Study on the Impact of Actual Annualized Returns of Wealth Management Products in Commercial Banks——Empirical Analysis Based on Lasso and Principal Component Regression
Individual investors are social and natural persons in the financial market,and are also the most wide-ly used investment subjects in wealth management products.Actively expanding individual investment can help promote stable and healthy economic development.In reality,the actual return on investment products of commercial banks is often lower than the expected return,which causes significant losses to medium and high-risk investors and also se-verely undermines market confidence.Using cross-sectional data from commercial bank wealth management products,establish principal component regression and Lasso model to empirically analyze the influencing factors of actual annual-ized returns,in order to accurately measure actual returns and provide reference standards for investors to identify good and bad products.Research has found that the actual annualized yield of commercial wealth management products is positively correlated with the commission period and increasing unit,and significantly negatively correlated with the credit scale and expected annualized yield of the issuing entity;However,investors generally believe that important types of returns play a small role.In the new development stage,it is recommended to establish a full process risk con-trol for wealth management products to maintain stable product returns,improve the coordination ability between the demand and supply sides of wealth management products,enhance the marketing and service capabilities of wealth management products,and stimulate the innovative vitality of wealth management products.
Commercial Bank Wealth Management ProductsActual Annualized IncomePrincipal Component RegressionLasso
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