摘要
本文从理论和实证方面对公司投资者和管理者之间的互动关系进行描述,分析投资者非理性和管理者非理性范式下的资本配置行为,为公司的投资决策、融资决策和股利政策等提供直观的和较现实的解释,并为解决我国更加复杂的现实问题提供切实可行的方法和建议。
This paper reviews theories and evidences related to behavioral corporate finance. It describes the interactions between investors and managers of the finn, and summaries the theoretical models, analysis and empirical evidence from investors＇irrationality and managers＇irrationality perspective respectively. It offers intuitive and realistic explanations for capital budgeting decisions, capital structure decisions, dividend policies and etc. It also sheds lights on the solutions of the more complicated problems within and without the firm.
出处
《中国软科学》
CSSCI
北大核心
2010年第4期128-134,共7页
China Soft Science
关键词
行为公司金融
市场的非有效性
管理者非理性
behavioral corporate finance
market inefficiency
managers irrationality
