影響越南銀行與保險業的股票報酬之因素

Financial Factor Affecting the Stock Return of Vietnam’s Banks and Insurance Firms

阮莊蓉(Trang-Dung Nguyen)

指導教授 ： 阮氏清萍

朝陽科技大學/管理學院/財務金融系/碩士(2015年)

摘要

本研究採用2008-2014年間的資料，探討影響越南銀行和保險公司的股票收益之內部財務因素。在短期和長期的研究架構下，本文發現長期財務投資與股票收益之關係顯著。此現象非常特殊，與其他國家的情況不同，原因能解釋其獨特現象為，在低效率的越南股市下，銀行和保險公司的財務信息相當混亂，因此內部財務變數無法預期其股票價格的準確方向。

關鍵字

保險公司 ； 銀行 ； 股票回報 ； 越南

並列摘要

This thesis explores the effects of internal financial factors on stock return of Vietnamese Banks and Insurance companies during 2008-2014 periods. Within the short-run and long-run framework, it is found that the relationship between the long term financial investing and stock return is evident in this group. This phenomenon is different and very special comparing to the case of other countries. The possible reasons explaining for this unique characteristic are that the Vietnamese stock market is inefficient and the financial information of Banks and Insurance companies are chaotic and impossible to provide a direction for their stock prices.

並列關鍵字

Insurance companies ； Bank ； Stock return ； Vietnam

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