【作者】 李莉； 薛冬辉； 李暘； 刘健；

【Author】 LI Li;XUE Dong-hui;LI Yang;Liu Jian;Business School,Nankai University;

【机构】 南开大学商学院；

【摘要】 近年来众多学者将行为金融学理论引入对公司资本结构的研究,打破了传统研究的理性人假设,为公司资本结构的研究提供了新的视角。本文基于行为金融学理论,立足于中国资本市场的实际,针对煤水电基础设施建设、房地产和信息技术三个行业在IPO时的市场择机行为进行研究,通过实证分析考察该行为对资本结构的影响。更多还原

【Abstract】 In recent years many scholars introduced behavioral financial theory to research capital structure, the traditional rational man hypothesis had been abandoned, they introduced new view point to research of capital structure. This paper analyzes Chinese listed companies IPO market timing behavior based on behavioral financial theory and Chinese capital market. The research is based on three industries data, they are coal, water, electricity infrastructure industry, real estate industry and information technology industry, using empirical approach to analyze behavior influence to capital structure.更多还原