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Student Number 88425024
Author Yi-Lin Guo(龔怡霖)
Author's Email Address No Public.
Statistics This thesis had been viewed 5878 times. Download 6872 times.
Department Finance Management
Year 2000
Semester 2
Degree Master
Type of Document Master's Thesis
Language zh-TW.Big5 Chinese
Title none
Date of Defense 2001-07-03
Page Count 56
Keyword
  • efficient market hypothesis
  • limits of arbitrage
  • prospect theory
  • Abstract none
    Table of Content 目錄
    頁次
    第壹章 行為財務學簡介………………………………1
    第貳章 行為財務學理論架構………………………..6
    2.1 展望理論…………………………………………………….6
    2.2 展望理論的其他特性………….………………………….11
    2.2.1 心理帳戶…………………………………………………………11
    2.2.2 機會成本和原賦效果……………………………………………14
    2.2.3 沈沒成本………………………………………………………..14
    2.2.4 搜尋成本………………………………………………………..16
    2.2.5 處分效果…………………………………………………………16
    2.3 行為財務學的其他理論…………………………….…….17
    2.3.1 經驗法則偏誤…………………………………………………..17
    2.3.2 框架相依………………………………………………………..22
    第參章 行為財務學與效率市場說………………………26
    3.1 報酬可預測性…………………..…………………………28
    3.1.1 長期報酬率的發現……………………………………………..28
    3.1.2 短期報酬率的發現……………………………………………..29
    3.1.3 股價變動性的探討……………………………………………..29
    3.1.4 股價報酬的週期性效果…………………………………………30
    3.1.5 傳統財務學對報酬可預測性的解釋……………………………32
    3.2公開資訊與報酬率間的關係……………………………….32
    3.2.1 贏家的詛咒………………………………………………………33
    3.2.2 新股上市…………………………………………………………34
    3.2.3 盈餘宣告效果…………………………………………………….36
    3.2.4 加入指數造成之超額報酬……………………………………….37
    3.2.5 封閉式基金之謎………………………………………………….37
    3.3 私人資訊與報酬率間的關係…………………………….40
    第四章 回顧與展望…………………………………..42
    4.1 無效率市場的應用………………………………………42
    4.2 行為財務學的回顧………………………………………43
    4.3 行為財務學未來發展方向………………………………45
    參考文獻……………………………………………….47
    圖目錄
    頁次
    圖2-1 價值函數圖…………………………………………………………………10
    圖2-2 決策權數函數圖…………………………………………………………….10
    圖2-3 混合利得圖一………………………………………………………………..12
    圖2-4 混合利得圖二……….………………………………………………………12
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