我国开放式偏股型基金业绩评价的实证研究

发布时间：2018-01-16 15:12

本文关键词：我国开放式偏股型基金业绩评价的实证研究　出处：《燕山大学》2013年硕士论文　论文类型：学位论文

【摘要】：1998年3月27日，我国第一批基金——基金开元，基金金泰设立，拉开了基金行业发展的序幕，经过15年的蓬勃发展，我国基金市场发展逐步完善。截止到2013年3月24日，我国拥有包括股票型、债券型、货币型、保本型、QDII型和混合型基金总计1237只，资产净值达到了32812.2亿元。论文以我国开放式偏股型基金的业绩为研究对象，，先从基金业绩的衡量方法、基金业绩的归因、基金业绩持续性三个方面对基金业绩进行综合的研究；接着用回归分析法对影响基金业绩的因素进行分析，找出显著影响基金业绩的因素；然后以这些因素为基础，对176只样本基金进行评分排名；最后以2012年基金业绩为标准，用评分最靠前的20只基金的业绩排名去验证评分方法的可靠性，即验证这些因素对基金业绩影响的显著性。论文的结构是：第一章为绪论，阐述了文章的研究背景及意义、文献综述、研究内容及方法、论文创新点；第二章是理论基础，从基金业绩的衡量方法、基金业绩的归因、基金业绩持续性几个方面对基金业绩评价理论作了介绍；第三章和第四章是实证部分，从基金业绩的衡量方法、基金业绩的归因、基金业绩持续性和影响基金业绩的因素几个方面对基金业绩评价进行了实证分析；第五章是结论。
[Abstract]:In March 27th 1998, the first batch of funds in China opened up, the fund Jintai set up, opened the prelude of the fund industry, after 15 years of vigorous development. As of March 24th 2013, China has a total of 1,237 equity, bond, currency, capital preservation QDII and hybrid funds. The net asset value reached three tillion two hundred and eighty-one billion two hundred and nineteen million nine hundred and ninety-nine thousand and nine hundred and ninety-nine yuan. This paper takes the performance of open-end equity fund as the research object. Firstly, it makes a comprehensive study on fund performance from three aspects: the measurement method of fund performance, the attribution of fund performance, and the sustainability of fund performance. Then the factors that affect the performance of the fund are analyzed by regression analysis, and the factors that affect the performance of the fund are found out. Based on these factors, 176 sample funds were rated and ranked. Finally, the reliability of the rating method is verified by using the performance ranking of the top 20 funds in 2012 as the criterion, that is, to verify the significance of these factors to the performance of the fund. The structure of the paper is as follows: the first chapter is the introduction, which describes the research background and significance, literature review, research content and methods, the innovation of the paper; The second chapter is the theoretical foundation, from the fund performance measurement method, the fund performance attribution, the fund performance persistence several aspects has made the introduction to the fund performance appraisal theory; Chapter three and Chapter 4th are empirical analysis of fund performance evaluation from the aspects of fund performance measurement method, fund performance attribution, fund performance sustainability and factors influencing fund performance. Chapter 5th is the conclusion.
【学位授予单位】：燕山大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F224;F832.51

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