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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/94425


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/94425


    Title: 委託單下單積極度研究-以台灣股市為例
    Authors: 張家耀
    Contributors: 劉玉珍
    張家耀
    Keywords: 委託單
    積極度
    Date: 2007
    Issue Date: 2016-05-06 16:36:47 (UTC+8)
    Abstract: 委託單導向市場中，限價單是證券市場上扮演提供流動性的腳色，同時也是消費流動性的腳色，十分重要。本研究選取以台灣股市交易量較佳之個股為研究標的，對限價單的積極度進行研究。第一部份以所選取之樣本股票為研究。在台灣的市場中，個人投資者佔市場比例遠大於國外市場，故個人投資者為主的市場，委託單積極度會因此而有所差異。結果發現賣方會因價格趨勢增加而增加委託單積極度，賣買雙方皆會因波動度增加而增加委託單積極度，顯示出個人投資者對於委託單下單的不理性。第二部份以交易量不同分組以代表資訊不對稱分組，結果發現資訊不對稱較嚴重之組別，整體委託單積極度會較低，乃由於個人投資者資訊相對較差，導致委託單積極度較低。第三部份以投資人不同來分組，結果發現研究變數對於非自然人較不重要，且非自然人的委託單積極度研究結果與結論一致。第四部份討論非自然人在交易量不同群組中的影響，結果發現非自然人在交易量較小群組中，變數對自然人影響較小，且非自然人委託單積極度隨之增加。
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    Description: 碩士
    國立政治大學
    財務管理研究所
    94357023
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0094357023
    Data Type: thesis
    Appears in Collections:[財務管理學系] 學位論文

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