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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 李存修(Tsunsiou Lee) | |
| dc.contributor.author | Qing Jiang | en |
| dc.contributor.author | 蔣卿 | zh_TW |
| dc.date.accessioned | 2021-06-08T03:00:19Z | - |
| dc.date.copyright | 2017-07-27 | |
| dc.date.issued | 2017 | |
| dc.date.submitted | 2017-07-26 | |
| dc.identifier.citation | “Alternative Investment”. (2016, January 31). Retrieved July 05, 2017, from http://www.investopedia.com/terms/a/alternative_investment.asp
Amadeo, K. (2016). How They Stopped the Financial Crisis in 2009. Retrieved July 24, 2017, from https://www.thebalance.com/2009-financial-crisis-bailouts-3305539 Ariovich, G. (1985, December). The economics of diamond price movements. Managerial and Decision Economics. 6(4). 234-240. DOI: 10.1002/mde.4090060407 Auer, B. & Schuhmacher, F. (2013, June). Diamonds—a precious new asset?. International Review of Financial Analysis. 28. 182-189. Retrieved from http://www.sciencedirect.com/science/article/pii/S1057521913000409 Auer, B. (2014). Could diamonds become an investor's best friend?. Review of Managerial Science, 8(3), 351-383. Bain Company. (2011) The Global Diamond Industry Lifting the Veil of Mystery. Retrieved from http://www.bain.com/publications/articles/global-diamond-industry-lifting-veil-of-mystery.aspx Bain Company. (2012). The Global Diamond Industry Portrait of Growth. Retrieved from http://www.bain.com/Images/BAIN_REPORT_Global_diamond_industry_portrait_of_growth_.PDF Bain Company. (2013). The Global Diamond Report 2013 Journey through the Value Chain. Retrieved from http://www.bain.com/publications/articles/global-diamond-report-2013.aspx Bain Company. (2015, December 8). The Global Diamond Industry 2015: Growth Perspectives amid Short-Term Challenges. Retrieved from http://www.bain.com/publications/articles/the-global-diamond-industry-2015-growth-perspectives-amid-short-term-challenges.aspx Bain Company (2016, December 5). The Global Diamond Industry 2016: The Enduring Allure of Timeless Gems. Retrieved from http://www.bain.com/publications/articles/global-diamond-industry-report-2016.aspx Bank of America Merrill Lynch. (2016, October 13). The Bank of America Merrill Lynch Global Bond Index Rules—The BofA Merrill Lynch Global Fixed Income Markets Index (GFIM). Retrieved from http://www.mlindex.ml.com/gispublic/bin/IndexRules.asp Baur, D. G., & Lucey, B. M. (2010). Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold. Financial Review. 45(2). 217-229. Baur, D. G., & McDermott, T. K. (2010). Is gold a safe haven? International evidence. Journal of Banking & Finance, 34(8), 1886-1898. Bruno, S., & Chincarini, L. (2010). A historical examination of optimal real return portfolios for non-US investors. Review of Financial Economics. 19(4), 161-178. Retrieved from http://www.sciencedirect.com/science/article/pii/S1058330010000339 Caliskan, D., & Najand, M. (2016). Stock market returns and the price of gold. Journal of Asset Management, 17(1), 10-21. Epstein, E. J. (1982). Have you ever tried to sell a diamond?. Atlantic Monthly, 23, 363-390. Federal Reserve Bank of St. Louis. (n.d.). Retrieved July 24, 2017, from https://www.stlouisfed.org/financial-crisis/full-timeline Global CDF. (2016). What Is Spot Gold Trading?. Retrieved from http://globalcfd.com/chn/?p=1396 Kiernan, J. (2015, June 30). Are Diamonds A Good Investment?. Retrieved from https://wallethub.com/edu/are-diamonds-a-good-investment/25899/ Markowitz, H. M. (1991). Foundations of portfolio theory. The Journal of Finance, 46(2), 469-477. DOI: 10.1111/j.1540-6261.1991.tb02669.x McCown, J. & Zimmerman, J. (2006, July 24). Is gold a zero-beta asset? Analysis of the Investment Potential of Precious Metals. Retrieved from http://papers.ssrn.com/ sol3/papers.cfm?abstract_id 1⁄4 920496 MSCI Inc. (2015, February). MSCI Index Definitions. Retrieved from www.msci.com MSCI Inc. (2017, May 31). MSCI World Index. Retrieved from https://www.msci.com/documents/10199/178e6643-6ae6-47b9-82be-e1fc565ededb Renneboog, L. and Spaenjers, C. (2012) Hard assets: The returns on rare diamonds and gems. Finance Research Letters. 9(4). 220-230. http://dx.doi.org/10.2139/ssrn.1845446 Sherman, E. (1982). Gold: a conservative, prudent, diversifier. Journal of Portfolio Management. 8(3):21–27. DOI: 10.3905/jpm.1982.408850 Singh, M. (2016, February 05). The 2007-08 Financial Crisis In Review. Retrieved July 24, 2017, from http://www.investopedia.com/articles/economics/09/financial-crisis-review.asp?lgl=rira-baseline-vertical Small, K., Smith, J., and Small E. (2012) An examination of diamonds as an alternative asset class: do they have what it takes to make a portfolio sparkle? The Journal of Wealth Management. 15(13). 67-74. Smirnova, E. (2016). Use of Gold in Financial Risk Hedge. Quarterly Journal of Finance and Accounting, 54(1/2), 69-88. The Rapaport Group. (2015, January 5). Polished Diamond Prices Increase in December. Retrieved from http://www.diamonds.net/News/NewsItem.aspx?ArticleID=54237 The Telegraph. (2011, June 23). Timeline of World Financial Crisis. Retrieved July 24, 2017, from http://www.telegraph.co.uk/finance/financialcrisis/8592990/Timeline-of-world-financial-crisis.html | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/20721 | - |
| dc.description.abstract | 本研究以投資組合理論為切入點,試圖將鑽石和/或黃金作為 另類投資選項放入常規證券投資組合中,來觀察其是否可以提升投資 組合報酬與風險的效率比。本文發現由於鑽石與其他資產的相關性較 低,在金融危機前和金融危機時確具有分散風險的作用,但是並不能 有效提升投資組合的報酬率和效率。另一方面,黃金作為一種更廣為 使用的投資選項驗證了其在金融危機時所發揮的避險功能,可有效提 升投資組合的報酬率和夏普比率。因此,本文建議投資者可將鑽石作 為分散風險的工具,而將黃金作為避險工具。 | zh_TW |
| dc.description.abstract | This paper aims to examine whether adding diamond and/or gold into conventional investment portfolios could improve the portfolio efficiency. Accredited to its low correlation with the macro-economy and other assets, diamond could help diversifying risks prior to and during crisis but have limitations on return and efficiency promotion. On the other hand, gold reaffirms its safe haven property during crisis. Containing gold in a portfolio could effectively improve expected return and Sharpe ratio of the portfolio. Therefore, we conclude that diamond is a good diversifier to an investment portfolio but gold is a real safe haven at the peak of the financial crisis. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-08T03:00:19Z (GMT). No. of bitstreams: 1 ntu-106-R04723069-1.pdf: 1722785 bytes, checksum: 28f2ae1f62663d1607255da23f8174ed (MD5) Previous issue date: 2017 | en |
| dc.description.tableofcontents | 口試委員會審定書 Thesis Debate Examination i
誌謝 Dedication ii 中文摘要 Abstract in Chinese iii 英文摘要 Abstract in English iv 目錄 Table of Contents v 圖表目錄 Exhibit Directory vi 第一章 Chapter 1: Introduction 1 第二章 Chapter 2: Literature Review 4 2.1 Diamond 4 2.2 Gold 5 第三章 Chapter 3: Materials and Methods 7 3.1 Data 7 3.2 Methods (including overall sample analysis) 9 3.3 Pre-Crisis 22 3.4 During Crisis 27 3.5 Post-Crisis 31 第四章 Chapter 4: Results and Discussion 33 4.1 Summary of the Empirical Results 33 4.2 Discussion 33 第五章 Chapter 5: Conclusion 36 參考文獻 References 37 附錄 Appendix 40 | |
| dc.language.iso | en | |
| dc.subject | 風險分散 | zh_TW |
| dc.subject | 鑽石 | zh_TW |
| dc.subject | 黃金 | zh_TW |
| dc.subject | 投資組合 | zh_TW |
| dc.subject | 投資效率 | zh_TW |
| dc.subject | Diamond | en |
| dc.subject | Risk diversification | en |
| dc.subject | Portfolio efficiency | en |
| dc.subject | Investment portfolio | en |
| dc.subject | Gold | en |
| dc.title | 投資鑽石和／或黃金是否可提升投資組合效率？ | zh_TW |
| dc.title | Could Diamond and/or Gold Investment Improve Portfolio Efficiency? | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 105-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 廖咸興(Hsien-Hsing Liao),陳業寧(Yehning Chen) | |
| dc.subject.keyword | 鑽石,黃金,投資組合,投資效率,風險分散, | zh_TW |
| dc.subject.keyword | Diamond,Gold,Investment portfolio,Portfolio efficiency,Risk diversification, | en |
| dc.relation.page | 45 | |
| dc.identifier.doi | 10.6342/NTU201702024 | |
| dc.rights.note | 未授權 | |
| dc.date.accepted | 2017-07-26 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| 顯示於系所單位： | 財務金融學系 | |
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