The Impact of Financial Tsunami on the Investment Behavior of Mutual Fund Investors and Financial Management Jobholders / 金融海嘯對台灣共同基金投資人與理財從業人員投資行為之影響

碩士 / 輔仁大學 / 金融與國際企業學系金融碩士班 / 99 / The study mainly focuses on how mutual fund investors’ risk attributes, including risk tolerance, investment behavior, and reliance on financial consultants, are affected after the experience of the financial tsunami taking place in 2008.

Mutual fund investors are divided into two categories: general investors and wealth management practitioners. Empirical results show that general investors become more conservative while wealth management practitioners remain active after the experience of the financial tsunami. After the financial tsunami, mutual fund investors narrow their bounds of realizing gains and losses and execute their orders more effectively, and that results in a lowered disposition effect.

Previous studies indicate that investors reduce their trust on financial consultants after the financial tsunami. We find a contrast for the financial consultants in government-owned banks versus privately-owned banks: an increase in trust for the former while a decrease in trust for the latter after the financial tsunami. Finally, financial consultants loss confidence on their own profession after the tsunami.

Identiferoai:union.ndltd.org:TW/099FJU00214039
Date January 2011
CreatorsTsai,Hsiu-Lin, 蔡琇鈴
ContributorsShu, Pei-Gi, 許培基
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format92

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