Research on the Factors Affecting the Income of Internet Monetary Funds in China

Chaoxiang Jia () and Xinyi Mei ()
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Chaoxiang Jia: Beijing Jiaotong University
Xinyi Mei: Beijing Jiaotong University

A chapter in IEIS 2020, 2021, pp 179-189 from Springer

Abstract: Abstract In this paper, the seven indicators: the Shanghai interbank offered rate, the Shanghai composite index, the government bond index, the establishment time of the monetary fund, the size of the monetary fund, the proportion of the underlying bond, and the proportion of cash invested in the monetary fund, were selected as variables. Based on the impact of the previous period of monetary fund returns to the current period, a dynamic panel regression model was established to compare and analyze the returns of 28 Internet monetary funds in China. The results showed that the last term yield of Internet monetary funds, Shanghai interbank offered rate, Shanghai stock index, and government bond index has a significant positive impact on the yield of monetary funds. In contrast, the establishment time of monetary fund, fund size, and the proportion of underlying bonds and cash harm the yield of monetary funds. Finally, this paper put forward reasonable suggestions from the perspectives of fund regulatory authorities, marketing agencies, and investors.

Keywords: Internet finance; Monetary funds; Earnings (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-4363-4_14

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DOI: 10.1007/978-981-33-4363-4_14

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