|本期目录/Table of Contents|

[1]郭强.基于行为金融学的公司股利支付[J].长安大学学报(社科版),2006,8(01):64-67.
　GUO Qiang.Companies' Pay Dividend Based on Behavior Finance Theory[J].Journal of Chang＇an University(Social Science Edition),2006,8(01):64-67.
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《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

卷:
第8卷
期数:
2006年01期
页码:
64-67
栏目:
交通运输与经济
出版日期:
2006-03-20

文章信息/Info

Title:
Companies' Pay Dividend Based on Behavior Finance Theory
作者:
郭强
西北大学经济管理学院,陕西西安　710069
Author(s):
GUO Qiang
School of Economics and Management, Northwest University, Xi'an 710069, Shaanxi, China
关键词:
应用经济学; 金融学; 公司金融; 现金股利; 心理账户
Keywords:
applied economics;  financial science;  company finance;  cash dividend;  mental ac- counting
分类号:
F421.36
DOI:
-
文献标志码:
A
摘要:
经典理性框架下的金融理论不能够完全回答公司为什么支付股利的问题,而行为金融学在 放松了投资者、管理者理性的假设之后,对这个问题做出了较好的解释。行为金融学理论认为,自 我控制的需要、后悔厌恶心理以及心理账户的原因,使得投资者偏好现金股利而不是资本收益;而 对管理者来说,一方面为了迎合投资者的心理,另一方面由于其本身的后悔厌恶心理,也倾向于支 付现金股利。
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.

参考文献/References:

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备注/Memo

备注/Memo:
收稿日期:2005-10-20
作者简介:郭　强(1974-),男,陕西大荔人,经济学博士研究生。
更新日期/Last Update: 2006-03-20