Pregled bibliografske jedinice broj: 839934
Behavioral elements in capital structure management
Behavioral elements in capital structure management // Conference Proceedings on the 6th International Conference of the School of Economics and Business "Beyond the Economic Crisis: Lessons Learned and Challenges Ahead" / Mehic, Eldin (ur.).
Sarajevo: Ekonomski fakultet Univerziteta u Sarajevu, 2012. str. 168-176 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
CROSBI ID: 839934 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Behavioral elements in capital structure management
Autori
Učkar, Dean
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Conference Proceedings on the 6th International Conference of the School of Economics and Business "Beyond the Economic Crisis: Lessons Learned and Challenges Ahead"
/ Mehic, Eldin - Sarajevo : Ekonomski fakultet Univerziteta u Sarajevu, 2012, 168-176
ISBN
978-9958-25-077-4
Skup
6th International Conference of the School of Economics and Business "Beyond the Economic Crisis: Lessons Learned and Challenges Ahead"
Mjesto i datum
Sarajevo, Bosna i Hercegovina, 12.10.2012. - 13.10.2012
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Behavioral elements; capital structure; capital budgeting
Sažetak
The issue of determination, or even the mere existence, of optimal capital structure is for a long time the subject of interest for the scientists and financial managers. Significance of appropriate capital structure combination is reflected on capital costs decrease and lower costs of financing which is a consequence of lowered company’s risk perception. The fact that there are several different theories about capital structure formation speaks clearly about their importance for financial management of every company. Each of those theories tries to come to the conclusion about possibility of optimal capital structure reach, and all of them have the goal of shares value maximization. On the other hand, behavioral finance questions the validity of traditional assumptions of rational participants in the capital market and the efficiency of capital market. Through the foundations of behavioral finance, ie. cognitive psychology (how people think) and the limits to arbitrage (when capital markets are inefficient), this paper seeks to identify the elements that influence the determination of capital structure in contemporary conditions. By presenting a number of previous studies, there are particularly examined the elements of behavioral finance with the influence on shares mispricing, consequently the formation of capital structure, and the irrational elements in the process of capital budgeting.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
