Concluding Remarks

Adam Szyszka

A chapter in Behavioral Finance and Capital Markets, 2013, pp 265-269 from Palgrave Macmillan

Abstract: Abstract This book was aimed to address a few aspects. First, the key elements of the traditional financial theory have been confronted with the main reservations made against them by the proponents of the behavioral school. Further on, it demonstrated the relationship among psychological factors, irrational investor behavior, and capital market anomalies. Alternative explanations for specific phenomena and discussions between the opponents and supporters of the classical theory were systematized by kind. This was accomplished by juxtaposing different points of view in a way that reflects academic discourse and highlights the most important differences between both sides. The author did not shy away from taking a stand, especially when it comes to the new interpretation of events drawing on investor psychology or regulatory and institutional factors. In this sense, the content of the first four chapters systematizes the current state of knowledge while introducing some new elements.

Keywords: Capital Market; Asset Price; Abnormal Return; Earning Management; Capital Structure (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36629-0_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137366290

DOI: 10.1057/9781137366290_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().