The Study of Limited Attention and Firm's Scale
Autor: | Li-Wen Sheu, 許栗雯 |
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Rok vydání: | 2018 |
Druh dokumentu: | 學位論文 ; thesis |
Popis: | 106 In recent years, behavioral finance has become a prominent learning and has different interpretations for traditional efficiency markets. This study explores the impact of “limited attention” on investors’ stock trading behavior. What factors in the market are related to limited attention, and these factors are whether or not human investment behavior will have a material impact. This study uses the listed electronic stocks in the Taiwan stock market as the subject of research, and constructs market attention indicators to measure investor attention. The empirical results show that the firm''s scale has a significant negative correlation with investors'' attention. After controlling the firm''s characteristic variables such as trading volume, debt ratio, institutional investors’ holdings and price-book ratio, the firm''s scale remains negatively affected by investors'' attention. It shows that investors still have great concerns for small-scale companies. |
Databáze: | Networked Digital Library of Theses & Dissertations |
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