Replace the Fund Manager on the Fund's Performance - Demographic Variables View

碩士 === 國立雲林科技大學 === 財務金融系 === 104 === This paper aims to study the impact on the fund manager of the fund performance and fund managers fund performance characteristics of the replacement. The study sample are the domestic market funds from AD 2006-2015. The fund managers who replace them, and meet...

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Bibliographic Details
Main Authors: LI, GUANG-YAO, 李光燿
Other Authors: LI, CHUN-AN
Format: Others
Language:zh-TW
Published: 2016
Online Access:http://ndltd.ncl.edu.tw/handle/gf848h
Description
Summary:碩士 === 國立雲林科技大學 === 財務金融系 === 104 === This paper aims to study the impact on the fund manager of the fund performance and fund managers fund performance characteristics of the replacement. The study sample are the domestic market funds from AD 2006-2015. The fund managers who replace them, and meet before and after the operation to reach half of the fund. A total of 370 fund samples. The study found that the replacement fund managers only have a relationship to the original rate of return and Jensenα. Further meticulous other quality analysis, found that fund managers only have the characteristics of a small part of fund performance and relevance, its performance targets are not consistent. Investing public funds when selecting investment targets, should refer more different metrics for reference