| Summary: | 碩士 === 國立高雄應用科技大學 === 金融資訊研究所 === 100 === In this study, we use the Treynor and Mazuy model, Fabozzi and Francis model, and Henriksson and Merton model, and so on, as well as the method of quantile regression, in order to evaluate whether the equity funds (the funds) in Taiwan Stock Market is available for stock selection and timing choice ability. The results showed that when the operating performance of the funds is relatively good, the fund managers are able to show a good stock selection and timing ability; however, when the funds’ operating performance is relatively poor, the fund manager ability of stock selection and timing ability was also not good.
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