Asset Pricing, Signal Type and Overconfident Investors

资产定价、信号类型和过度自信的投资者

• 批准号: DP0664368
• 负责人: Prof Balasingham Balachandran
• 金额: $ 14.68万
• 依托单位: Monash University
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2006
• 资助国家: 澳大利亚
• 起止时间: 2006-01-01 至 2008-12-31
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP0664368
• 关键词: Asset; Pricing; Signal; Type; Overconfident

Recent bubbles in financial markets and other anxieties with regard to whether financial assets are correctly valued have led to a reduction in the confidence in financial markets. This study, by focussing upon potential biases in the price formation process, will provide strong insights into this important topic. In covering three major equity markets, the project will provide important guidance for the design of regulatory policies on corporate disclosure by both Governments and Stock Exchanges. Given the increased need for funded superannuation/pension schemes, an increase in the confidence in capital market processes will benefit the development of successful funded schemes.

最近金融市场的泡沫和对金融资产是否得到正确估值的其他担忧，导致人们对金融市场的信心下降。这项研究通过聚焦于价格形成过程中的潜在偏差，将为这一重要主题提供强有力的见解。该项目涵盖三个主要股票市场，将为政府和证券交易所制定企业信息披露监管政策提供重要指导。鉴于对有资金的养恤金/养恤金计划的需求增加，对资本市场进程的信心的增加将有利于成功的有资金的计划的发展。