A Preliminary Study of the Factors Affecting Private Placement Fund’s Performance in Taiwan

碩士 === 樹德科技大學 === 金融保險研究所 === 94 === With internationalization and the ever changing needs of investors, Public Offering Fund is not satisfying investors in Taiwan domestic market. As such, the Private Placement Fund opened since November 2004 grows in unexpected size and pace within less than one y...

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Bibliographic Details
Main Authors: Chen Chien Yuan, 陳建源
Other Authors: Yi-Chun Haung
Format: Others
Language:zh-TW
Published: 2006
Online Access:http://ndltd.ncl.edu.tw/handle/52191664945616642078
Description
Summary:碩士 === 樹德科技大學 === 金融保險研究所 === 94 === With internationalization and the ever changing needs of investors, Public Offering Fund is not satisfying investors in Taiwan domestic market. As such, the Private Placement Fund opened since November 2004 grows in unexpected size and pace within less than one year. This issue is worth to study further. The domestic Private Placement Funds has been in operation for short time, so there is not much of paper in this field. In reviewing previous literature, it is found that the mutual funds research has been focused in the performance of funds or the issues that affected the performance of funds. Therefore, this study tried to explore the impact on performance of raising private placement funds in three dimensions – market oriented, strategy oriented and quality of relationship. This research selects 7 investment trust companies randomly to make in-depth interview to verify the relationship between the components of conceptual structure of this study. From where, we have induced certain thesis that may be used as reference of operator and for subsequent academic study. The preliminary conclusions of this research are: 1.All the 7 interviewed companies have high regard of market orientation, so, market orientation could not have significant positive effect on the performance of raising private placement fund. 2.Strategic orientation has significant effect on the performance of raising private placement funds. 3.Relationship quality has significant positive effect on the performance of raising private placement funds.