• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文会议>Conference on Information Technology and Quantitative Management >Influence of Psychological and Emotional Factors on the Venture Enterprise Value and the Investment Decision-Making
【24h】

Influence of Psychological and Emotional Factors on the Venture Enterprise Value and the Investment Decision-Making

机译：心理和情绪因素对风险企业价值与投资决策的影响

获取原文
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

The development of behavioral finance has proposed an outstretched idea for traditional model, that the irrational behavior of venture entrepreneurs and venture capitalists has an important impact on the corporation's investment decision-making. This paper, based on the optimal effort model for double-sided moral hazard, has discussed the influence of the entrepreneurs' and venture capitalists' psychological and emotional factors on the venture enterprise value and the investment decision-making. And it turned out that moderate confidence of entrepreneurs and investors are able to offset the impact of moral hazard. Overconfidence of entrepreneurs may lead to lower corporate value, but it may also make the venture enterprise with a negative NPV get investment, while overconfidence of investors may cause overreaction in investment decision-making. Entrepreneurs' negative and conservative psychology may result in the reduction of firm value, and the venture enterprise with positive net revenue may face the refusal to invest. The venture capitalists' negative and conservative psychology may result in under reaction in the decision-making process. The research is helpful to the decision making when people analyze venture capitalist' and entrepreneurs' decisions under different circumstances of emotional psychology.
机译：行为金融的发展提出了对传统模式的伸出思想，风险企业家和风险资本家的非理性行为对公司的投资决策产生了重要影响。本文根据双面道德危害的最佳努力模型，讨论了企业家和风险资本家对风险企业价值的心理和情感因素的影响和投资决策。事实证明，企业家和投资者的适度信心能够抵消道德风险的影响。企业家的过度自信可能导致企业价值降低，但也可以使风险投资企业带来负面的NPV获得投资，而投资者的过度信心可能导致投资决策过度反应。企业家的消极和保守心理可能会导致股份价值的减少，净净收入的风险企业可能面临拒绝投资。风险投资家的负面和保守心理可能导致决策过程中的反应。这些研究有助于当人们分析风险资本家“和企业家在情绪心理学的不同情况下的决策时有助于决策。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号