A Behavioral Economics Explanation of InformationDisclosure in Capital Market
YIN Li,CHEN Shou (College of Business Administration, Hunan University, Changsha, Hunan, 410082, China)
Listed companies' information disclosure is one of the primary content to ensure a normal run of the capital market. Based on analyzing the listed companies' disclosure behavior features in China, this paper aims at exploring the relationship between investors' decision preferences and their behavioral features in information disclosures, and the intrinsic mechanism of the behaviors in information disclosure when investors prefer to make irrational decisions.
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