The Study of Risk-Taking Behavior on Group and Non-group：Application of Prospect Theory
碩士 === 國立臺中科技大學 === 財務金融系碩士班 === 101 === Several studies has shown that the paradox of risk-return can be explained by the Kahneman and Tversky’s (1979) prospect theory. The main purpose of this paper is to study risk-taking behavior with prospect theory for group and non-group business. This study...
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| Format: | Others |
| Language: | zh-TW |
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2013
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| Online Access: | http://ndltd.ncl.edu.tw/handle/6p5s8s |
| Summary: | 碩士 === 國立臺中科技大學 === 財務金融系碩士班 === 101 === Several studies has shown that the paradox of risk-return can be explained by the Kahneman and Tversky’s (1979) prospect theory. The main purpose of this paper is to study risk-taking behavior with prospect theory for group and non-group business. This study further added corporate governance variables including investors of directors and supervisors and institutional ownership explores the relationship between risk and return. Empirical results show that the relationship between risk and return consistent with prospect theory and find that shareholding by directors and supervisors and institutional ownership has oversight effect, but it will weaken prospect theory results, empirical results of the overall impact are still consistent with prospect theory.
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