全球智库信息集成服务系统(G2TT): Behavioral Corporate Finance: An Updated Survey

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w17333
来源ID	Working Paper 17333
	Behavioral Corporate Finance: An Updated Survey
	Malcolm Baker; Jeffrey Wurgler
发表日期	2011-08-18
出版年	2011
语种	英语
摘要	We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The market timing and catering approach views managerial financing and investment decisions as rational managerial responses to securities mispricing. The managerial biases approach studies the direct effects of managers' biases and nonstandard preferences on their decisions. We review relevant psychology, economic theory and predictions, empirical challenges, empirical evidence, new directions such as behavioral signaling, and open questions.
主题	Financial Economics ; Corporate Finance
URL	https://www.nber.org/papers/w17333
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/575007
推荐引用方式 GB/T 7714	Malcolm Baker,Jeffrey Wurgler. Behavioral Corporate Finance: An Updated Survey. 2011.