财经理论与实践2018，Vol.39Issue(2)：65-73,9.
管理层权力与认知偏差对企业衍生品投机行为的推动:替代还是互补?——来自中国上市公司的证据
Managerial Power,Cognition Biases and Speculation in Application of Derivatives:Replacement or Complement?——Evidence from China's Listed Companies
摘要
Abstract
Based on a sample of China's listed companies (2008-2015)which have applied de-rivatives to test the relevance between speculation and management characteristics represented by managerial power and cognition biases,especially the reciprocity of the two drives,it can be found that:for the whole sample and quicker growth sample,managerial power and cognition bi-ases might lead to speculation by derivatives;for the slower growth sample,managerial power is significant while cognition biases not;there might be replacement between managerial power and cognition biases for the whole sample and slower growth sample,while complement for the quic-ker growth sample.关键词
管理层权力/认知偏差/衍生品投机行为/替代/互补Key words
managerial power/cognition biases/derivatives speculation/replacement/com-plement分类
管理科学引用本文复制引用
曹玉珊..管理层权力与认知偏差对企业衍生品投机行为的推动:替代还是互补?——来自中国上市公司的证据[J].财经理论与实践,2018,39(2):65-73,9.基金项目
中国博士后科学基金面上项目(20100471422)、江西省社会科学规划项目(14YJ12) （20100471422）
