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Title: |
Traditional Finance, Behavioral Finance and Evolutionary Finance |
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Source: |
International Conference on Engineering and Business Management 2012(Part 3 Engineering and Project Management)
(pp 1740-1744)
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Author(s): |
Fenglin Yuan, Business School of Yangzhou University, Yangzhou, Jiangsu, China, 225009 |
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Abstract: |
In recent years, the capital market has achieved rapid development. Company's financial activities have enriched and financial relations have been increasingly complex. Particularly, the investment activities and investment behavior of the government, companies, and individuals have been influenced by many environmental factors and constraints. Traditional financial theory can not explain some anomalies. Breakthrough in the traditional financial theory is the necessary financial requirement which can adapt to modern economic development. This paper analyzes the meanings and relationships between the traditional finance, behavioral finance and evolutionary financial.
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