博碩士論文 106460015 完整後設資料紀錄

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DC.contributor會計研究所企業資源規劃會計碩士在職專班zh_TW
DC.creator林芳伃zh_TW
DC.creatorFang-Yu Linen_US
dc.date.accessioned2020-7-30T07:39:07Z
dc.date.available2020-7-30T07:39:07Z
dc.date.issued2020
dc.identifier.urihttp://ir.lib.ncu.edu.tw:88/thesis/view_etd.asp?URN=106460015
dc.contributor.department會計研究所企業資源規劃會計碩士在職專班zh_TW
DC.description國立中央大學zh_TW
DC.descriptionNational Central Universityen_US
dc.description.abstract市面上價值選股策略眾多,投資者往往使用過多的規則,卻無法得到合適的選股標的,本研究希望藉由程式爬文,以Google 為搜尋引擎,找出大眾投資人常用價值股投資策略,並與財務基本面評分標準結合,應用於上市公司個股,尋找出低風險且穩定獲利的投資標的。 研究中根據群眾智慧尋找出大眾最常使用的兩種價值股投資策略:本益比法及現金股利殖利率法,以兩階段式篩選投資組合,第一階段藉由財務基本面評分標準F-Score篩選出財務體質穩健之公司,第二階段以Google 搜尋出的兩種價值股投資策略二次篩選。 實證結果顯示,(1)純粹使用Google 搜尋出的群眾智慧投資策略,雖可獲得報酬,但與台灣 50(0050)ETF 相比報酬率並未特別顯著。(2)若使用Google 搜尋出的群眾智慧投資策略,與F-Score 挑選財務基本面優良之公司為投資標的,連續六年採用此模式以年度調整投資組合,可獲得報酬率11.99%,比台灣50(0050)ETF 報酬率9.85%顯著增加。zh_TW
dc.description.abstractThere are so many value-based stock selection strategies on the market that investors are frequently unable to appropriately select a combination of strategies with which to reach appropriate individual stock goals. This study uses software-based web crawling, via the Google search engine, to find value stock investment strategies frequently employed by the majority of investors; and by combining these with standards for evaluating financial fundamentals, applying the whole to marketed corporate stocks, to find low-risk, stable-reward investment targets. This study used the wisdom of crowds to find the two most commonly used value stock investment strategies: the price-earnings ratio method, and the dividend yield method. Investment packages were filtered in two stages. The first was using the F-Score financial fundamentals evaluation standard to filter fiscally sound companies. The second stage was to do a second screening based on the two aforementioned value stock investment strategies most commonly found in Google. The results showed that 1) although a wisdom of the crowd investment strategy based purely on Google searches would result in profit, it was not particularly significant compared to the Taiwan 50 (0050) ETF profit rate; and 2) if a Google search-based wisdom of the crowd investment strategy is combined with the F-Score to pick companies with sound financial fundamentals as investment targets, then a continued six-year application of this strategy, with the investment portfolio adjusted yearly, would result in a profit rate of 11.99%, which is significantly higher than the Taiwan 50 (0050) ETF’s 9.85% rate.en_US
DC.subject價值股zh_TW
DC.subject基本面zh_TW
DC.subjectF-Scorezh_TW
DC.title結合群眾智慧與基本面應用於上市公司投資策略之研究zh_TW
dc.language.isozh-TWzh-TW
DC.type博碩士論文zh_TW
DC.typethesisen_US
DC.publisherNational Central Universityen_US

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