The Measurement of the Relationship between Taiwan's Bond Funds' Net Flow and the Investment Risk -Threshold Autoregressive Model
學年 102
學期 1
出版（發表）日期 2013-12-01
作品名稱 The Measurement of the Relationship between Taiwan's Bond Funds' Net Flow and the Investment Risk -Threshold Autoregressive Model
作品名稱（其他語言）
著者 Lee, Wo-Chiang; Lee, Joe-Ming
單位 淡江大學財務金融學系
出版者 Karachi: Asian Economic and Social Society
著錄名稱、卷期、頁數 Asian Economic and Financial Review 4(2), pp.137-149
摘要 This article applies the threshold autoregressive model to investigate the relationship between bond funds' net flow and investment risk in Taiwan. Our empirical findings show that bond funds' investors are concerned about the investment return and neglect the investment risk. In particular, when expanding the size of the bond funds, fund investors believe that the fund cannot lose any money on investment products. In order to satisfy investors, bond fund managers only target short-term returns so as to attract investors, while ignoring the risk. Thus, this paper reminds investors to pay attention to risk, and fund managers should look to fulfill their obligations in addition to the pursuit of profit. Finally, bond funds should have risk management professionals help run the funds.
關鍵字 Bond fund;Threshold autoregressive model;Funds’ net flow
語言 en_US
ISSN 2222-6737 2305-2147
期刊性質 國外
收錄於
產學合作 國外
通訊作者 Lee, Wo-Chiang
審稿制度 是
國別 PAK
公開徵稿 Y
出版型式 紙本 電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/96996 )

機構典藏連結
SDGS 尊嚴就業與經濟發展