نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشجوی دکتری گروه حسابداری، واحد بروجرد، دانشگاه آزاد اسلامی، بروجرد ایران
2 استادیار گروه حسابداری، واحد بروجرد، دانشگاه آزاد اسلامی، بروجرد ایران
3 دانشیار گروه حسابداری، واحد بروجرد، دانشگاه آزاد اسلامی، بروجرد ایران
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
The purpose of this study was to explain the role of investors' emotional tendencies in pricing the capital assets of companies listed on the Tehran Stock Exchange. For this purpose, information of 150 companies from the financial reports of companies listed on the Tehran Stock Exchange have been collected and tested. Findings show that in all three capital asset pricing models (Fama and French three-factor model, (2001) Kahrat four-factor model and Fama and French five-factor model, (2014) investors' emotional tendencies in price The investment of capital assets has an effect and increases the sheer risk of the portfolio.The results also show that in all three pricing models, presenting a capital asset pricing model based on investors' emotional tendencies increases the predictive power of common capital asset pricing models.
کلیدواژهها [English]