| DC 欄位 |
值 |
語言 |
| DC.contributor | 財務金融學系在職專班 | zh_TW |
| DC.creator | 詹耀淳 | zh_TW |
| DC.creator | Yao-Chun Chan | en_US |
| dc.date.accessioned | 2020-7-21T07:39:07Z | |
| dc.date.available | 2020-7-21T07:39:07Z | |
| dc.date.issued | 2020 | |
| dc.identifier.uri | http://ir.lib.ncu.edu.tw:444/thesis/view_etd.asp?URN=107458022 | |
| dc.contributor.department | 財務金融學系在職專班 | zh_TW |
| DC.description | 國立中央大學 | zh_TW |
| DC.description | National Central University | en_US |
| dc.description.abstract | 本研究主要探討中美貿易戰對於國內股市投資人的當沖交易行為之影響，研究樣本取自台灣證券交易所 (Taiwan Stock Exchange, TSE) 及台灣經濟新報 (TEJ資料庫) 的交易資料，樣本期間為2016年2月1日至2019年12月31日。區分中美貿易戰發生前後的兩個時期之後，本文進一步分析國內股市投資人之當沖交易的行為與決定因素是否有所變化。實證結果發現，法人交易比重、個股交易、大盤市場、與投資人情緒四個層面的因素，皆對於當沖交易有顯著的影響；在中美貿易戰發生後，現股當沖比重及總當沖比重皆降低，反觀資券當沖比重上升，代表在貿易戰期間，操作當沖交易的投資人會選擇用信用交易資券互抵的方式來代替現股當沖。由於現股交易留倉所需的成本較高，投資人可能會擔心有違約交割的風險，故偏好使用信用交易資券互抵進場做當沖的操作，進而使當沖比重升高。 | zh_TW |
| dc.description.abstract | This research mainly discusses the impact of the China-US trade war on the domestic investors’ day trade behavior. The data are provided by the Taiwan Stock Exchange (TSE) and Taiwan Economic Journal (TEJ), covering the sample period from February 1, 2016 to December 31, 2019. We use the dummy variable to characterize the effect of the China-US trade war. This thesis further analyzes the determinants that affect traders’ day trading behavior. The results show that institutional trades, transaction proportion, trading activities of individual stocks, the market-wide activities, and investor sentiment affect day trading activities. After the US-China trade war, we find day traders tend to use the day trading on margin to replace the day trading of securities on the spot market. | en_US |
| DC.subject | 中美貿易 | zh_TW |
| DC.subject | 現股當沖 | zh_TW |
| DC.subject | 當沖比重 | zh_TW |
| DC.subject | China-US trade war | en_US |
| DC.subject | Day trading on the spot market | en_US |
| DC.subject | Day trade percentage | en_US |
| DC.title | 中美貿易戰對於投資人當沖交易行為之影響 | zh_TW |
| dc.language.iso | zh-TW | zh-TW |
| DC.type | 博碩士論文 | zh_TW |
| DC.type | thesis | en_US |
| DC.publisher | National Central University | en_US |