从行为金融学角度诠释股市财富效应

An Explanation of Wealth Effect in Stock Market from the View of Behaviral Finance

股市财富效应是一个与相关因素交替发展的动态过程,有着深厚的理论背景和现实表现形式,以行为金融学及相关心理学研究成果,解释股市财富效应,试图发现影响财富效应的主观因素和心理因素,希望可以给理论研究者、投资者及政策制定者带来新的启发。

Wealth effect in stock market is a dynamic process evolving alternately with relative factors and has a deep theoretical back ground and practical manifestation,The author,taking the aduantage of the relative researches and the achievements in behavioral finance and psychology,intends to interpret the wealth effect in stock market,finds out the subjective and psychological factors affecting the wealty effect and hopes to bring some new enlightenments to the researchers,investors and policy makers.