文章基本信息

标题：“Impact of Anchoring Bias on Corporate Profits and Shareholders Wealth”
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作者：Ibrahim Emre Karaa
期刊名称：International Journal of Economics and Finance Studies
电子版ISSN：1309-8055
出版年度：2011
卷号：3
期号：2
出版社：Social Sciences Research Society
摘要：Behavioral Corporate Finance studies mainly concerned with irrationality in sense of overconfidence and optimism especially about the firms which are already take place in stock exchange. In this paper, I examined impacts of the fixed opinion or a common belief of the statement “I never borrow money” which should be considered as a judgemental bias under the concept of anchoring in relatively small firms. By using artificial dataset, I explicitly show the impact of this bias in borrowing that effect profitability of the company, shareholders wealth and costly time loses.
关键词：Behavioral Corporate Finance; Corporate Decision making; Irrationality