| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10863 |
| 来源ID | Working Paper 10863 |
| Behavioral Corporate Finance: A Survey | |
| Malcolm Baker; Richard S. Ruback; Jeffrey Wurgler | |
| 发表日期 | 2004-11-01 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Research in behavioral corporate finance takes two distinct approaches. The first emphasizes that investors are less than fully rational. It views managerial financing and investment decisions as rational responses to securities market mispricing. The second approach emphasizes that managers are less than fully rational. It studies the effect of nonstandard preferences and judgmental biases on managerial decisions. This survey reviews the theory, empirical challenges, and current evidence pertaining to each approach. Overall, the behavioral approaches help to explain a number of important financing and investment patterns. The survey closes with a list of open questions. |
| 主题 | Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w10863 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568496 |
| 推荐引用方式 GB/T 7714 | Malcolm Baker,Richard S. Ruback,Jeffrey Wurgler. Behavioral Corporate Finance: A Survey. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10863.pdf（402KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
