代写范文

留学资讯

写作技巧

留学名校

服务承诺

资金托管
原创保证
实力保障
24小时客服
使命必达

51Due提供Essay,Paper,Report,Assignment等学科作业的代写与辅导,同时涵盖Personal Statement,转学申请等留学文书代写。

51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标

现代公司股利理论分析--加拿大Paper代写范文

2016-12-09 来源: 51Due教员组 类别: Paper范文

加拿大Paper代写范文:“现代公司股利理论分析”,这篇论文主要描述的是在现代公司股利理论系统主要分为现代股利理论与股利行为两种,这两种类别对于股利的看法的出发点各不相同,对股利理论的研究可以延伸出金融学所讲的期望理论,人们会以愉快的以免接受投资带来的收益,以厌恶的情绪表达出对失去的不满。

paper代写,现代公司股利,留学生作业代写,期望理论,论文代写

Modern corporate dividends theoretical system can be divided into two categories of modern dividend theory and dividend behavior school, and their starting point and research perspective is different. The policy of modern dividend theory focus on gradually relaxing the strict assumptions of the MM theory to study the incomplete markets dividend. While dividend behavior school put itfrom view of the behavior scientific, which changes the thinking and analysis methods of traditional theory, and greatly expand the research vision of the financial scientist, taking the interpretation of the dividend puzzle into a whole new field.

(A) expectancy theory

The origin of behavioral finance has two aspects: at one hand, many empirical studies have found many visionsthat traditional theory can not explain; the other hand is about the expectations theory founded by Kahneman and Tversky.①Expectancy theory correctassumptions of conventional economics on economic people are fully rational and self-serving, and effectivelyget analysis of the psychology and economics together to better explain the behavior of people in decision-making under uncertainty , which constitutes an important basic of behavioral finance. Widely used,The theory can give a more reasonable explanation for lots of financial market visions that traditional financial theory can not explain.

1. the background and main points of the expectations theory

Expectancy theory is one of the most important behavioral decision theoryapplied to the economic research, it is also an important foundation of the behavioral finance theory. Over the years, the expected utility theory is the standard theory that explain the behavior of people in decision-making under uncertainty. However, a large number of experimental studies have shown that people will deviate from expected utility theory. As a result, economists have put many non-expected utility theory, one of the most far-reaching is the expectations theory of decision-making behavior of people under conditions of uncertainty put by the well-known behavior of financial experts, Kahneman and Tversky in 1979. The theory is that the risk attitude manifested by the people in the real economic and their decision-making based on entirely rational expected utility theory is conflict, and it point out that people do not value the judgment of risk on the absolute level of wealth, but care about the relatively changes in the wealth of a reference point. The same amount of losses weights more than the same amount of revenue in the minds of investors. People tend to exhibit risk-loving when facing the income, while they show risk aversion when facing the loss.

2.decision-making process of the expectancy theory

The decision-making process of expectations theory is divided into two stages of the editing and evaluation. Editing stage is analysis before making any decision on the possibility of different results and obtaining simplified results,while evaluation stage is that the decision-makers valuethe simplified results obtained by the editorial evaluation, and select the highest value of the case. Evaluation of the decision-makers rely on the value function and the right weighting function.

The value function the concept of utilitythe expectancy theory used to represent. People feeling the results are usually based on profit and loss, rather than the wealth of the final state. Compared to the profit and loss always need a certain reference point. Above the reference point (profit intervals), the value function is convex, indicating that decision-makers is a risk Preference; Below the reference point (loss of range), the value function is concave, indicating that policy-makers are risk averse; near reference point, there is a obvious change on the slope of the value function,indicating that people face with changes in risk attitude,that is reversal of a risk-averse and risk appetite. Therefore, the value function was S-shaped. Which shows that the subjective probability of different results by peopleis different with the actual objective probability.

51due留学教育原创版权郑重声明:原创留学生作业代写范文源自编辑创作,未经官方许可,网站谢绝转载。对于侵权行为,未经同意的情况下,51Due有权追究法律责任。

51due为留学生提供最好的服务,亲们可以进入主页了解和获取更多paper代写范文 提供美国作业代写以及加拿大assignment代写服务,详情可以咨询我们的客服QQ:800020041哟。-xz

上一篇:沟通的重要性案例研究--Paper代写范文 下一篇:影响国际学生适应留学生活的原因--Paper代写范文