114 The Study of Gambling Preference, Trading Pattern and Excess Comovement in Lottery-Like Stock Returns 表6 超額報酬共變的OLS迴歸結果 解釋變數 LOTTERY_BETA 模式1 PRICE_BETA 模式2 SKEW_BETA 模式3 VOL_BETA 模式4 截距項 0.823*** 3.789*** 0.477* -1.147*** LOT 0.825*** 0.392*** 0.060* 0.049** β1 LOT 0.039 β2 LOT 0.146*** β3 LOT 0.055 β4 LOT 0.555*** β1 PRICE 0.039 β2 PRICE 0.077* β3 PRICE 0.019 β4 PRICE 0.669*** β1 SKEW 0.190*** β2 SKEW 0.407*** β3 SKEW 0.062 β4 SKEW 0.579*** β1 VOL 0.026 β2 VOL 0.383*** β3 VOL 0.264*** β4 VOL 0.075*** β1 LOT×LOT -0.422*** β2 LOT×LOT -0.260** β3 LOT×LOT -0.250*** β4 LOT×LOT 0.458*** β1 PRICE×LOT -0.290*** β2 PRICE×LOT -0.144 β3 PRICE×LOT -0.115* β4 PRICE×LOT 0.512*** β1 SKEW×LOT 0.062 β2 SKEW×LOT -0.132 β3 SKEW×LOT 0.142* β4 SKEW×LOT 0.170***
RkJQdWJsaXNoZXIy ODg3MDU=