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題名 共同基金之從眾行為與資訊及追隨領導者行為之關係(2/2)
其他題名 Information, Follow-the-Leader and Mutual Fund Herding
作者 周行一
關鍵詞 共同基金;從眾行為;資訊;串連;追隨領導者行為
Mutual fund;Herding behavior;Information;Cascade;Following leader behavior
日期 2002
上傳時間 18-四月-2007 16:41:50 (UTC+8)
出版社 臺北市:國立政治大學財務管理學系
摘要 Sias (2004) suggested that previous studies find little evidence of institutional herding because they use the herding measure of Lakonishok, Shleifer and Vishny (1992). Sias adopted a different methodology and concluded that institutional investors herded due to informational cascades. But mutual funds exhibited the weakest propensity to herd because institutional investors` tendency to herd was influenced by the different environment faced by them. The environment in which Taiwan`s mutual funds operate is conducive to information based herding. We find that herding measure becomes greater as sampling interval lengthens, implying that mutual funds receive and react to private information sequentially. We suggest that Sias` conclusion is a natural result of the limitation of his quarterly data.
描述 核定金額:860600元
資料類型 report
dc.coverage.temporal 計畫年度:91 起迄日期:20020801~20040731en_US
dc.creator (作者) 周行一zh_TW
dc.date (日期) 2002en_US
dc.date.accessioned 18-四月-2007 16:41:50 (UTC+8)en_US
dc.date.accessioned 8-九月-2008 16:34:53 (UTC+8)-
dc.date.available 18-四月-2007 16:41:50 (UTC+8)en_US
dc.date.available 8-九月-2008 16:34:53 (UTC+8)-
dc.date.issued (上傳時間) 18-四月-2007 16:41:50 (UTC+8)en_US
dc.identifier (其他 識別碼) 912416H004001.pdfen_US
dc.identifier.uri (URI) http://tair.lib.ntu.edu.tw:8000/123456789/4140en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/4140-
dc.description (描述) 核定金額:860600元en_US
dc.description.abstract (摘要) Sias (2004) suggested that previous studies find little evidence of institutional herding because they use the herding measure of Lakonishok, Shleifer and Vishny (1992). Sias adopted a different methodology and concluded that institutional investors herded due to informational cascades. But mutual funds exhibited the weakest propensity to herd because institutional investors` tendency to herd was influenced by the different environment faced by them. The environment in which Taiwan`s mutual funds operate is conducive to information based herding. We find that herding measure becomes greater as sampling interval lengthens, implying that mutual funds receive and react to private information sequentially. We suggest that Sias` conclusion is a natural result of the limitation of his quarterly data.-
dc.format applicaiton/pdfen_US
dc.format.extent bytesen_US
dc.format.extent 254896 bytesen_US
dc.format.extent 254896 bytes-
dc.format.extent 11970 bytes-
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdf-
dc.format.mimetype text/plain-
dc.language zh-TWen_US
dc.language.iso zh-TWen_US
dc.publisher (出版社) 臺北市:國立政治大學財務管理學系en_US
dc.rights (權利) 行政院國家科學委員會en_US
dc.subject (關鍵詞) 共同基金;從眾行為;資訊;串連;追隨領導者行為-
dc.subject (關鍵詞) Mutual fund;Herding behavior;Information;Cascade;Following leader behavior-
dc.title (題名) 共同基金之從眾行為與資訊及追隨領導者行為之關係(2/2)zh_TW
dc.title.alternative (其他題名) Information, Follow-the-Leader and Mutual Fund Herding-
dc.type (資料類型) reporten