|摘要: ||論文名稱：奢侈稅對投資人情緒的影響 頁數：６７ |
畢業時間及提要別： 103 學年度第2學期 碩士 學位論文提要
研究生：陳香文 指導教授：林谷峻 博士、韓幸紋 博士
Thesis Title: Pages:67
The Impact of luxury tax on investor sentiment- an illustration by observing its influence on related industries
Graduation and Summary Category: 103 Year 2nd Semester
Master''s Thesis Summary
Graduate: Chen Xiangwen Advisor: Dr. Lin Gujun, Dr. Han Xingwen
This study aimed to discuss the effect of the luxury tax on investor sentiment,respectively, turnover rate and net individual trading measure of professional investors and retail investor sentiment, by using the event study method, the revised tax policy analysis period, professional investors and retail investor sentiment is affected.
The empirical results show, professional investors and retail investors react to the implementation of the luxury tax is completely different attitude, when implemented before the luxury tax, turnover mostly significant negative reaction, representatives of professional investors on the housing market outlook survey considered. The net result of personal investment transactions (NIT) is generally positive effect, description retail investors hope the government can curb high prices, further support for the luxury tax policy. To the lock-up period from the expiry of the implementation, turnover back positive, representatives of professional investors think the government may be ineffective because of the tax, further amending the law or repeal, so that professional investors invest for the future housing market and hold a glimmer of hope, but the net personal investment transactions (NIT) is significantly negative, on behalf of retail investors who think the poor play house with a luxury tax effect, because the prices are still high.
This is something the government in reviewing the tax system, can place a lot of thinking, how to balance both professional investors and retail investors between, thus achieving the investor''s needs.
Keywords: Luxury tax、Investor sentiment、Turmover rate、Net individual trading、Event Study