The relationship between the changes in share percentage held by foreign institutional investors and the performance of their investment objects.
碩士 === 國立中興大學 === 高階經理人碩士在職專班 === 93 === Abstract Foreign institutional investors in Taiwan are believed to have better ability in research and analysis. What stocks they buy or sell and the changes in their portfolio are closely followed by Taiwan’s investors. Our study aims to find out whether t...
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2005
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| Online Access: | http://ndltd.ncl.edu.tw/handle/74585569782050016527 |
| Summary: | 碩士 === 國立中興大學 === 高階經理人碩士在職專班 === 93 === Abstract
Foreign institutional investors in Taiwan are believed to have better ability in research and analysis. What stocks they buy or sell and the changes in their portfolio are closely followed by Taiwan’s investors.
Our study aims to find out whether the amount and the changes of shares foreign institutional investors hold can predict the financial performance of the businesses. We use the sample of the publicly listed firms in electronic industry, and find that:
1. There is significant correlation between the financial performance of listed electronic companies and the share percentage held by foreign institutional investors.
2. There is no significant correlation between the financial performance of these companies and the change in the share percentage.
3. There is no significant correlation between the change in financial performance of these companies and the change in the share percentage.
The results indicate that the changes in share percentage held by foreign institutional investors are not informative about the performance of their investment objects.
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