The Analysis of Settlement default risk of broker companies

• Main Authors: Su-Ju Wang, 王素如
• Other Authors: 作者未提供
• Format: Others
• Language: zh-TW
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/xzhw2k

碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 96 === To build up a qualitative-evaluation framework of settlement default risk, we employ expert questionnaire. To catch the thumb rule of settlement default risk we choose senior mangers with above ten-year experience of market practitioner. Through the principle analysis of the results of questionnaire, we can obtain the key factors highly possibly causing settlement default and thus provide a normative analysis for practitioners. The empirical evidence shows that the four perspectives, including macroeconomic part, the status of traders, the international environment and the governance of broker companies. It sums up 28 factors in ability to explain 71.783% of total variation. Such result can provide a subjective and qualitative overview on possible settlement-default investors for securities companies.