摘要
本文运用行为金融学的投合理论分析了上市公司非理性股利决策现状,指出投资者和管理者的非理性行为是导致该现状的直接原因,并结合中国市场环境进一步探讨了深层次原因,认为股利政策的行为金融学研究在中国具有广阔的发展前景。
This paper uses the catering theory in behavioral finance to analyze the irrational dividend policy of Chinese listed companies. The conclusion is that the irrational behaviors of investors and managers are direct reasons. The paper also combines China′s special market environment into deeper discussion, and points out that the behavioral finance researches on dividend policy is quite promising in China.
出处
《管理评论》
2004年第11期40-45,共6页
Management Review
基金
博士点基金资助项目(20030532012)
