演讲题目:如何拓展行为公司财务研究的前沿:论文研究想法分享
演讲者: James S. Ang, 佛罗里达州立大学财务学与法学双聘教授,美国银行杰出学者
演讲时间:2019年5月31日(周五)上午10:00一11:30
演讲地点: 嘉庚二203
主持人:吴超鹏 教授
参加者:对会计、财务研究有兴趣的师生
Abstract
Research in behavioral corporate finance has accumulated to the point that it may now be a viable contender as an alternative to traditional corporate finance. This review consists of three parts. First, I discuss the foundations behind these two competing theories. I clarify concepts such as rational versus irrational behaviors of managers contrasted with those of the investors. Second, I make side by side comparisons and a critical examination of the two theories in the main topic areas of dividends, capital structure, and investments. Part three gives practical suggestions on how practitioners may use behavioral finance in their dealings as well as avoid known behavioral biases.