ISBN:
0444535942
Content:
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.
In:
Handbook of the economics of finance ; Vol. 2,A: Corporate finance, Amsterdam : North-Holland, Elsevier, 2013, (2013), Seite 357-424, 0444535942
In:
9780444535948
In:
year:2013
In:
pages:357-424
Language:
English
DOI:
10.1016/B978-0-44-453594-8.00005-7
URL:
Volltext
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