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Financial investment behavior tendencies of air carriers |
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| Authors: | Yung-Hsiang Cheng Ann Shawing Yang Yen Hua Liu |
| Affiliation: | aDepartment of Transportation and Communication Management Science, National Cheng Kung University, 1, University Rd., Tainan 701, Taiwan, ROC;bInstitute of International Management, National Cheng Kung University, 1, University Rd., Tainan 701, Taiwan, ROC;cDepartment of Logistics Management, National Kaohsiung First University of Science and Technology, 2, Zhuoyue Rd., Nanzi District 811, Kaohsiung City, Taiwan, ROC |
| Abstract: | This study looks at the financial investment behavior of air carriers in Taiwan and the US stock markets. Application of the DHS model via behavioral finance theory indicates a tendency of becoming overly confident in Taiwan's domestic market. It is also known that Taiwanese investors react with excess optimism regardless of market conditions. Availability of private information before and after public announcements has little effect on investment behavior. Contrarily, US investors indicate a lower degree of overconfidence. |
| Keywords: | Financial investment behavior DHS model Market value |
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