| dc.contributor.advisor | 顏錫銘 | zh_TW |
| dc.contributor.author (Authors) | 周舒屏 | zh_TW |
| dc.creator (作者) | 周舒屏 | zh_TW |
| dc.date (日期) | 2003 | en_US |
| dc.date.accessioned | 18-Sep-2009 19:17:06 (UTC+8) | - |
| dc.date.available | 18-Sep-2009 19:17:06 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-Sep-2009 19:17:06 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0090357015 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/36682 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 財務管理研究所 | zh_TW |
| dc.description (描述) | 90357015 | zh_TW |
| dc.description (描述) | 92 | zh_TW |
| dc.description.abstract (摘要) | 本文研究目的是探討跨國機構投資者的持股比例和公司特性間的關係，藉由分析跨國機構投資者的持股偏好來推論影響國際權益投資分佈的原因。研究對象為我國投信發行之海外基金以及投資於我國集中市場的外資、我國投信及金融機構。研究期間為1996-2001年，利用隨機效果模型（Random Effect Model）實證結合橫斷面以及時間序列的追蹤資料(panel data)，以分析投資者所偏好的公司特性，進而推論投資者投資偏好本國市場的原因。 本研究首先探討跨國機構投資者的持股偏好，其次探討在本國市場的機構投資者的持股偏好，以分析投資者的持股比例和公司特性間的關係。經實證後結論如下： 一、我國機構投資者對外投資所偏好的公司特性為市值大、流動比率高、對外銷貨比率高、交易週轉率高的公司，證明了資訊不對稱以及交易成本是決定我國跨國機構投資者投資偏好的原因。 二、外資顯著偏好市值大、有發行過海外證券的我國上市公司，顯示外資明顯偏好資訊不對稱程度比較小的公司。 三、機構投資者－外資、我國投信、金融機構都顯著偏好市值規模大的我國上市公司，而以外資偏好的程度最大。顯示資訊不對稱問題同樣會影響投資者在本國證券市場的投資行為。 | zh_TW |
| dc.description.tableofcontents | 第一章 緒論 1 第一節 研究背景及動機 1 第二節 研究目的 9 第三節 研究限制 10 第二章 文獻探討 11 第一節 國際投資組合理論 11 第二節 國際證券投資的分佈 17 第三節 機構投資者的持股偏好 22 第三章 研究方法 25 第一節 研究對象及期間 25 第二節 研究假說及變數定義說明 26 一 、研究假說 26 二 、變數定義說明 30 第三節 模型設計 31 第四章 實證結果與分析 34 第一節 跨國機構投資者的持股偏好 34 第二節 國內市場機構投資者的持股偏好 41 第五章 結論與建議 52 第一節 結論 52 第二節 後續研究建議 54 參考文獻 55 中文部分 55 英文部分 56 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0090357015 | en_US |
| dc.subject (關鍵詞) | 隨機效果模型 | zh_TW |
| dc.subject (關鍵詞) | 資訊不對稱 | zh_TW |
| dc.subject (關鍵詞) | 外資 | zh_TW |
| dc.subject (關鍵詞) | home bias | en_US |
| dc.title (題名) | 國際機構權益投資偏好成因之探討 | zh_TW |
| dc.type (資料類型) | thesis | en |
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