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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/34080
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/34080


    Title: 以行為財務學檢視證券交易規定
    Authors: 郭齡鞠
    Contributors: 劉玉珍
    郭齡鞠
    Keywords: 行為財務學
    詐欺
    操縱
    資訊揭露
    有限注意
    過度自信
    框架效果
    Date: 2002
    Issue Date: 2009-09-17 19:24:05 (UTC+8)
    Abstract: 本篇論文藉由行為財務學為橋樑,試圖利用法律經濟分析來檢視證券交易法的制定。結合了行為學、法律以及財務。首先利用認知心理學來介紹投資人行為偏誤的現象。整理出三項投資人處理資訊的偏誤,分別為有限注意、過度自信以及框架效果。在資本市場上投資人因為這些偏誤產生的無效率現象分別有,會計資訊解讀不完整、股價報酬產生動能現象、投資人過度交易、對公司事件宣告產生反應不足的現象、忽略資產配置的重要、處分效果以及偏好現金股利等等的現象。
    而在了解行為模型對於投資人的行為預測以後,我們試著去進行法律經濟分析。行為財務學點出了效率市場假說不存在的證據,並試著以心理學的角度來解釋這些現象,但是行為財務學仍然缺乏一個良好的預測模型,它無法預測投資人何時會有反應不足,何時會有過度反應。不過行為財務學仍然提供了一些觀點值得政策制定者考慮。1.投資人偏好是不一致的,可能會因為情境改變而改變。2. 投資人只有有限的理性。3. 投資人會受到資訊揭露形式而有不同的判斷。根據這些觀點,我們以行為學的角度來分析證券交易法對於詐欺、操縱以及資訊揭露的規定。
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    Description: 碩士
    國立政治大學
    財務管理研究所
    90357006
    91
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0903570061
    Data Type: thesis
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