|Table of Contents|

Companies' Pay Dividend Based on Behavior Finance Theory(PDF)

《长安大学学报(社科版)》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2006年01期
Page:
64-67
Research Field:
交通运输与经济
Publishing date:
2006-03-20

Info

Title:
Companies' Pay Dividend Based on Behavior Finance Theory
Author(s):
GUO Qiang
School of Economics and Management, Northwest University, Xi'an 710069, Shaanxi, China
Keywords:
applied economics financial science company finance cash dividend mental ac- counting
PACS:
F421.36
DOI:
-
Abstract:
Financial theory of classical rational frame can not answer the reason why companies pay dividend completely. As behavior finance relaxes the assumption that investors, administrators are rational, it can make better explanation to the problem from self-control, regret aversion, mental account theory. The paper reviews the explanation that the financial theory of the classics may produce problems that make the company pay dividend but have its deficiency, and then expound the answer of behavior finance to this problem.

References:

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Memo

Memo:
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Last Update: 2006-03-20