MARC Record from Scriblio

LEADER: 01967cam 22003257a 4500
001 2005615089
003 DLC
005 20050113122403.0
007 cr |||||||||||
008 050104s2004 mau sb 000 0 eng
010 $a 2005615089
040 $aDLC$cDLC$dDLC
050 00 $aHB1
100 1 $aBaker, Malcolm$q(Malcolm P.)
245 10 $aBehavioral corporate finance$h[electronic resource] :$ba survey /$cMalcolm Baker, Richard S. Ruback, Jeffrey Wurgler.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10863
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/4/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Research in behavioral corporate finance takes two distinct approaches. The first emphasizes that investors are less than fully rational. It views managerial financing and investment decisions as rational responses to securities market mispricing. The second approach emphasizes that managers are less than fully rational. It studies the effect of nonstandard preferences and judgmental biases on managerial decisions. This survey reviews the theory, empirical challenges, and current evidence pertaining to each approach. Overall, the behavioral approaches help to explain a number of important financing and investment patterns. The survey closes with a list of open questions"--National Bureau of Economic Research web site.
650 0 $aCorporations$xFinance.
650 0 $aOrganizational behavior.
700 1 $aRuback, Richard S.,$d1954-
700 1 $aWurgler, Jeffrey.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10863.
856 40 $uhttp://papers.nber.org/papers/W10863