Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/24137
標題: 珠寶投資績效之實證分析
The Performance Analysis of Jewelry Investment
作者: 宋宣毅
Sung, Hsuan-Yi
關鍵字: Jewelry
珠寶
Diamond
Rolling rate of return
Mutual funds
鑽石
移動式報酬率
共同基金
出版社: 高階經理人碩士在職專班
引用: 張雋,1996,玉器珠寶鑽石鑑賞,大宗師出版社。 何幸,1997,國內共同基金績效評估及持續性之研究,成功大學會計研究所,碩士論文。 張義信,1997,台灣玉帶動台灣珠寶產業的歷程,台灣寶玉石,經濟部工業局,頁65-72。 李純瑩,2004,國內股票型基金績效之影響因素研究,世新大學經濟學系,碩士論文。 林文宏,1998,全球股票型基金績效及持續性之研究,國立東華大學國際企業管理研究所,碩士論文。 洪嘉玲,2002,共同基金經理團隊屬性與基金績效之探討。國立中山大學企管理研究所,未出版碩士論文。 胡崇明,2000,以主成分分析評估基金績效與風險,國立臺灣大學商學研究所,碩士論文。 程榮椿,2007,台灣五十指數型基金與大型投資組合共同基金之績效比較,國立中興大學高階經理人碩士在職專班,碩士論文。 張銘煌,1997,基金經理人更換、董事會組成與績效之研究,輔仁大學金融研究所,未出版碩士論文。 盧敬忠,2003,以績效評估指標探討經理人的更換對基金績效之影響,國立中央大學企業管理研究所,碩士論文。 Chen J., Hong H., M. Huang, and Kubik J. D., (2004), 〝Does fund size erode mutual fund performance? The role of liquidity and organization,〞 The American Economic Review, 94(5), 1276-1302. Chevalier, J. and G. Ellison, (1999), 〝Are Some Mutual Fund Managers Better Than Others? Cross-Sectional Patterns in Behavior and Performance,〞 Journal of Finance, 54, 875-899. Fama, E. F. and K. R. French, (1993), 〝Common risk factors in the returns on stocks and bonds,〞Journal of Financial Economics, 33, 3-56. Gottesman A. A. and M. R. Morey, (2006), 〝Manager education and mutual fund performance,〞 Journal of Empirical Finance, 13, 145-182. Golec, J. H. (1996), 〝The Effects of Mutual Fund Manager’s Characteristics on Their Portfolio Performance, Risk and Fees,〞Financial Services Review, 5, 133-148. Grinblatt, M. and S. Titman, (1989), 〝The Persistence of Mutual Performance,〞 Journal of Finance, 47, 1977-1984. Jensen, M. C., (1968), 〝The Performance of Mutual Funds in the Period 1945-1964,〞Journal of Finance, 23, 385-416. Sharpe W. F., (1992), 〝Asset allocation: Management style and performance measurement,〞 Journal of Protfolio Management, 7-19. Sharpe, W.F., (1966), 〝Mutual fund performance,〞 Journal of Business, 9, 119-138. Treynor, J., (1965), 〝How to rate management of investment funds,〞 Harvard Business Review, 43, 63-75. 其它資料來源 鉅亨網基金,http://fund.cnyes.com/。 Diamond Price Statistics Annual Report
摘要: 本研究主要在探討珠寶相較於其他投資標的物(黃金、黃金基金及大中華區域型基金)之報酬率,並從中找出現階段最適合的投資標的及策略。本研究主要採用獨立樣本t檢定為主要的研究方法,透過此方法有助於比較不同群體間,其各項投資標的物值得投資的實際價值為何。t檢定的結果顯示,雖然鑽石歷年的報酬率並沒有呈現出短期飆漲的效果,反而是黃金及大中華相關基金表現良好,但若進一步從長期投資風險的角度觀之,鑽石相較於許多投資標的,其優勢在於價格的波動程度相對較為穩定,對於長線投資者可為一項良好之投資標的。因此,本研究主要探討珠寶績效的評估方式,以及各項投資標的之間報酬率的比較,以做為投資人未來投資時可供參考的資料。
The purpose of this article is to analyze the return between jewelry and other investment commodity(e.g. gold, the fund of gold, the region fund on china). Furthermore, the main mission discovers the best appropriate investment strategy and commodity. The main research method adopts independent sample t test, and it promotes to compare the real value on relevant investment commodity. In the light of the result of t test, the return of diamond is not fluctuation over the past decade, but the performance of gold and regional fund of china is relatively . However, the strength of diamond is that the level of oscillation of price is stable relatively in the consideration of investment risk. As such, It is a good investment commodity for investors. In conclusion, the primary purpose of the study to analyze the assessment method on jewelry return and the comparison return of other investment commodity, and it is a good reference for investors in the future.
URI: http://hdl.handle.net/11455/24137
其他識別: U0005-0408201122315000
文章連結: http://www.airitilibrary.com/Publication/alDetailedMesh1?DocID=U0005-0408201122315000
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