Summary: | 碩士 === 國立彰化師範大學 === 商業教育學系 === 99 === ABSTRACT
Become more and more and more institutional investors trading on the behavior of the literature, show that they exhibit a tendency to herd behavior, which is to imitate other people's transactions. Institutional investors are rushing to stock, are worth pursuing it? Corporate information leading and professional studies, will make the general corporate investors continued to buy or sell on time with interest. This paper would like to explore sustainability and corporate transactions between associated returns, providing investors generally follow the legal operation of the strategy. The results showed that follow-dealers have a more stable returns, while the observed rate of change of all stock holdings median for continuous criteria, and third in the first five follow-up will be 8 excess returns.
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