

台灣衍生性金融商品市場實證與運用研究文獻回顧與展望
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will find some topics worthy of future research. We shall select some of those topics and
illustrate them according to the categories described above. For the topic of risk
management, more and more studies are paying attention to the consequences caused by the
Basel III accord, particularly on liquidity risk management. For employee stock option
topics, models considering risk preferences could be promising avenues for research.
Regarding the issue of business operations, future studies could investigate market efficiency
following the use of different hypotheses. As far as real options are concerned, the process of
choosing an interesting case study or financial event to implement real options
methodologies should present great potential. Finally, as more and more innovative
derivative products are introduced into Taiwan’s markets, topics about these newly
developed derivatives are becoming much more abundant, and related studies should thus be
very attractive. Hence, investigation on how to select an appropriate issue and conduct a
meaningful empirical or application study may generate great academic accomplishments on
a particular issue.