金永红;罗丹;

• 1:华东理工大学商学院

摘要(Abstract)：

异质信念和投资者情绪是行为金融研究中最活跃的两个分支。现有文献绝大多数是分别研究异质信念和投资者情绪对资产定价的影响问题。本文根据相关研究,提出将异质信念和投资者情绪结合起来、研究其对资产定价综合影响的观点。为此,本文分别综述了异质信念和投资者情绪对资产定价影响的文献,主要包括异质信念和投资者情绪的定义、理论模型、代理指标选择以及对资产定价影响的应用。在此基础上提出了异质信念与投资者情绪相互作用对资产定价综合影响途径的简单模型,希望能够借此更好地对照两者的异同和联系,为今后将两者结合起来进行更深入的理论和实证研究提供思路和启发。

关键词(KeyWords)： 异质信念;投资者情绪;资产定价

Abstract:

Keywords:

基金项目(Foundation): 教育部人文社会科学研究一般项目(15YJA790029);教育部中央高校基本科研业务费项目暨华东理工大学文科培育基金项目(222201422030);; 上海市哲学社会科学基金一般项目(2014BJB005)

作者(Authors): 金永红;罗丹;

DOI: 10.16538/j.cnki.fem.2017.05.008

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