國立高雄大學圖資館 |

語系: 繁體中文

說明(常見問題)

圖資館首頁

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

股票特性如何影響投資人交易行為與心理偏誤？ = How do stock...

國立高雄大學金融管理學系碩士班

股票特性如何影響投資人交易行為與心理偏誤？ = How do stock characteristics influence investors' trading behavior and psychological pitfalls?

紀錄類型:	書目-語言資料,印刷品 : 單行本
並列題名:	How do stock characteristics influence investors' trading behavior and psychological pitfalls?
作者:	張穎之,
其他團體作者:	國立高雄大學
出版地:	[高雄市]
出版者:	撰者;
出版年:	民100
面頁冊數:	87葉表格 : 30公分;
標題:	股票特性
標題:	Stock Characteristics
電子資源:	http://handle.ncl.edu.tw/11296/ndltd/42154809889674769854
附註:	參考書目：葉73-87
摘要註:	本研究旨在探討投資人對不同特性股票的公平價格認知。相異於先前研究只偏重於某一特性股票的價格績效，本文同時探討不同特性股票的價格績效、投資人交易活動與心理偏誤。我們的實證結果發現好公司股票(成長型公司股票)不是好股票（具有較高報酬率的股票）；而且其價格績效顯著地不如價值型公司股票。相反地，樂透型股票的價格績效反而表現較佳。此外，「好公司股票是好股票的代表性捷思」與「影響性捷思」不但造成投資人頻繁地交易好公司股票，而且也明顯地影響他們對樂透型股票的交易活動。最後，心理偏誤方面的實證研究結果顯示，投資人在交易好公司股票時呈現賭徒謬誤；而在交易樂透型股票時產生過度自信及自我歸因謬誤。 The aim of this study is to investigate the investors' perception toward the fair price of the stocks with different characteristics. In compared with previous literature focused only on price performance of the stocks with a certain characteristic, this study examines the price performance, investors’ trading activities, and investors' psychological pitfalls for the stocks with different characteristics. Empirical results show that the stocks of good companies (the stocks of growth companies) are not the good stocks (the stocks with higher returns) and underperform the stocks of value companies. On the other hand, the lottery-type stocks have a better price performance than non-lottery-type stocks. Moreover, the representativeness heuristics that stocks of good companies are symbolic of good stocks and the affect heuristic not only cause the frequent transactions of the stocks of good companies but also influence obviously the investors' trading activities of lottery-type stocks. In the end, the finding regarding psychological pitfalls indicates that investors trading the stocks of good companies have the tendency of gambler's fallacy, and they are overconfident and self-attributed on the trade of lottery-type stocks.

股票特性如何影響投資人交易行為與心理偏誤？ = How do stock characteristics influence investors' trading behavior and psychological pitfalls?
張, 穎之

股票特性如何影響投資人交易行為與心理偏誤？ = How do stock characteristics influence investors' trading behavior and psychological pitfalls? / 張穎之撰 - [高雄市] : 撰者, 民100. - 87葉 ; 表格 ; 30公分.
參考書目：葉73-87.
股票特性Stock Characteristics

股票特性如何影響投資人交易行為與心理偏誤？ = How do stock characteristics influence investors' trading behavior and psychological pitfalls?
LDR:03343nam0a2200277 450 001 300333
005 20170214094031.0
009 300333
010 0 $b 精裝
010 0 $b 平裝
100 $a 20170214y2011 m y0chiy50 e
101 1 $a chi $d chi $d eng
102 $a tw
105 $a k am 000yy
200 1 $a 股票特性如何影響投資人交易行為與心理偏誤？ $d How do stock characteristics influence investors' trading behavior and psychological pitfalls? $z eng $f 張穎之撰
210 $a [高雄市] $c 撰者 $d 民100
215 0 $a 87葉 $c 表格 $d 30公分
300 $a 參考書目：葉73-87
314 $a 指導教授：張志向博士
328 $a 碩士論文--國立高雄大學金融管理學系碩士班
330 $a 本研究旨在探討投資人對不同特性股票的公平價格認知。相異於先前研究只偏重於某一特性股票的價格績效，本文同時探討不同特性股票的價格績效、投資人交易活動與心理偏誤。我們的實證結果發現好公司股票(成長型公司股票)不是好股票（具有較高報酬率的股票）；而且其價格績效顯著地不如價值型公司股票。相反地，樂透型股票的價格績效反而表現較佳。此外，「好公司股票是好股票的代表性捷思」與「影響性捷思」不但造成投資人頻繁地交易好公司股票，而且也明顯地影響他們對樂透型股票的交易活動。最後，心理偏誤方面的實證研究結果顯示，投資人在交易好公司股票時呈現賭徒謬誤；而在交易樂透型股票時產生過度自信及自我歸因謬誤。 The aim of this study is to investigate the investors' perception toward the fair price of the stocks with different characteristics. In compared with previous literature focused only on price performance of the stocks with a certain characteristic, this study examines the price performance, investors’ trading activities, and investors' psychological pitfalls for the stocks with different characteristics. Empirical results show that the stocks of good companies (the stocks of growth companies) are not the good stocks (the stocks with higher returns) and underperform the stocks of value companies. On the other hand, the lottery-type stocks have a better price performance than non-lottery-type stocks. Moreover, the representativeness heuristics that stocks of good companies are symbolic of good stocks and the affect heuristic not only cause the frequent transactions of the stocks of good companies but also influence obviously the investors' trading activities of lottery-type stocks. In the end, the finding regarding psychological pitfalls indicates that investors trading the stocks of good companies have the tendency of gambler's fallacy, and they are overconfident and self-attributed on the trade of lottery-type stocks.
510 1 $a How do stock characteristics influence investors' trading behavior and psychological pitfalls? $z eng
610 0 $a 股票特性 $a 捷思 $a 行為財務學 $a 賭徒謬誤 $a 過度自信 $a 自我歸因謬誤
610 1 $a Stock Characteristics $a Heuristics $a Behavioral Finance $a Gambler's Fallacy $a Overconfidence $a Self-attribution Error
681 $a 008M/0019 $b 343408 1123 $v 2007年版
700 1 $a 張 $b 穎之 $4 撰 $3 518738
712 0 2 $a 國立高雄大學 $b 金融管理學系碩士班 $3 354008
801 0 $a tw $b NUK $c 20111020 $g CCR
856 7 $z 電子資源 $2 http $u http://handle.ncl.edu.tw/11296/ndltd/42154809889674769854