- 學位論文
彼得林區擇股法是否適用於台灣股市？
Are the Stock Selection Criteria Proposed by Peter Lynch Applicable to Taiwan Stock Markets?
並列摘要
This study is to investigate whether the stocks screened by Peter Lynn would have better performance. As we know, the stock selection approach proposed by Peter Lynn is different from another famous investor, Warren Buffett, since Peter Lynn seems to prefer to select stocks, which would grow up quickly in the short run instead of the value investing suggested by Warren Buffett. In this study, the results show that short-term performance of the shares screened by the Peter Lynn is better than the market return deemed as benchmark of the share performance, so we might infer that the screening approach is quite appropriate for selecting Taiwan stocks. Furthermore, the performance of the long term investment is inferior to that of the short term investment for these screening stocks in Taiwan stock markets different from the long-tem holding shares in accordance with the value investing proposed by Warren Buffett. Besides, this study also reveals two important findings. One is that we disclose that the share price would be enhanced for these companies through the leverage employed. The other is that the performance of large-scale companies screened is not outstanding, so these stocks might not the first priority for market participants.