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題名:關係支出對出版人投資大陸有聲產業最適資產配置之影響
書刊名:運籌管理評論
作者:謝企榮 引用關係徐守德 引用關係楊泰和 引用關係
作者(外文):Hsieh, Chi-jungShyu, DavidYang, Tai-ho
出版日期:2008
卷期:3:1
頁次:頁97-110
主題關鍵詞:關係最適資產配置風險趨避GuanxiOptimal asset allocationRisk aversion
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:10
  • 點閱點閱:22
由於中國的開放與外資的大量投資,使中國不止成為世界的工廠,更成為全世界的大市場。出版人以其豐沛資源,作為大陸有聲書發展之基礎,從掌握關鍵人際關係與最適資產規劃中,將取得大陸事業永續發展的利基。因此,本文以跨期離散資產配置模型,探討不同狀態下之出版人最適資產配置,觀察其風險性資產比重之變化。本文主要發現:關係支出與非預期風險性資產報酬相關性愈高,個人傾向增加風險性資產以分散投資風險。
Due to the opened China market and investment by foreign capital, China not only became the world factory, but also has a potential to become a huge market. Individuals base on his accumulated capital and experience to build the business in China. From the obtained critical Guanxi and optimal asset planning, individuals will lay a foundation of perpetual development in China. Hence, we present an intertemporal asset allocation model with stochastic individual income and the different expenditure of Guanxi for individuals. We divide all observation into three scenarios by the different personal income and expenditure of Guanxi in order to analyze the optimal risky asset allocation. We found that increasing the correlation between expenditure of Guanxi and stock returns has a further positive effect, individuals can actually increase risky asset. Finally, for individuals the more insecure of the job, the more conservative they are.
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研究報告
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2.Gold, Thomas B.、Guthrie, Doug、Wank, David(2002)。Social Connections in China: Institutions, Culture, and the Changing Nature of Guanxi。Cambridge University Press。  new window
3.Yang, Mayfair(1994)。Gifts, Favors, and Banquets: The Art of Social Relationships in China。New York:Cornell University Press。  new window
其他
1.Oriental Daily News(19930725)。Hong Kong investors rely on guanxi to do business in China。  new window
圖書論文
1.Jarvelin, A.、Lehtinen, U.(1996)。Relationship Quality in Business-to-Business Service Context。QUIS 5 Advancing Service Quality: a Global Perspective。Warwick Printing Company Ltd.。  new window
 
 
 
 
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