Manager's Behavior in the Theory of Behavioral Corporate Finance
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Abstract
Just as behavioral corporate finance can provide a good explanation fo r the abnormal behavior of corporate financing, behavioral finance can work well with the explanation of the abnormal behavior of the firm's financial decision. The paper points out that the abnormal behavior may have stemmed from either th e investor's or the manager's irrationality, and interprets the core content of behavioral corporate finance in terms of managers' behavior.
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