我国商业银行人民币理财产品收益率影响因素的实证分析

发布时间：2018-01-19 11:12

本文关键词： 理财产品预期收益率理财产品期限发行银行信用级别　出处：《复旦大学》2014年硕士论文　论文类型：学位论文

【摘要】：本文通过对理财产品期限、理财产品认购门槛、发行银行信用级别、理财产品的收益方式、理财产品保本与否以及存款利率等六个因子做实证分析。一般而言,理财产品期限越长,理财产品的预期收益率也就；理财产品的认购门槛越高,理财产品的预期收益率也就越高；理财产品发行银行信用级别越高,理财产品的预期收益率也就越低；固定收益的理财产品收益率往往比浮动收益的理财产品收益率低,因为浮动收益率的理财产品往往风险相对而言更大一些；保本型理财产品收益率往往更低,因为保本型理财产品风险比非保本型理财产品更小；存款利率越高,理财产品预期收益率更高,因为对于投资者而言存款利率越高意味着投资者机会成本更大。本文两次用到Eviews回归最终.得出结论：人民币理财产品预期收益率主要受理财产品期限、发行银行信用级别、理财产品是否保本三个因素的影响。
[Abstract]:This paper makes empirical analysis on six factors, such as the term of financial products, the threshold of subscription of financial products, the credit grade of issuing banks, the income of financial products, the capital preservation of financial products and the interest rate of deposits. The longer the term of wealth management products, the expected rate of return of financial products; The higher the subscription threshold of wealth management products, the higher the expected return rate of financial products; The higher the credit level of the issuing bank, the lower the expected rate of return; The return rate of fixed income wealth management products is often lower than that of floating income financial products, because the financial products with floating returns tend to be riskier than those with floating returns. The return rate of capital preserving financial products is often lower, because the risk of capital preservation financial products is smaller than that of non-capital preserving financial products; The higher the deposit rate, the higher the expected return on wealth management products. Because the higher the deposit interest rate for investors, the higher the opportunity cost of investors. This paper uses Eviews regression twice to come to the conclusion:. The expected rate of return of RMB wealth management products is mainly due to the maturity of financial products. Issuing bank credit grade, financial products whether to protect capital three factors.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.2

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