Investor Sentiment,Managerial Optimism and Corporate Investment
将有限理性的投资者和管理者纳入同一框架，从行为公司金融视角证明管理者乐观主义是投资者情绪影响企业投资的中介渠道，有助于理解金融危机如何从微观企业传导至实体经济。
This paper incorporated limited rational investors and mangers into the same framework,proposed and had proved the intermediate channel of managerial optimism through which investor sentiment affects corporate investment from the perspective of behavioral corporate finance.This enriched literatures on the functioning mechanism of investor sentiment affecting corporate investment,helped us to understand the macro issues how the worldwide Financial Tsunami spread to the real economy from the micro-enterprise perspective,expanded the research paths of theories of behavioral corporate finance.