English  |  正體中文  |  简体中文  |  Items with full text/Total items : 52507/87668 (60%)
Visitors : 9347596      Online Users : 171
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/87527

    Title: A study on the investment strategy using TOPSIS approach under the financial crisis period
    Other Titles: 金融危機下使用TOPSIS投資策略之研究
    Authors: 簡鈞銘;Chien, Chun-Ming
    Contributors: 淡江大學管理科學學系博士班
    Keywords: 金融危機;正式德菲法;逼近理想解排序法;Financial crisis;Modified Delphi Method;TOPSIS
    Date: 2012
    Issue Date: 2013-04-13 11:21:14 (UTC+8)
    Abstract: 本研究探討美國經濟大蕭條以來的幾次重大金融危機經驗。歷史上曾發生四次重大的金融危機,分別是1929年代的大蕭條、1980美國儲貸危機、1992年北歐金融危機以及1990年至2003年的日本金融危機。歸納其原因,包含匯率不穩、銀行倒閉、外債過高等等。本研究認為從2000年以來的全球低利率環境下金融機構之過度槓桿,金融法規鬆綁與管理階層對風險之判斷錯誤是造成目前金融危機之主要原因。
    This article offers a review of past financial crises since the Great Depression. There are four important financial crises in history, including the Great Depression of 1929, the Savings and Loan Crisis of 1980s, the Scandinavian Banking Crisis of 1992 and Japan’s Banking Crisis during 1990 - 2003. The causes behind these crises include currency instability, bankruptcy of banks, excessive foreign debts, etc. This article attributes the excessive leverage taken by financial institutions at global low interest environment since 2000; banking deregulation and false assurance of risk taken by the management are the cause of the financial tsunami.
    The financial crisis continued from sub-prime crisis 2007 and, through contagion effects, has spread globally and became financial tsunami after the failure of Lehman Brothers. No one knows when the financial crisis will end. With the huge loss incurred from the failure of high credit rating structured products, the institutional investors at banking industry chased credit risk free US treasuries to avoid credit risk exposure at financial tsunami. However, this credit conserve strategy exposed the market risk when interest rate reversal and low return on assets at the portfolio. This study provides some portfolio strategies other than models based ones to convince the management and the board.
    Using the Modified Delphi Method, we identified 10 attributes that are important in choosing overseas investment objectives. For stock portfolio, the study selects an appropriate combination of equalities using the Technique for order preference by similarity to ideal solution method (TOPSIS) to deal with credit risk during the credit crunch in this financial tsunami. This study shows that financial institutions could use Modified Delphi Method and TOPSIS in-group decision in the investment sector.
    Appears in Collections:[管理科學學系暨研究所] 學位論文

    Files in This Item:

    File SizeFormat

    All items in 機構典藏 are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback