Research on the Equity Financing of Chinese Listed Companies Based on Behavioral Finance

摘要：

Equity financing has developed to a main method of financing in the market. This paper analyzes how the market timing theory of behavioral finance effects the listed companies equity financing in China,and demonstrates the behavior of listed companies equity financing from the perspective of inefficient market factors and irrational managers respectively; Then, from the standpoint of the government, to standardize the financing behavior of listed companies, we should promote managers rational financing and investors rational investing in stock market vigorously.

关键词： Listed companies Equity financing Behavioral finance Market timing theory

作者: ZHAO Xin-E LI Qin

作者单位: School of Management, Wuhan University of Technology, Wuhan, P.R.China 430070 CSR 27 Vehicles co., Ltd, Beijing, P.R.China 100072

会议类型: 国际会议

会议名称: The 5th International Conference on Product Innovation Management(第五届产品创新管理国际会议 ICPIM 2010)

会议地点: 武汉

会议语种:英文

页码: 876-879

在线出版日期: 2010-07-10（万方平台首次上网日期，不代表论文的发表时间）