| Summary: | 碩士 === 中國文化大學 === 國際企業管理學系碩士在職專班 === 102 === This study used selective hedging strategies, and apply different hedging strategies and stochastic dominance rule used in the Taiwan weighted index and the Taiwan index futures, Taiwan electronic index and the Taiwan electronics index futures and Taiwan financial and Taiwan financial index futures hedging portfolio, descriptive statistics, Hedging strategy performance difference in the rate of remuneration and risk attributes such as comparison, during the used of data ranging from 2002 to 2013 between the Taiwan weighted index and the Taiwan index futures, Taiwan electronic index and the Taiwan electronics index futures and Taiwan financial and Taiwan financial index futures hedging portfolio. Studies will confirm in the Taiwan stock market used the proposed hedging strategy of selective hedging strategies Forward Hedge of Rules performance will be the best investment strategy..
In the Taiwan stock market and Taiwan Futures market practice, research has been focused on Taiwan index futures commodity used as the most effective investments to hedge risks. In terms of academic theory, there are lots of study using stochastic domi-nance rule in portfolio risk attributes could be distinguished and payment performance. In the area of selective hedging strategies, provide different risk preferences of decision makers will be able to choose different investment strategy, in order to facilitate differ-ent hedging performance. Finally, the results indicate that want to offer Taiwan stock market investment decision-makers best investment hedging decision matrix, and that the results of this study could be used as a reference for designing hedging strategies.
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