行为金融学在放宽理性经济人假设的基础上,分别从投资者非理性和管理者非理性视角研究金融投资和企业决策。基于管理者非理性视角,从企业投资决策、融资决策以及股利分配决策等方面总结了管理者过度自信影响公司金融行为的研究成果,并就这一领域未来的研究方向提出了建议。
Behavioral finance theory analyzes financial investment and enterprise decision from the perspective of irrational investor and irrational manager on the basis of relaxing rational hypothesis.From the perspective of investment decisions,financing decisions and dividend distribution decision-making,this paper summarizes research achievements of the influence of managerial overconfidence on enterprise financial decisions and puts forward the future direction of research.