The Study of the Research Department of Institutional Investors’ Scale, Composition, Communication and Work Performance

• Main Authors: Bih-Ru Yang, 楊璧如
• Other Authors: 作者未提供
• Format: Others
• Language: zh-TW
• Published: 2007
• Online Access: http://ndltd.ncl.edu.tw/handle/6fze66

碩士 === 銘傳大學 === 管理研究所碩士在職專班 === 95 === Taiwan began its securities market in 1962. As the market grew and commerce became global, Taiwan market participants gradually changed from individuals to corporations. The influence of institutional investors grew from day to day. Due to complexity and difficulty of investment, teamwork has been the trend in the Taiwan investing market. However, investing became more difficult, leading to poor investing performance and a high turnover rate of institutional fund managers. This may have done a lot of harm to the corporate institutions, leaving them in a quandary. The purpose of this study is to investigate factors that influence team performance in the research departments of institutional investors. These factors include diversity, the quality and frequency of team communication, types of companies, and team scale. By discovering hidden elements, the study provides criteria for managerial classes to enhance team performance or to reduce bottlenecks within the team under managerial control. Hence, when investing performance increases, investors will be the beneficiaries. The subjects selected for this study are members in the research department of institutional investors who invest in the Taiwan securities market, such as securities companies, investment trust companies, investment consultant companies, insurance companies, and banks. According to the analytic results from 121 effective questionnaires, the study obtains the following findings with the methods of Pearson correlation, One-way ANOVA, and regression analysis. (1) Diversity influences team performance, medium report production, positively. The reasons may be as below. In a highly diversity team, team members may have sufficient knowledge or skills in handling affairs. It helps a team to make more medium reports under cooperation. (2) For the sake of distinct tasks, team performance, the return rate of investments, positively related to the types of company. Some types of companies need outstanding performances to attract and maintain clients. In some types of companies, the members of these have to be responsible for the return of investments. No matter what they pursue - to generate revenues, to earn personal bonuses, or to prevent from being laid off, the appraisals of task may lead these companies to a better return rate of investments. (3) The influences of both team scale and team communication attribute between team performances are not significant. Based on the study findings, the author provides suggestions for organizational team building and for future studies.