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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/34260
標題: | 基金流量影響因素:以臺灣開放型基金為例 Mutual Fund Flows and their Determinants: Evidence in Taiwan Open-end Equity Fund Market |
作者: | Wan-Ting Liao 廖婉婷 |
指導教授: | 楊朝成 |
關鍵字: | 基金流量,報酬,費用,搜尋成本, mutual fund flows,returns,fees,search costs, |
出版年 : | 2006 |
學位: | 碩士 |
摘要: | This paper investigates the relationships between mutual fund flows and various determinants. High past performance funds and low fee funds enjoy high fund flows, and these finding are consistent with previous literature results. This paper also explores the impacts of search costs on fund flows using fund company size and availability of internet trading platform as proxies. Funds in larger fund companies are positively related to fund flows, because the greater presence of larger fund companies reduces investors’ search costs. Funds in companies that offer internet trading platforms are also positively related to fund flows, because of the higher visibility accompanying the internet trading platform. The control variable, log of lag total net assets, also captures a significant impact. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/34260 |
全文授權: | 有償授權 |
顯示於系所單位: | 財務金融學系 |
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