Research on the Influential Factors for Hedge Fund Performance in Liquor Industry

DOI

10.2991/assehr.k.211209.459How to use a DOI?

Keywords

Liquor industry; Hedge funds; Performance; Influence factors; Empirical analysis

Abstract

China has a very rich wine culture, and there is even a large amount of famous wine inherited for hundreds of years. Social intercourse at the dinner table is also inevitable in Chinese culture, which means that liquor is an essential consumer goods in daily life. And the general consumer goods will be devalued over time, while liquor, relatively special consumer goods, particularly liquor of high quality, will appreciate in value with the passage of time. Like a bottle of Moutai for decades, of which the price is higher than before. Moreover, the profit ratio of liquor is also very high, many of which have a very obvious brand advantage, such as Moutai and Wuliangye,. Relying on brand advantages, they can get a lot of profits in a long time. Therefore, in the past ten years, numerous top-quality stocks have arisen in the liquor industry, which means it is a very potential sub-industry of consumer goods. Based on the hedge fund’s operation mode and the liquor industry’s characteristics, this paper constructs a conceptual model of the influential factors of the hedge fund in the liquor industry from three dimensions: market factor, company size and the value factor of the company. Using SPSS software to analyze the correlation among factors, the key common factors were identified, and then the weight was determined as well, as the evaluation was conducted. Finally, the relevant conclusion was drawn based on regression analysis of the influential factors for hedge funds performance in the liquor industry. It is of practical value and theoretical significance to conduct this study.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Yiwen Hu
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Influential Factors for Hedge Fund Performance in Liquor Industry
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2819
EP  - 2832
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.459
DO  - 10.2991/assehr.k.211209.459
ID  - Hu2021
ER  -