行為財務與行為會計整合型計畫─總計畫及子計畫一：行為財務效用函數與期貨最適避險比率
Date Issued
2005
Date
2005
Author(s)
DOI
922416H002047EF
Abstract
Although the research on behavioral finance and accounting has been started from 1960, it is
still a new and emerging area in Taiwan. To promote the field of behavioral finance and
accounting it is very important to build up an organized and long-term cooperative research team on this field by organizing an integrated project. There are 14 projects conducted in this
integrated project. The detailed summaries of the 14 projects are summarized in this report.
There are four issues covered in this integrated project, including (1) behavioral assets pricing,
(2) behavioral investing, (3) behavioral corporate finance, and (4) behavioral accounting.
Regarding behavioral assets pricing, projects 1, 4 and 13 are focus on the hedging decisions of
investors, asset pricing and housing decisions. Projects 3, 4, and 14 concentrate on investment
decisions by studying investors’ perceptions and reactions on analysts’ recommendations, the
source of stock dividends and international information spillover, respectively. As to behavioral
corporate finance, projects 5, 8, 10, and 13 utilize behavioral theory to clarify manager’s decision
making and investors’ opinions on four corporate events, including stock repurchases, oversea
financing decisions, tracking stock IPOs, and lockup expirations, respectively. There are four
projects on behavioral accounting (projects 2, 6, 9, and 11). They analyze the behaviors of
securities analysts and auditors to provide the implications of better designs on market regulations.
All of the researches mentioned above may enhance our understanding of market efficiency and
behavioral finance.
Subjects
Behavioral Finance
Behavioral Accounting
Publisher
臺北市：國立臺灣大學國際企業學系暨研究所
Type
report
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