – part1
The Taiwan equity market possesses a rare institutional advantage globally: under the Securities and Exchange Act, listed companies are required to announce and report their operational results for the preceding month by the 10th of each month (Exception: starting from FY2026, insurance companies and entities with insurance subsidiaries may extend their disclosure deadline to the 15th of each month). This is commonly referred to in the market as "Monthly Revenue".
Factor Strategy – Integrating Broker Consensus to Enhance Foreign Concentration Strategies – QFII Part 2
Boost your quantitative strategy with QFII concentration & broker consensus! Discover how the conc_qfii fusion strategy delivers a 30.12% annualized return in the Taiwan large-cap market.
Factor Research – Tracking Smart Money Footprints via Foreign Institutional Concentration – QFII Part 1
Track QFII ‘smart money’ footprints in Taiwan large-cap stocks! Learn how the Foreign-Institutional Trading Concentration (conc_qfii) factor predicts returns.
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Industry Insights
Where are the Happiest Companies? Exploring the Salary & Violation of Labor Law Among Taiwanese Companies.
Prioritizing employee rights and welfare is essential for creating a thriving workplace!
Industry Insights
What are Carbon Credits and Carbon Trading? Exploring the Paths of Taiwan’s Net Zero in 2050
Can carbon trading in Taiwan simultaneously promote business profitability and foster a sustainable environment?
Industry Insights
PCB Industry Shakeup: Southeast Asia Emerges as New Battleground
How Will Taiwan’s PCB Industry Navigate Geopolitical Winds and Trade Turmoil to Ensure Growth in Exports and Manage Capacity Migration?
Industry Insights
Women in Boardroom in 2023: From Critical Minority to Majority
The current trend emphasizes gender equality, and the role of women in the corporate world is increasingly important. This article will explore the changes in the global proportion of female directors, the enactment and implementation of laws in various countries, and the impact of female directors on corporate performance. Through this research, we aim to raise awareness and attention to women in the corporate field, promote more outstanding women to step onto the stage of corporate decision-making and bring more value to enterprises.
Industry Insights
Women in Boardroom: Are They Driving Growth in Taiwanese Companies?
Do female directors in Taiwanese companies drive growth in corporate governance and the ESG score?
Industry Insights
Understanding the Cybersecurity Industry Chain
The business opportunities incurred by cybersecurity crises are much larger than you imagine. But before putting your cash in, do you understand the cybersecurity industry chain and its components?
Industry Insights
A New Way of Incorporating ESG Factors into Business Valuation
In 2014, the CFA Institute in the US began discussing the incorporation of ESG (Environmental, Social, and Governance) factors into investment decision-making and business valuation. However, the measurement involved in each rating varies greatly, thus confusing users. Given this, TEJ released the “TESG Rating Index (TESG Rating) ” on March 31, 2022, a tool for reference in investment and credit. What’s more, we use the TESG Rating to explore its correlation with commonly-used valuation multiples, such as the price-to-book (P/B) ratio and price-to-earnings (P/E) ratio.
Industry Insights
How ChatGPT Expose Enterprises’ Achilles’ Heel
Not all companies can utilize ChatGPT for AI-driven transformation, and ignoring information security risks may affect their sustainability.
Industry Insights
The relationship between the yield rate of U.S. bonds and Taiwan stocks
Analyze the relationship between U.S. Treasuries and different types of Taiwan stocks. Highlights Preface Raw material prices soaring, inflation and interest rate increases are the main issues in the financial market this year. The news media often report that the recent decline in Taiwan’s stock market is related to international capital flows, so this article […]
Industry Insights
Yield curve inversion
Highlights Preface when the United States 10Y Government Bond -United States 2Y Government Bond <0 ,we call it yield curve inversion 。 Usually longer-term bonds will have higher interest rates, but when the market have doubts about the economy ,yield cruve inversion happen! So in this article , we try to plot the Macroeconomic Index a year […]
Industry Insights
Which industries did three primary institutional investors invest in Taiwan?
How do the three primary institutional investors invest in Taiwan stocks? Highlights Preface The three primary institutional investors are essential participants in the Taiwan stock market. Others investors use three direct institutional investors’ daily trading volume, cumulative trading volume, and the shareholding ratio of stocks to be a benchmark to invest. Therefore, we analyze the […]