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| 研究生： |
鄭秉倫 Jheng,Bing-lun |
|---|---|
| 論文名稱： |
開放一般型股票基金之報酬與其現金流量關係之探討 The Relationship between Performance and Cash Flows of Open-end Equity Funds in Taiwan |
| 指導教授： |
郭維裕
Kuo,Weiyu |
| 學位類別： |
碩士
Master |
| 系所名稱： |
商學院 - 國際經營與貿易學系 Department of International Business |
| 論文出版年： | 2004 |
| 畢業學年度： | 92 |
| 語文別： | 英文 |
| 論文頁數： | 32 |
| 中文關鍵詞： | 基金 、基金報酬 、現金流量 、基金經理人 、基金投資人 |
| 外文關鍵詞： | fund, fund performance, cash flow, fund manager, fund investor |
| 相關次數： | 點閱：80 下載：22 |
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Pervious academic researches point out that there are two-way effects in the relationship between fund return performance and cash flows. The preceding fund return performance would attract net cash flows and cash flows would adversely affect the succeeding fund return performance. This paper tries to verify that whether these effects exist in Taiwan and examine these effects in more details. The results are partly consistent with pervious literatures. In our sample, we find that fund return performance positive influences both cash inflows and outflows and cash flows do affect succeeding return performance.
Abstract……………………………………………………………………01
I.Introduction……………………………………………………………02
II.Data…………………………………………………………………… 06
III.Methodology………………………………………………………… 11
IV.Empirical Results……………………………………………………19
V.Conclusions…………………………………………………………… 28
Appendix……………………………………………………………………30
References…………………………………………………………………31
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