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https://nccur.lib.nccu.edu.tw/handle/140.119/56829
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| 題名: | 投資人過度自信與風險承擔
Overconfidence, Trader Types and Risk Taking |
| 作者: | 許雅晴
Hsu, Ya-Ching |
| 貢獻者: | 周冠男
許雅晴
Hsu, Ya-Ching |
| 關鍵詞: | 過度自信
風險承擔
Overconfidence
Risk Taking
Trader Types |
| 日期: | 2012 |
| 上傳時間: | 2013-02-01 16:50:21 (UTC+8) |
| 摘要: | sing a dataset record account-level trades and orders from Taiwan Futures Exchange, we examine whether the variations of risk taking follows the overconfidence bias for four types of traders, including individuals, foreign institutions, domestic institutions, and foreign institutional traders. Our findings show that when investors are individuals and domestic institutions, the variations of trading activities for overconfident investors are greater than others. However, the results are not significant for foreign institutions and foreign institutional traders. Therefore, we demonstrate that investors take more risk following overconfidence.
Using a dataset record account-level trades and orders from Taiwan Futures Exchange, we examine whether the variations of risk taking follows the overconfidence bias for four types of traders, including individuals, foreign institutions, domestic institutions, and foreign institutional traders. Our findings show that when investors are individuals and domestic institutions, the variations of trading activities for overconfident investors are greater than others. However, the results are not significant for foreign institutions and foreign institutional traders. Therefore, we demonstrate that investors take more risk following overconfidence. |
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| 描述: | 碩士
國立政治大學
財務管理研究所
99357034
101 |
| 資料來源: | http://thesis.lib.nccu.edu.tw/record/#G0099357034 |
| 資料類型: | thesis |
| 顯示於類別: | [財務管理學系] 學位論文
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