The Effects of Attention and Mood of Investorson the Performance of Open-end Stock Funds in Taiwan

碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 92 === Following the growth with lasting economy of Taiwan to develop, the national income runs up, people''s wealth accumulation also increases accordingly, the active demand to the financing of investment grows with each passing day too. Most persons will...

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Bibliographic Details
Main Authors: Hung-Chan Chien, 簡宏展
Other Authors: 作者未提供
Format: Others
Language:zh-TW
Published: 2004
Online Access:http://ndltd.ncl.edu.tw/handle/8b79yn
Description
Summary:碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 92 === Following the growth with lasting economy of Taiwan to develop, the national income runs up, people''s wealth accumulation also increases accordingly, the active demand to the financing of investment grows with each passing day too. Most persons will choose mutual fund as the simple apt tool for managing money matters grasped. Its reason, except that it is the investment combination that the mutual fund itself is , consider the risk and disperse the principle and asserting to manager''s professional knowledge of the fund , ability . In order to help the people to choose , invest in believable mutual fund, this research aims at studying attention and influence on the stock fund performance of style of opening of Taiwan of mood , and can be rational , the performance remuneration judging mutual fund objectively. Research this through taken from the SECURITIES & FUTURES INSTITUTE website DataFinder database, publish the financial and economic news materials on the newspaper per month, with TAIWAN RESEARCH INSTITUTE of the Research Division Ⅲ, with Fu Jen Catholic University of the Information Statistics department of benevolence university to consumer''s confidence index of carrying on the investigation of consumer''s tendency topic by the platform, and the psychological line (Psychological Line , PSY ). The materials sample adopted is the monthly materials type attitude, from January of the 90th year of the Republic of China to March of the 93rd year of the Republic of China during this time , it is the materials of three years and three months (39 months ) altogether. Use the plural regression model, adopt and choose the law progressively , screen and explain the parameter with stronger ability repeatedly correspondingly, analyse whether information of the news , consumer''s confidence index and psychological line index cause influence on the stock fund performance of style of opening of Taiwan. The real example result learns , prove that did not announced news information in stock fund performance of style of opening of Taiwan (outside news), and the investment performance of having front behaves, especially and the local related degree of highest areas of Taiwan and U.S.A. of capital market. And consumer''s psychological index really has front of encouraging the performance of funds to improve upwards to influence .