歐洲主權債務危機期間基金投資因素之研究

• Main Authors: 林佳蓁, Lin, Chia-Chen
• Other Authors: 企業管理系碩士班, 黃寶慧, Pao-Hui Huang
• Format: Thesis
• Language: Chinese
• Published: 2012
• Subjects: 路徑分析;風險容忍;投資行為;共同基金;歐洲主權債務危機; path analysis.;risk tolerance;investment behavior;mutual fund;European sovereign debt crisis; Stearns; Iceland
• Online Access: http://ir.lib.cyut.edu.tw:8080/handle/310901800/28952; http://ir.lib.cyut.edu.tw:8080/bitstream/310901800/28952/1/101CYUT5121001-001.pdf

部分未開放全文之論文可透過本校博碩士論文系統於校內網域使用，實際授權情形以該系統為準。 自2008年金融海嘯發生貝爾斯登(Bear Stearns)公司倒閉 、次級房貸市場危機、雷曼兄弟(Lehman Brothers)連動債、冰島國家瀕臨破產等事件，已經造成全球經濟陷入苦境。2009年再度發生歐洲主權債務危機事件，導致全球金融體系大受影響，整體經濟環境更加不景氣，各國間的債務問題如同雪球般的越滾越烈。因此，更讓全球各國不得不重視金融體系與該國債務問題。本研究為歐洲主權債務危機(簡稱：歐債危機)期間，投資人投資共同基金投資之研究，了解在歐債期間投資人因總體經濟、基金公司、基金特性、投資行為、風險容忍度影響程度多大。本研究採問卷調查法，以中部地區共同基金投資人為研究對象，發出400份問卷，有效樣本數391份，剔除漏填、填答不完整不當之問卷為9份問卷，回收率97.75%。並於回收後採用統計套裝軟體SPSS17.0進行因素分析、t檢定、ANOVA單因子變異數分析及Scheffe多重比較、相關分析與路徑分析。研究結果發現：一、歐債期間投資人重視總體經濟、基金特性決定是否進行投資。二、歐債期間已婚女性投資人，希望藉由代銷銀行或親朋好友推薦基金。三、歐債期間投資人會因內在、外在因素，對基金投資多加於考慮。四、歐債期間投資人投資過程中認為安全比獲利重要。五、歐債期間投資人認同風險容忍越高，所呈現的風險容忍程度越低。依據上述研究結果，經濟景氣不佳情況下，投資人會產生心理恐慌，建議各方學者應要作出具體行動，與具有金融知識專家相互交流，降低投資人對未來前景感到絕望，保持對未來經濟有信心狀態。 Abstract The global economy has been trapped in a difficult situation due to the successive events of the collapse of Bear Stearns, the sub-prime mortgage market crisis, the failure of Lehman Brothers structured notes, and the bankruptcy of Iceland since the outbreak of financial tsunami in 2008. Moreover, in 2009, the European sovereign debt crisis erupted and affected the global financial system significantly, which has made the overall economic environment more sluggish and the debt problems among countries have become more and more serious. On this account, every country in the world has been forced to face the current situation of the global financial system and its own debt problem. This study attempts to explore the behaviors and factors of the investors while investing in mutual funds during the European sovereign debt crisis (ESDC) in order to understand the impact levels of the overall economy, fund companies, fund characteristics, investment behaviors and risk tolerance for the inventors during the European sovereign debt crisis. By adopting the questionnaire survey method, this study has taken the mutual fund investors in the central area as the research subject. A total of 400 questionnaires were distributed, of which nine questionnaires were excluded for being incomplete and thereby 391 valid questionnaires ...