東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

FindBook

Google Book

Amazon

博客來

Fintech vs. Traditional Financial Services: How are Investors Reacting?

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Fintech vs. Traditional Financial Services: How are Investors Reacting?/
作者:	Zhou, Wenyi.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2021,
面頁冊數:	79 p.
附註:	Source: Dissertations Abstracts International, Volume: 83-12, Section: A.
Contained By:	Dissertations Abstracts International83-12A.
標題:	Innovations. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29096235
ISBN:	9798819338445

Fintech vs. Traditional Financial Services: How are Investors Reacting?
Zhou, Wenyi.

Fintech vs. Traditional Financial Services: How are Investors Reacting? - Ann Arbor : ProQuest Dissertations & Theses, 2021 - 79 p.

Source: Dissertations Abstracts International, Volume: 83-12, Section: A.

Thesis (M.Fin.)--ISCTE - Instituto Universitario de Lisboa (Portugal), 2021.

This item must not be sold to any third party vendors.

Financial technology (fintech) has experienced dramatic growth in the 21st century while the traditional finance sector is facing challenges of innovative and convenient services brought by financial technology in the U.S after the 2008 crisis.This dissertation intends to study whether investors view U.S fintech differently from traditional finance under the influence of macroeconomic variables (total non-farm payroll, S&P500 index, the spread of 10-year and 2-year Government Bonds, and 3-month LIBOR). We establish multiple linear regression models for U.S fintech (the KFTX index as a representative) and traditional finance (represented by the S&P 500 Financials Services Select Sector Index) respectively to investigate the relationship between the above four macroeconomic variables from 2016 to 2020 and then obtain their comparative model by the difference between their log returns in empirical analysis.We observe that total non-farm payroll, and S&P 500 index are both statistically relevant in explaining the variations of the S&P 500 Financials Services Select Sector Index and the KFTX index while the S&P 500 Financials Services Select Sector Index is also influenced by the positive and statistically significant effects of 3-month LIBOR and the spread of 10-year and 2-year Government Bonds. In addition, we figure out that when 3-month LIBOR or 10-year and 2-year Government Bonds spread rises, investors are inclined to buy more traditional financial stock represented by the S&P 500 Financials Services Select Sector Index than the fintech assets represented by the KFTX index.

ISBN: 9798819338445Subjects--Topical Terms:

754112
Innovations.

Fintech vs. Traditional Financial Services: How are Investors Reacting?
LDR:04373nmm a2200325 4500 001 2351264
005 20221107085337.5
008 241004s2021 ||||||||||||||||| ||eng d
020 $a 9798819338445
035 $a (MiAaPQ)AAI29096235
035 $a (MiAaPQ)Portugal1007123911
035 $a AAI29096235
040 $a MiAaPQ $c MiAaPQ
100 1 $a Zhou, Wenyi. $3 3690828
245 1 0 $a Fintech vs. Traditional Financial Services: How are Investors Reacting?
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2021
300 $a 79 p.
500 $a Source: Dissertations Abstracts International, Volume: 83-12, Section: A.
500 $a Advisor: de Carvalho, Joaquim Paulo Viegas Ferreira.
502 $a Thesis (M.Fin.)--ISCTE - Instituto Universitario de Lisboa (Portugal), 2021.
506 $a This item must not be sold to any third party vendors.
520 $a Financial technology (fintech) has experienced dramatic growth in the 21st century while the traditional finance sector is facing challenges of innovative and convenient services brought by financial technology in the U.S after the 2008 crisis.This dissertation intends to study whether investors view U.S fintech differently from traditional finance under the influence of macroeconomic variables (total non-farm payroll, S&P500 index, the spread of 10-year and 2-year Government Bonds, and 3-month LIBOR). We establish multiple linear regression models for U.S fintech (the KFTX index as a representative) and traditional finance (represented by the S&P 500 Financials Services Select Sector Index) respectively to investigate the relationship between the above four macroeconomic variables from 2016 to 2020 and then obtain their comparative model by the difference between their log returns in empirical analysis.We observe that total non-farm payroll, and S&P 500 index are both statistically relevant in explaining the variations of the S&P 500 Financials Services Select Sector Index and the KFTX index while the S&P 500 Financials Services Select Sector Index is also influenced by the positive and statistically significant effects of 3-month LIBOR and the spread of 10-year and 2-year Government Bonds. In addition, we figure out that when 3-month LIBOR or 10-year and 2-year Government Bonds spread rises, investors are inclined to buy more traditional financial stock represented by the S&P 500 Financials Services Select Sector Index than the fintech assets represented by the KFTX index.
520 $a A tecnologia financeira (fintech) experimentou um crescimento dramatico no seculo 21, enquanto o setor financeiro tradicional esta enfrentando desafios de servicos inovadores e convenientes trazidos pela tecnologia financeira nos EUA apos a crise de 2008.Esta dissertacao pretende estudar se os investidores veem a fintech dos EUA de forma diferente das financas tradicionais sob a influencia de variaveis macroeconomicas (folha de pagamento nao agricola total, indice S & P500, spread de titulos do governo de 10 e 2 anos e LIBOR de 3 meses). Estabelecemos varios modelos de regressao linear para fintech dos EUA (o indice KFTX como representante) e financas tradicionais (representado pelo indice S&P 500 Financials Services Select Sector), respectivamente, para investigar a relacao entre as quatro variaveis macroeconomicas acima de 2016 a 2020 e, em seguida, obter seu modelo comparativo pela diferenca entre seus retornos de log na analise empirica.Observamos que o total da folha de pagamento nao agricola e o indice S&P 500 sao estatisticamente relevantes para explicar as variacoes do S&P 500 Financials Services Select Sector Index e do indice KFTX, enquanto o S&P 500 Financials Services Select Sector Index tambem e influenciado pelo indice positivo e efeitos estatisticamente significativos da LIBOR de 3 meses e do spread dos titulos do governo de 10 e 2 anos. Alem disso, descobrimos que quando o spread da LIBOR de 3 meses ou dos titulos do governo de 10 e 2 anos aumenta, os investidores tendem a comprar mais acoes financeiras tradicionais representadas pelo S&P 500 Financials Services Select Sector Index do que os ativos fintech representados por o indice KFTX.
590 $a School code: 7015.
650 4 $a Innovations. $3 754112
650 4 $a Finance. $3 542899
690 $a 0770
690 $a 0508
710 2 $a ISCTE - Instituto Universitario de Lisboa (Portugal). $3 3429320
773 0 $t Dissertations Abstracts International $g 83-12A.
790 $a 7015
791 $a M.Fin.
792 $a 2021
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29096235