A Research on the Transaction Behavior of Derivative Financial Instrument in Taiwan''s Financial and Securities Industry

• Main Authors: Kao Mao-Fu, 高茂富
• Other Authors: Lin Chuen-Yuan
• Format: Others
• Language: zh-TW
• Published: 1998
• Online Access: http://ndltd.ncl.edu.tw/handle/65378028461702489327

碩士 === 國立中興大學 === 企業管理研究所 === 86 === On derivatives market, banks and securities firms playan important role. This study''s purposes are：1.To find out the transaction behavior and opinions of DFI in Taiwan''s financial and securities industry. 2.To find out the transaction behavior and opinions of DFI in different kinds of transaction pattern. 3.To find out the relation between firm''s scale, operating performance and different kinds of transaction pattern. The scope of this study includes 46 local banks, 44 foreign banks''s Taiwan branch and 52 comprehensive securities firms. This study uses SPSS software to carry out statistics analysis including frequency , reliability, cross-tabulation, t-test, factor analysis and one-way ANOVA. The conclusion shows that:1. On the considered factors about derivatives trading, under 0.05 significance level, comprehensive securities firms are less emphasis then local banks and foreign banks on inside factor. Under 0.05 significance level, end-users are more emphasis than typeⅠdealers on commodity risk factor. 2. About the difficulty of derivatives trading, under 0.01 significance level, local banks and comprehensive securities firms encounter more serious difficulty on inside factor and commodity factor than foreign banks. Under 0.01 significance level, typeⅡdealers and end-users encounter more serious difficulty on inside factor than typeⅠdealers. 3.Whether participating derivatives trading or not ,there is no difference on operating performance.