本文採用2013年 1月至2017年 12月之月資料,進行基金經理人群眾效應分析。進一步探討利用群集交易作為重要的解釋變數。結果顯示在2013年到2017年之間在臺灣共同基金經理人呈現從眾行為,並受到基金淨資產、法人受益人、基金週轉次數、基金週轉金額、累積買賣方週轉率影響。
This study investigates the herding effects on mutual fund managers by using the clustering trading as an important explanatory variable. The samples cover the monthly data from January 2013 to December 2017. The results show that there are herding effects on fund managers in Taiwan and this herding behavior is caused by fund net assets, institutional beneficiaries, fund turnover, fund turnover amount and cumulative buyer-seller turnover rate.