A Research On Securities Company Trusted Investment Products Performance And Contract Content

The paper first summarizes the securities company trusted investment contract content characteristics, and analyzed the incentive effects on product managers. Then I have a review of contract incentives of traditional foreign stocks market investment funds, and consequently a theoretical analysis on main contract content of these products. Then an empirical testing on the incentive effect of manager own equity fund proportion investment, proper management fees and performance bonus fees having on investment performance. I concluded that elements of the collection of these innovative programs have a significant performance impact. I found that incentive effect evident and some contract incentive innovation is a good practice. On this basis, for improving the design manager of security company trusted investment, I make some recommendations the development on trusted investment products.The first part of this article clarify the background and significance of the topic, and have an elementary overview of the development situation of security company trusted investment in our country, especially for the innovative contents of contract incentives which including management fees and performance bonus fees were summarized. It is pointed out that is of innovative significance to study the manager incentives. This section includes Chapterâ… andâ…¡. In the second part (Chapterâ…¢) I have a overall review on the theoretical basis and related financial incentives related to agency theory literature, and theoretically analysis the relationship between financial management and product performance. The third part is the core of this article, including Chapterâ…£,â…¤andâ…¥. I carried out empirical research on incentive effect of contract content -which preliminary include own equity fund proportion investment, management fees and performance bonus fees-influencing to manager's resource capital input. Descriptive statistic and regression analysis respectively on product return ratio and Sharpe ratio is my research methods. Then this contract incentive effect for managers was to be objectively judged. In the end (Chapterâ…¦) is my policy recommendations and research prospects.