財務管理理論與策略
馬黛教授
2014年春季
一.目的：
本課程主要在進一步討論財務管理理論中的幾個重要課題，並輔以有關財務決策上的實務探討。理論方面包括資本結構、資本預算、代理理論、股利決策、實質選擇權之應用、公司控制(corporate control)等課題，策略方面則包括資金籌措、公司評價、公司重整(corporate restructuring)、公司治理、風險管理、員工報酬等主題。上課係以授課及研討方式進行，學生須在課堂上做口頭報告。
二.參考書/期刊：
|
Ruth Bender& Keith
Ward,“
Corporate Financial Strategy”, Elsevier, 2009 |
三.大綱進度:
|
主題 |
指定(Readings) |
|
n公司財務理論基礎 |
|
|
1.市場效率性 |
1-1, 1-5 |
|
2.資本預算與公司策略 |
2-2, 2-3, 2-7,
2-9, 2-14, 2-21 |
|
3.資本結構與股利政策 |
3-1, 3-3, 3-4,
3-5, 3-6, 3-7, 3-8, 3-10 |
|
4.資金籌措 |
4-1, 4-3, 4-4,
4-7, 4-11 |
|
5.公司評價 |
5-1, 5-3, 5-4,
5-5, 5-7 |
|
6.風險管理 |
6-1, 6-2, 6-3,
6-7, 6-8, 6-10 |
|
7.公司重組與公司控制 |
7-1, 7-2, 7-3,
7-4, 7-5 |
|
8.公司治理 |
8-1, 8-2, 8-3,
8-4, 8-5, 8-7, 8-8 |
|
9.員工股票選擇權 |
9-1, 9-2, 9-6 |
|
10.民營化 |
|
|
11.其他(公司失敗與重整，法人/外國股權，庫藏股，etc.) |
11-1, 11-3,
11-4 |
四.作業：
※每次上課有3篇指定文章，3篇新知報告，新知至少有一篇要用英文。
所有作業請按時上傳網大。學生須：
1.
於課堂上就指定reading為口頭報告(1~2次)及自訂新知報告(1~2次)，必須做扼要投影片。每人共上台三次，口頭報告最好要有台灣相關資料補充。
2.
口頭報告除PPT之外，須繳書面報告(word檔)，必須要有補充資料及心得。
3.
參與網大討論。
4.
期末報告及作業。(1)期末報告請以一~二家公司為個案，分析本學期討論的主要議題﹝投、融資決策、資本結構、資金成本、公司評價、EVA、股權結構、公司治理、風險管理、高階主管薪資﹞。(2)作業於課堂指定之。
五.評分：
|
類 別 |
分數 |
說 明 |
|
n新知報告(ppt) |
10% |
每人1~2次 |
|
n上課參與討論 |
約10% |
包括網大參與。 |
|
n口頭報告 (1)口頭報告（ppt） (2)書面報告(word) |
約25% 15% 10% |
1~2次 必須有心得及其他相關文獻之補充。 |
|
n期末報告(word & ppt) |
20% |
最多四人一組 |
|
n作業 |
約35% |
6~7次 |
1.
市場效率性
|
|
|
1-1
|
Murillo Campello, John R.
Graham,” Do stock prices influence corporate
decisions? Evidence from the technology bubble”, Journal
of Financial Economics, Volume 107, Issue 1, Pages 89-110 ,January 2013
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1-2
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George
Alexandridis, Kathleen P. Fuller, Lars Terhaar, Nickolaos G. Travlos,” Deal
size, acquisition premia and shareholder gains”, Journal of Corporate Finance,Volume 20, Pages 1-13
(April 2013) |
|||
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|
ü |
1-3
|
U. Mark Schneider , “Toward Real-Time Financial Reporting: How to
Reduce Investors' Information Gap and the Cost of Capital”, Journal of
Applied Corporate Finance, Volume 24, Issue 3, pages 55–59, Summer 2012 |
|||
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1-4
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Rick Chijpers and Erik Peek, “Reporting Frequency, Information
Precision and Private Information Acquisition”, Journal of Business
Finance& Accounting, Feb. 2010, pp.27-59. |
|||
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1-5
|
K. C. Chen, Guangzhong Li, and Lifan Wu, “Price Discovery for
Segmented US-Listed Chinese Stocks: Location or Market Quality?”, Journal of
Business Finance& Accounting, Feb. 2010, pp.242-269. |
|||
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1-6
|
Bok Baik and Wooseok Choi, “Managing Earning Surprises in Japan:
Perspective from Bank Relatioships and Institutional Ownership”, Journal of
Business Finance& Accounting, Jun.2010, pp.495-517. |
|||
|
|
ü |
1-7
|
Keith Sherin, “Financial Planning and Investor Communications at GE
(With a Look at Why We Ended Earning Guidance)”, Journal of Applied Corporate
Finance, Vol.22, No.04, 2010, pp.08. |
|||
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1-8
|
John H. Cochrane, “Presidential Address: Discount Rates”, The Journal
of Finance, Vol.66, No.4, Aug.2011, pp.1047. |
|||
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1-9
|
Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, Andrei
Shleifer, “The law and
economics of self-dealing”, Journal of
Financial Economics, Vol. 88, Iss. 3, June 2008, pp. 430-465. |
|||
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|
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1-10 |
Burton Malkiel, Sendhil Mullainathan, Bruce Stangle, “Market
Efficiency versus Behavioral Finance ”, Journal of Applied Corporate Finance,
Vol.17, No.3, 2005, 124-136. |
|||
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1-11 |
Amy Hutton, “Beyond Financial Reporting An Integrated Approach to
Disclosure”, Journal of Applied Corporate Finance, Vol.16, No.4, 2004, 8-16. |
|||
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1-12 |
Brian Bushee, “Identifying and Attracting the "right"
Investors: Evidence on the Behavior of Institutional Investors”, Journal of
Applied Corporate Finance, Vol.16, No.4, 2004, 28-35. |
|||
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1-13
|
Mark Anson and Ho Ho, “The Shareholder Wealth Effects of Calpers’
Focus List”, Journal of Applied Corporate Finance, Vol.15, No.3, Spring 2003,
102-111. |
|||
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|
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1-14
|
Michael J Mauboussin, “Revisiting market efficiency: The stock market
as a complex adaptive system”, Journal of Applied Corporate Finance, Vol.14,
No.4, Winter 2002, 47-55. |
|||
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|
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1-15
|
Titman, Sheridan, “The Modigliani and Miller Theorem and Market
Efficiency.” SSRN, FEN CapMkts-EffMkt WPS, Vol. 5, No. 5, February 18, 2002. |
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2.
資本預算與公司策略
|
|
|
2-1
|
Amit
Seru,” Firm boundaries matter: Evidence
from conglomerates and R&D activity”, Journal of Financial Economics,Volume 111, Issue 2, Pages 381-405 ,February 2014 |
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2-2
|
Yelena
Larkin,” Brand perception, cash flow
stability, and financial policy”, Journal of Financial Economics,Volume 110, Issue 1, Pages 232-253 ,October 2013 |
|
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2-3
|
Huasheng Gao, Jarrad Harford,
Kai Li,” Determinants
of corporate cash policy: Insights from private firms”, Journal of
Financial Economics, Volume 109, Issue 3, Pages 623-639 ,September 2013
|
|
|
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2-4
|
J. Chris
Leach, Nathalie Moyen, Jing Yang,”
On
the strategic use of debt and capacity in rapidly expanding markets”, Journal of
Corporate Finance,Volume
23, Pages 332-344,December 2013 |
|
|
|
2-5
|
Petri Kyröläinen, Irene Tan, Pasi Karjalainen,” How creditor rights affect the value of
cash: A cross-country study”, Journal of Corporate Finance,Volume 23, Pages 278-298,December 2013 |
|
|
|
2-6
|
Jennifer
Itzkowitz,” Customers and cash: How relationships affect suppliers' cash
holdings”, Journal of Corporate
Finance,Volume 19, Pages 159-180 ,February 2013 |
|
|
|
2-7
2-8
|
Gayane’ Hovakimian, “Financial
constraints and investment efficiency: Internal capital allocation across the
business cycle. ”, Journal of Financial Intermediation, Volume 20, 2011, Page
264-283 Jay R. Ritter, “Is Economic
Growth Good for Investors?” , Journal of Applied Corporate Finance, Volume 24, Issue 3, pages 8–18, Summer 2012 |
|
|
ü |
2-9
|
Javier Estrada, “Blinded
by Growth”, Journal of Applied Corporate Finance, Volume 24, Issue 3, pages 19–25, Summer 2012 |
|
|
ü |
2-10
|
Antonio E. Bernardo,
Bhagwan Chowdhry and Amit Goyal, “Assessing Project Risk” , Journal of
Applied Corporate Finance, Volume 24,
Issue 3, pages 94–100, Summer 2012 |
|
|
|
2-11
|
VenkatSubramaniam, Tony
T. Tang, HengYue, Xin Zhou, “Firms Structure and Corporate Cash Holdings”,
Journal of Corporate Finance, June 2011, pp.759-773. |
|
|
|
2-12
|
Stefan Hirth, Marc
Viswanatha, “Financing Constraints, Cash-Flow Risk, and Corporate Investment”,
Journal of Corporate Finance, Dec. 2011, pp.1496-1509. |
|
|
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2-13
|
Julio Pindado, Ignacio
Requejo, Chabela de la Torre, ”Family Control and Investment- Cash Flow
Sensitivity: Empirical Evidence From the Euro Zone”, Journal of Corporate
Finance, Dec. 2011, pp.1389-1409. |
|
|
ü |
2-14
|
Stefan Hirth, and
Marliese Uhrig-Homburg, “Investment Timing when External Financing is Costly”,
Journal of Business Finance& Accounting, Aug. 2010, pp.929-949. |
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|
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2-15
|
Richard S. Ruback, “Downsides
and DCF: Valuing Biased Cash Flow Forecasts”, Journal of Applied Corporate
Finance, Vol.23, No.02, 2011, pp.8. |
|
|
ü |
2-16
|
Peter A. Brous, “Valuing
an Early-Stage Biotechnology Investment as a Rainbow Option”, Journal of
Applied Corporate Finance, Vol.23, No.02, 2011, pp.94. |
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2-17
|
Gregory V. Milano, “Postmodern
Corporate Finance”, Journal of Applied Corporate Finance, Vol.22, No.02,
2010, pp.48. |
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2-18
|
Claudio Loderer, John
B. Long, and Lukas Roth, “Implementing Fischer Black`s Simple Discounting
Rule”, Journal of Applied Corporate Finance, Vol.22, No.02, 2010, pp.60. |
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2-19
|
Joseph Fuller, Monitor
Group, and Michel Jensen, “Just Say No to Wall Street: Putting a Stop to the
Earnings Game”, Journal of Applied Corporate Finance, Vol.22, No.01, 2010,
pp.59. |
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2-20
|
Michael Jensen, ”The
Modern Industrial Revolution, Exit, and the Failure of Internal Control
System”, Journal of Applied Corporate Finance, Vol.22, No.01, 2010, pp.43. |
|
|
ü |
2-21
|
Patrick Bolton, Hui
Chen, and Neng Wang, “A Unified Theory of Tobin`s q, Corporate Investment, Financing, and Risk Management, The
Journal of Finance, Vol.66, No.5, Oct.2011, pp.1545. |
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|
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2-22
|
Laurent Fresard. “Financial
Strength and Product Market Behavior: The Real Effects of Corporate Cash
Holdings”, The Journal of Finance, Vol.65, No.3, June 2010, pp.1097. |
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2-23
|
Peyer, Urs; Vermaelen, “The
Nature and Persistence of Buyback Anomalies”, Review of Financial Studies,
Vol. 22, Issue 4, Apr2009, pp.1693-1745. |
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|
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2-24
|
Marc Zenner, Tomer Berkovitz, John H.S. Clark, “Creating Value Through Best-In-Class Capital Allocation”, Journal of Applied Corporate Finance, Vol. 21, Iss. 4, Fall2009,
pp.89-96. |
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|
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2-25
|
Francesco Baldi, Lenos Trigeorgis, “Assessing the Value of Growth Option Synergies from Business
Combinations and Testing for Goodwill Impairment: A Real Options Perspective”,
Journal of Applied Corporate Finance, Vol. 21, Iss.
4, Fall2009, pp.115-124. |
|
|
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2-26
|
John Martin, William Petty, James Wallace, “Shareholder Value Maximization—Is There a Role for Corporate Social
Responsibility?”, Journal of Applied Corporate Finance, Vol.
21, Iss. 2, Spring2009, pp.110-118. |
|
|
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2-27
|
Christopher Polk & Paola Sapienza, ”The Stock Market and Corporate
Investment: A Test of Catering Theory”. Oxford Journals, Economics & Social Sciences Review of Financial
Studies, Volume 22, Issue 1, p. 187-217. |
|
|
ü |
2-28
|
Philippe Aghion, Jeremy C. Stein, “Growth versus Margins:
Destabilizing Consequences of Giving the Stock Market What It Wants”, Journal
of Finance, Vol. 63, Iss. 3, June 2008, pp. 1025-1058. |
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|
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2-29
|
John Martin and Sheridan Titman, “Single vs. Multiple Discount Rates:
How to Limit ”Influence Costs” in the Capital Allocation Process”, Journal of Applied Corporate Finance, Vol. 20, No. 2, Spring 2008, pp.
79-83. |
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|
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2-30
|
Luc Soenen and Robert Johnson, “The Equity Market Risk Premium and
Valuation of Overseas Investments”, Journal of Applied Corporate Finance, Vol. 20, No. 2, Spring 2008, pp.
113-121. |
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2-31
|
Richard L. Shockley, Jr., “A Real Option in a Jet Engine Maintenance
Contract”, Journal of Applied Corporate Finance, Vol.
19, No. 2, Spring 2007, pp. 88-94. |
|
|
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2-32
|
Javier Estrada, “Discount Rates in Emerging Markets: Four Models And
an Application”, Journal of Applied Corporate Finance, Vol.19, No.2, Spring
2007, 72-77 |
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|
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2-33
|
Scott Mathews, Vinay Datar, Blake Johnson, “A Practical Method for
Valuing Real Option: The Boeing Approach”, Journal of Applied Corporate
Finance, Vol.19, No.2, Spring 2007, 95-104 |
|
|
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2-34
|
Fritz Foley, C., Hartzell, Jay C., Titman, Sheridan, and Twite, Garry,
“Why Do Firms Hold So Much Cash? A Tax-Based Explanation”, Journal of
Financial Economics, Vol. 86, Iss. 3, December 2007. pp.579-607. |
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|
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2-35
|
Robert L. McDonald, “The Role of Real Options in Capital Budgeting:
Theory and Practice” Journal of Applied Corporate Finance, Vol. 18, Iss.2,
2006, 28-39. |
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|
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2-36
|
Martha Amram, Fanfu Li and Cheryl A
Perkins, “How Kimberly-Clark Uses Real Options”
Journal of Applied Corporate Finance, Vol. 18, Iss.2, 2006, 40-47. |
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|
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2-37
|
Murray Carlson, Adlai Fisher and Ron Giammarino, “Corporate Investment
and Asset Price Dynamics: Implications for SEO Event Studies and Long-Run
Performance” The Journal of Finance, Vol.61, Iss.3, 2006. |
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|
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2-38
|
Sheng-Syan Chen, “The Economic Impact of Corporate Capital
Expenditures: Focused Firms versus Diversified Firms”, Journal of Financial
& Quantitative Analysis, Vol.41, Iss.2, 2006. |
|
|
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2-39
|
Varouj A. Aivazian, Ying Ge and Jiaping Qiu, “The impact of leverage
on firm investment: Canadian evidence ”, Journal of Corporate Finance,
Vol.11, Iss.1-2, 2005, 277-291. |
|
|
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2-40
|
Adam Borison, “Real Options Analysis: Where Are the Emperor's
Clothes?”, Journal of Applied Corporate Finance, Vol.17, No.2, 2005, 17-31 |
|
|
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2-41
|
Gregory P. Swinand, Carlos Rufin and Chetan Sharma, “Valuing Assets
Using Real Options: An Application to Deregulated Electricity Markets ”,
Journal of Applied Corporate Finance, Vol.17, No.2, 2005, 55-67. |
|
|
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2-42
|
Alexander Triantis, “Realizing the Potential of Real Options: Does
Theory Meet Practice?”, Journal of Applied Corporate Finance, Vol.17, No.2,
2005, 8-16. |
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|
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2-43
|
Peter Miller, Ted O'Leary, “Managing Operational Flexibility in
Investment Decisions: The Case of Intel”, Journal of Applied Corporate
Finance, Vol.17, No.2, 2005, 87-93. |
|
|
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2-44
|
Ralph Villiger, Boris Bogdan, “Valuing Pharma R&D: The Catch-22 of
DCF”, Journal of Applied Corporate Finance, Vol.17, No.2, 2005, 113-116. |
|
|
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2-45
|
Andre F. Perold, “Capital Allocation in Financial Firms”, Journal of
Applied Corporate Finance, Vol.17, No.3, 2005, 110-118. |
|
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2-46
|
Michael C. Ehrhardt, “Incorporating Competition into the APV Technique
for Valuing Leveraged Transactions”, Journal of Applied Corporate Finance,
Vol.17, No.1, 2005, 79-87. |
|
|
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2-47
|
Jaime Sabal, “The Discount Rate in Emerging Markets: A Guide”, Journal
of Applied Corporate Finance, Vol.16, No.2-3, 2004, 155-166. |
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2-48
|
Alexander B. Putten and Ian C. MacMillan, “Making Real Options Really
Work”, Harvard Business Review, Vol.82, Iss.12, Dec2004, 132-141. |
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2-49
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Tom Copeland and Peter Tufano, “A Real-World Way to Manage Real Options”,
Harvard Business Review, Vol.82, Iss.3, Mar2004, 90-99. |
3.
資本結構與股利政策
|
|
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3-1
|
Adriano A. Rampini, S.
Viswanathan,” Collateral and capital structure”, Journal
of Financial Economics, Volume 109, Issue 2, Pages 466-492 , August 2013
|
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3-2
|
Chen
Lin, Yue Ma, Paul Malatesta, Yuhai Xuan,” Corporate ownership structure and
the choice between bank debt and public debt”, Journal of
Financial Economics, Volume 109, Issue 2, Pages 517-534 , August 2013 |
|
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|
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3-3
|
Ilya A. Strebulaev, Baozhong
Yang,” The
mystery of zero-leverage firms”, Journal of
Financial Economics, Volume 109, Issue 1, Pages 1-23 ,July 2013
|
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3-4
|
Xavier Boutin, Giacinta
Cestone, Chiara Fumagalli, Giovanni Pica, Nicolas Serrano-Velarde,” The
deep-pocket effect of internal capital markets”, Journal of
Financial Economics, Volume 109, Issue 1, Pages 122-145 ,July 2013
|
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3-5
|
Gina Nicolosi,” Demographics of dividends”, Journal of Corporate Finance,Volume
23, Pages 54-70 ,December 2013
|
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3-6
|
Wolfgang Bessler, Wolfgang Drobetz, Rebekka Haller, Iwan Meier,” The
international zero-leverage phenomenon”, Journal of Corporate Finance,Volume
23, Pages 54-70 ,December 2013
|
|
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3-7
|
Y. Peter
Chung, Hyun Seung Na, Richard Smith,” How important is capital structure
policy to firm survival?”, Journal of
Corporate Finance,Volume 22, Pages 83-103 ,September 2013 |
|
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3-8
|
Baozhong
Yang,” Dynamic capital structure with heterogeneous beliefs and market
timing”, Journal of Corporate
Finance,Volume 22, Pages 254-277,September 2013 |
|
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|
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3-9
|
Ginka
Borisova, Kose John, Valentina Salotti,” The value of financing through
cross-border asset sales: Shareholder returns and liquidity”, Journal of Corporate Finance,Volume
22, Pages 320-344,September 2013 |
|
|
|
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3-10 |
Zhan
Jiang, Kenneth A. Kim, Erik Lie, Sean Yang,” Share repurchases, catering, and
dividend substitution”, Journal of Corporate Finance,Volume 21, Pages 36-50 (June 2013) |
|
|
|
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3-11 |
Mark J.
Flannery, Kristine Watson Hankins,” Estimating dynamic panel models in
corporate finance”, Journal of
Corporate Finance,Volume 19, Pages 1-19 (February 2013) |
|
|
☉ |
ü |
3-12 |
Erwan Morellec, Boris Nikolov, Norman Schürhoff, “Corporate Governance and Capital Structure
Dynamics”, Journal of Finance,
Volume 67, Issue 3, pages 803–848, June 2012 |
|
|
|
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3-13 |
Richard S. Warr, William B. Elliott, Johanna Koëter-Kant and Özde
Öztekin, “Equity Mispricing
and Leverage Adjustment Costs”, Journal of Financial and Quantitative Analysis, Volume 47, Issue 3, pages:
589-616, June 2012 |
|
|
|
ü |
3-14 |
Viet Anh Dang, Minjoo Kim and Yongcheol Shin, “Asymmetric capital structure adjustments:
New evidence from dynamic panel threshold models”, Journal of Empirical Finance, Volume 19,
Issue 4, pages 465–482, September 2012 |
|
|
|
ü |
3-15 |
Zhiyong An,“Taxation and capital
structure: Empirical evidence from a quasi-experiment in China”, Journal of Corporate Finance, Volume 18,
Issue 4, Pages 683–689, September 2012 |
|
|
|
ü |
3-16 |
Jennifer Itzkowitz,“Customers and cash: How relationships affect suppliers' cash holdings”, Journal of Corporate Finance, Volume 19,
Pages 159–180, , February 2013 |
|
|
|
ü |
3-17 |
Niso Abuaf, “Excess Cash and Shareholder Payout Strategies” , Journal
of Applied Corporate Finance, Volume 24, Issue 3, pages 39–54, Summer 2012 |
|
|
|
ü |
3-18 |
James Ang, Adam Smedema, “Financial Flexibility: Do Firms Prepare for
Recession?” , Journal of Corporate Finance, June.2011, pp.774-787. |
|
|
|
ü |
3-19 |
Carmelo Giaccotto, Joseph Golec, John Vernon, “New Estimates of the
Cost of Capital for Pharmaceutical Firms”, Journal of Corporate Finance, June
2011, pp.526-540. |
|
|
|
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3-20 |
Benjamin M. Blau, Kathleen P. Fuller, Robert A. Van Ness, “Short
Selling Around Dividend Announcements and Ex-Dividend Days”, Journal of
Corporate Finance, June. 2011, pp.628-639. |
|
|
|
ü |
3-21 |
Kathleen P. Fuller, Michael A. Goldstein, “Do Dividends Matter More in
Declining Market?”, Journal of Corporate Finance, June 2011, pp.457-473. |
|
|
|
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3-22 |
Ali Gungoraydinoglu, özde öztekin, “Firm-
and Country-Level Determinants of Corporate Leverage: Some New International
Evidence”, Journal of Corporate Finance, Dec. 2011, pp.1457-1474. |
|
|
|
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3-23 |
Jan Hanousek, Anastasiya Shamshur, “A Stubborn Persistence: Is the
Stability of Leverage Rations Determined By the Stability of the Economy?”,
Journal of Corporate Finance, Dec 2011, pp.1360-1376. |
|
|
|
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3-24 |
Bong Soo Lee, Jungwon Suh, “Cash Holdings and Share Repurchases:
International Evidence”, Journal of Corporate Finance, Dec.2011,
pp.1306-1329. |
|
|
|
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3-25 |
In-Mu Haw, Simon S.M. Ho, Bingbing Hu, Xu Zhang, “The Contribution of
Stock Repurchases to the value of the Firm and Cash Holdings Around the World”,
Journal of Corporate Finance, Feb. 2011, pp.152-166. |
|
|
|
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3-26 |
Juan Juan Huang, YifengShen, Qian Sun, “Nonnegotiable shares,
Controlling shareholders, and Dividend Payments in China”, Journal of
Corporate Finance, Feb .2011, pp.122-133. |
|
|
|
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3-27 |
Viet A. Dang, “Leverage, Debt Maturity and Firm Investment: An
Empirical Analysis”, Journal of Business Finance& Accounting, Feb. 2011,
pp.225-258. |
|
|
|
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3-28 |
Aloke (AI) Ghosh and Doocheol Moon, “Corporate Debt Financing and
Earnings Quality”, Journal of Business Finance& Accounting, Jun. 2010,
pp.538-559. |
|
|
|
|
3-29 |
Raf Orens, Walter Aerts, and Denis Cormier, “Web- Based Non-Financial
Decisions to Valuation-Method Innovation: An Exploratory Empirical Study”,
Journal Business Finance& Accounting, Dec. 2010, pp.1057-1093. |
|
|
|
|
3-30 |
Gerald R. Jensen, Leonard L. Lundstrum, Robert E. Miller, “What do
Dividend Reductions Signal?”, Journal of Corporate Finance, Dec.2010,
pp.736-747. |
|
|
|
|
3-31 |
Matteo P. Arena, Andrew H. Roper, “ The Effect of Taxes on
Multinational Debt Location”, Journal of Corporate Finance, Dec.2010,
pp.637-654. |
|
|
|
|
3-32 |
Thomas J. Chemmanur, Jie He, Gang Hu, Helen Liu, “Is Dividend
Smoothing Universal? : New Insights From A Comparative Study of Dividend
Policies in Hong Kong and the U.S.”, Journal of Corporate Finance, Sep. 2010,
pp.413-430. |
|
|
|
|
3-33 |
Konan Chan, David L. Ikenberry, Inmoo Lee, Yanzhi Wang, “Share
Repurchases as Potential Tool to Mislead Investors, Journal of Corporate
Finance, Apr. 2010, pp.137-158. |
|
|
|
|
3-34 |
Hazem Daouk, David Ng, “Is Unlevered Firm Volatility Asymmetric”,
Journal of Empirical Finance, Sep 2011, pp.634-651. |
|
|
|
|
3-35 |
Tom Engsted, Thomas Q. Pedersen, “The Dividend-Price Ratio does
Predict Dividend Growth: International Evidene”, Journal of Empirical
Finance, Sep. 2010, pp.585-605. |
|
|
|
|
3-36 |
Cheolbeom Park, “When does The Dividend-Price Ratio Predict Stock
Returns?”, Journal of Empirical Finance, Original Research Article, Jan. 2010,
pp.81-101. |
|
|
|
|
3-37 |
Jules H. van Binsbergen, John R. Graham, and Jie Yang, “An Empirical
Model of Optimal Capotal Strcture”, Journal of Applied Corporate Finance,
Vol.23, No.04, 2011., pp.34. |
|
|
|
|
3-38 |
James Ang, Tom Arnold, C. Mitchell Conover, and Carol Lancaster, “Maintaining
a Flexible Payout Policy in Mature Industry: The Case of Crown Cork and Seal
in the Connelly Era”, Journal of Applied Corporate Finance, Vol.22, No.04,
2010, pp.30. |
|
|
|
|
3-39 |
Joseph P.H. Fan, Sheridan Titman, and Garry Twite, ”An International
Comparison of Capital Structure and Debt Maturity Choices”, Journal of
Financial and Quantitative Analysis, Accepted Manuscripts, pp.1-68. |
|
|
|
|
3-40 |
Viral V. Acharya and S. Viswanathan, “Leverage, Moral Hazard, and
Liquidity”, The Journal of Finance, Vol.66, No.1, Feb.2011, pp.99. |
|
|
|
|
3-41 |
Jules H.Van Binsbergen, John R. Graham, and Jie Yang, “The Cost of
Debt”, The Journal of Finance, Vol.65, No.6, Dec. 2010, pp.2089. |
|
|
|
|
3-42 |
Arthur Korteweg, “The Net Benefits to Leverage”, The Journal of
Finance, Vol.65, No.6, Dec. 2010, pp.2137. |
|
|
|
|
3-43 |
Hui Chen, ”Macroeconomic Conditions and the Puzzles of Credit Spreads”,
The Journal of Finance, Vol.65, No.6, Dec. 2010, pp.2171. |
|
|
|
|
3-44 |
Jonathan B. berk, Richard Stanton, and Josef Zechner, ”Human Capital,
Bankruptcy, and Capital Structure”, The Journal of Finance, Vol.65, No.3,
June 2010, pp.861. |
|
|
|
|
3-45 |
Sibilkov, Valeriy, “Asset Liquidity and Capital
Structure”, Journal of Financial & Quantitative Analysis, Vol. 44
Issue 5, Oct2009, pp1173-1196. |
|
|
|
|
3-46 |
Thomas W. Bates, Kathleen M. Kahle, René M. Stulz, “Why Do U.S. Firms Hold So Much More Cash than They Used To?”, The
Journal of Finance, Vol. 64, Iss. 5, Oct2009, pp.1985-2021. |
|
|
|
|
3-47 |
David Hirshleifer, Kewei Hou, Siew Hong Teoh, “Accruals, cash flows,
and aggregate stock returns”, Journal of Financial Economics, Vol. 91, Iss.3,
March2009, pp.389-406. |
|
|
|
|
3-48 |
Yi Liu, Samuel H. Szewczyk, Zaher Zantout, “Underreaction to Dividend
Reductions and Omissions?”, Journal of Finance, Vol. 63, Iss. 2, April 2008,
pp. 987-1020. |
|
|
|
|
3-49 |
Michael L. Lemmon, Michael R. Roberts, and Jaime F. Zender, “Back to
the Beginning: Persistence and the Cross-Section of Corporate Capital
Structure”, Journal of Finance, Vol. 63, Iss. 4, August 2008, pp. 1575-1608. |
|
|
|
|
3-50 |
Victor M. Gonzalez, Francisco Gonzalez, “Influence of Bank
Concentration and Institutions on Capital Structure: New International
Evidence”, Journal of Corporate Finance, Vol. 14, Iss. 4, September 2008, pp.
363-375. |
|
|
|
|
3-51 |
Paul Brockman, John S. Howe, Sandra Mortal, “Stock Market Liquidity
and the Decision to Repurchase”, Journal of Corporate Finance, Vol. 14, Iss.
4, September 2008, pp. 446-459. |
|
|
|
|
3-52 |
Jayant R. Kale and Husayn Shahrur, “Corporate Leverage and Specialized
Investments by Customers and Suppliers”, Journal of Applied Corporate Finance,
Vol. 20, No. 4, Fall 2008, pp. 98-104. |
|
|
|
|
3-53 |
Heitor Almeida and Thomas Philippon, “Estimating Risk-Adjusted Costs
of Financial Distress”, Journal of Applied Corporate Finance, Vol. 20, No. 4,
Fall 2008, pp. 105-109. |
|
|
|
|
3-54 |
Amy Dittmar, “Corporate Cash Policy and How to Manage it with Stock
Repurchases”, Journal of Applied Corporate Finance, Vol.
20, No. 3, Summer 2008, pp. 22-34. |
|
|
|
|
3-55 |
David J. Denis and Igor Osobov, “Why Do Firms Pay Dividends?
International Evidence On The Determinants of Dividend Policy”, Journal of
Financial Economics, Vol. 89, Iss. 1, July2008, pp. 62-82. |
|
|
|
|
3-56 |
Thorsten Beck, Asli Demirguc-Kunt, Vojislav Maksimovic, “Financing
Patterns Around The World: Are Small Firms Different?”, Journal of
Financial Economics, Vol. 89, Iss. 3, Sep2008, pp. 467-487. |
|
|
|
|
3-57 |
Amy K. Dittmar, Robert F. Dittmar, “The Timing of Financing Decisions:
An Examination of the Correlation in Financing Waves”, Journal of
Financial Economics, Vol. 90, Iss. 1, Oct2008, pp. 59-83. |
|
|
|
|
3-58 |
Gamba, Andrea, Triantis, Alexander, “The Value of Financial
Flexibility”, Journal of Finance, Vol. 63, Iss. 5, Oct2008, pp. 2263-2296. |
|
|
|
|
3-59 |
Byoun, Soku, “How and When Do Firms Adjust Their Capital Structures
toward Targets?”, Journal of Finance, Vol.63, Iss. 6, Dec2008, pp.3069-3096. |
|
|
|
|
3-60 |
Nisan Langberg, “Optimal
financing for growth firms”, Journal of Financial Intermediation, Vol. 17, Iss. 3, July 2008,
pp.379-406. |
|
|
|
|
3-61 |
William B. Elliott, Johanna Koëter-Kant, Richard S. Warr, “Market
timing and the debt–equity choice”, Journal of Financial Intermediation, Vol. 17, Iss. 3, July 2008,
pp.175-197. |
|
|
|
|
3-62 |
Viral V. Acharya, Heitor Almeida, Murillo Campello, “Is cash
negative debt? A hedging perspective on corporate financial policies”, Journal of Financial Intermediation, Vol. 16, Iss. 4, October 2007,
pp.515-554. |
|
|
|
|
3-63 |
David J. Denis, Igor Osobov, “Why do firms
pay dividends? International evidence on the determinants of dividend policy”, Journal of Financial Economics, Vol. 89, Iss. 1, July 2008, pp.
1-19. |
|
|
|
|
3-64 |
Elias Rantapuska, “Ex-dividend
day trading: Who, how, and why?: Evidence from the Finnish market”, Journal of Financial Economics, Vol. 88, Iss. 2, May 2008, pp.
355-374. |
|
|
|
|
3-65 |
Douglas J. Skinner, “The evolving
relation between earnings, dividends, and stock repurchases”, Journal of Financial Economics, Vol. 87, Iss. 3, March 2008, pp.
582-609. |
|
|
|
|
3-66 |
Michael L. Lemmon ,Michael R. Roberts, Jaime F. Zender, “Back to the
Beginning: Persistence and the Cross-Section of Corporate Capital Structure”, The Journal of Finance, Vol. 63, Iss. 4, August 2008, pp.1575-1608 |
|
|
|
|
3-67 |
Handley, John C., “Dividend Policy: Reconciling DD With MM”, Journal
of Financial Economics, Vol. 87, Iss. 2, February 2008, pp.528-531 |
|
|
|
|
3-68 |
DeAngelo, Harry and DeAngelo, Linda, “Reply to: Dividend Policy:
Reconciling DD With MM”, Journal of Financial Economics, Vol. 87, Iss. 2,
February 2008, pp.532-533. |
|
|
|
|
3-69 |
Duarte, Jefferson, Han, Xi, Harford, Jarrad, and Young, Lance, “Information
Asymmetry, Information Dissemination and the Effect of Regulation FD on the
Cost of Capital”, Journal of Financial Economics, Vol. 87, Iss. 1, January
2008, pp. 24-44. |
|
|
|
|
3-70 |
Ayla Kayhan and Sheridan Titman, “Firm’s Histories and Their Capital
Structures”, Journal of Financial Economics, Vol.83, 2007, 1-32. |
|
|
|
|
3-71 |
Paul Halpern and Oyvind Norli, “Canadian Business Trusts: A New
Organizational Structure”, Journal of Applied Corporate Finance, Vol. 18, Iss.3,
2006, 66-75. |
|
|
|
|
3-72 |
Harry DeAgelo, Linda Deangelo and Rene. M. Stulz, “Dividend policy and
the earned/contributed capital mix: a test of the life-cycle theory”, Journal
of Financial Economics, Vol.81, Iss.2, 2006. |
|
|
|
|
3-73 |
John R. Graham and Alok Kumar, “Do Dividend Clienteles Exist? Evidence
On Dividend Preferences of Retail investors”, The Journal of Finance, Vol.61,
Iss.3, 2006. |
|
|
|
|
3-74 |
Darren J. Kisgen, “Credit Ratings and Capital Structure” The Journal
of Finance, Vol.61, Iss.3, 2006. |
|
|
|
|
3-75 |
Amihud Yakov and Li Kefei, “The Declining Information Content of
Dividend Announcements and the Effects of Institutional Holdings.” Journal of
Financial & Quantitative Analysis, Vol.41, Iss3, 2006. |
|
|
|
|
3-76 |
Yan An, “Leasing and Debt Financing: Substitutes or Complement?”, Journal
of Financial & Quantitative Analysis, Vol.41, Iss3, 2006. |
|
|
|
|
3-77 |
Yang Liu, “The Source of Debt Matter Too.”, Journal of Financial &
Quantitative Analysis, Vol.41, Iss3, 2006. |
|
|
|
|
3-78 |
Aydogan Alti, “How Persistent Is the Impact of Market Timing on
Capital Structure?”, The Journal of Finance, Vol.61, Iss.4, August 2006, i-2068. |
|
|
|
|
3-79 |
Michael J. Barclay, Clifford W. Smith, “The Capital Structure Puzzle:
The Evidence Revisited”, Journal of Applied Corporate Finance, Vol.17, No.1,
2005, 8-17. |
|
|
|
|
3-80 |
Anil Shivdasani, Marc Zenner, “How To Choose a Capital Structure:
Navigating the Debt-Equity Decision”, Journal of Applied Corporate Finance,
Vol.17, No.1, 2005, 26-35. |
|
|
|
|
3-81 |
Andrew Kalotay, “A Framework for Corporate Treasury Performance
Measurement”, Journal of Applied Corporate Finance, Vol.17, No.1, 2005,
88-93. |
|
|
|
|
3-82 |
Mark T. Leary, Michael R. Roberts, “Do Firms Rebalance Their Capital
Structures?”, Journal of Finance, Vol.60, Iss.6, 2005, 2575-2620. |
|
|
|
|
3-83 |
Jianjun Miao, “Optimal Capital Structure and Industry Dynamics”,
Journal of Finance, Vol.60, Iss.6, 2005, 2621-2660. |
|
|
|
|
3-84 |
Yaniv Grinstein, Roni Michaely, “Institutional Holdings and Payout
Policy”, Journal of Finance, Vol.60, Iss.3, 2005, 1389-1426. |
|
|
|
|
3-85 |
Carlos A. Molina, “Are Firms Underleveraged? An Examination of the
Effect of Leverage on Default Probabilities”, Journal of Finance, Vol.60,
Iss.3, 2005, 1427-1460. |
|
|
|
|
3-86 |
Eugene F. Fama and Kenneth R. French, “Financing decisions: who issues
stock?”, Journal of Financial Economics, Article In Press, 2005. |
|
|
|
|
3-87 |
Ming Dong, Chris Robinson and Chris Veld, “Why individual investors
want dividends”, Journal of Corporate Finance, Vol.12, Iss.1, 2005, 121-158. |
|
|
|
|
3-88 |
Xueping Wu and Zheng Wang, “Equity financing in a Myers–Majluf
framework with private benefits of control”, Journal of Corporate Finance,
Vol.11, Iss.5, 2005, 915-945. |
|
|
|
|
3-89 |
Merton H. Miller, “Leverage”, Journal of Applied Corporate Finance,
Vol.17, No.1, 2005, 106-111. |
|
|
|
|
3-90 |
Oded, Jacob “Why Do Firms Announce Open Market Repurchase Programs.”
The Review of Financial Studies, Spring 2005, 271-300. |
|
|
|
|
3-91 |
Brandon Julio, David L. Ikenberry, “Reappearing Dividends”, Journal of
Applied Corporate Finance, Vol.16, No.4, 2004, 89-100. |
|
|
|
|
3-92 |
Michael J. Schill, “Sailing in rough water: market volatility and
corporate finance”, Journal of Corporate Finance, Vol.10, Iss.5, 2004,
659-681. |
|
|
|
|
3-93 |
Darius P. Miller and John Puthenpurackal, “Security Fungibility and
the Cost of Capital: Evidence from Global Bonds” Journal of Financial and
Quantitative Analysis, Forthcoming
2004. |
|
|
|
|
3-94 |
Roger Heine and Fredric Harbus, “Toward A More Complete Model of
Optimal Capital Structure”, Journal of Applied Corporate Finance, Vol.15,
No.1, Spring 2002, 31-45. |
|
|
|
|
3-95 |
Almazan and Molina, “Intra-industry Capital structure dispersion: How
do Capital structure differ among competitors?”, Journal of Economics &
Management Strategy Volume 14, Issue 2, pages 263–297, June 2005 |
|
|
|
|
3-96 |
Ivo Welch, “Columbus’ Egg: The Real Determinant of Capital Structure.”
SSRN, FEN Cap-Structure WPS, Vol. 5, No. 7, February 18, 2002 *(經過查詢未有發表資訊) |
|
|
|
|
3-97 |
Ricci C. and Di Vito N., “International Working Capital Practices in
the UK” European Financial Management, Vol. 6 No. 1, 2000 Mar, 69-84 |
|
4.
資金籌措
|
|
|
4-1
|
Kathleen M. Kahle, René M.
Stulz,” Access to capital, investment, and the financial crisis”, Journal of Financial Economics,Volume 110,
Issue 2, Pages 280-299 ,November 2013
|
|
|
|
4-2
|
Cláudia Custódio, Miguel A.
Ferreira, Luís Laureano,” Why are
US firms using more short-term debt? ”, Journal of Financial
Economics,Volume 108, Issue 1, Pages 182-212 ,April 2013
|
|
|
|
4-3
|
Umit Ozmel, David T. Robinson,
Toby E. Stuart,” Strategic
alliances, venture capital, and exit decisions in early stage high-tech firms”,
Journal of Financial Economics,Volume 107, Issue 3, Pages 655-670 ,March 2013
|
|
|
|
4-4
|
Christian Dorion, Pascal François, Gunnar Grass, Alexandre Jeanneret,”
Convertible debt and shareholder incentives” ,Journal of Corporate
Finance,Volume 24, Pages 38-56 ,February 2014
|
|
|
|
4-5
|
Tao-Hsien Dolly King, David C. Mauer,” Determinants of corporate call
policy for convertible bonds” ,Journal of Corporate Finance,Volume 24, Pages
112-134 ,February 2014
|
|
|
|
4-6
|
Di Guo, Kun
Jiang,” Venture capital investment and the performance of entrepreneurial
firms: Evidence from China”, Journal
of Corporate Finance,Volume 22, Pages 375-395 (September 2013) |
|
|
|
4-7
|
Alexei
V. Ovtchinnikov,” Merger waves following industry deregulation”, Journal of
Corporate Finance,Volume
21, Pages 16-35 ,June 2013 |
|
|
|
4-8
|
Kenneth N.
Daniels, Fernando Díaz Hurtado, Gabriel G. Ramírez,” An empirical investigation
of corporate bond clawbacks (IPOCs): Debt renegotiation versus exercising the
clawback option”, Journal of
Corporate Finance,Volume 20, Pages 14-21 ,April 2013 |
|
|
|
4-9
|
Ji-Chai Lin,
YiLin Wu,” SEO timing and liquidity risk”, Journal of Corporate Finance,Volume 19, Pages 95-118 ,February
2013 |
|
|
ü |
4-10
|
Stefano DellaVigna, Joshua M. Pollet, “Capital Budgeting vs. Market Timing: An Evaluation Using Demographics”, Journal of Finance, Volume 68, Issue 1,
pages 237–270, February 2013 |
|
|
|
4-11
|
Hung-Chia Scott Hsu,“Technology timing of IPOs and venture capital incubation” , Journal of Finance, Volume 19, pages 36–55,
February 2013 |
|
|
ü |
4-12
|
V. Ravi Anshuman, John Martin and Sheridan Titman, “An Entrepreneur's
Guide to Understanding the Cost of Venture Capital”, Journal of Applied Corporate
Finance, Volume 24, Issue 3, pages 75–83, Summer 2012. |
|
|
ü |
4-13
|
Steven Ongena, GünseliTümer-Alkan, Bram Vermeer, “Corporate Choice
of Banks: Decision Factors, Decision Maker, and Decision Process-First
Evidence”, Journal of Corporate Finance, Apr. 2011, pp.326-351. |
|
|
|
4-14
|
Hsuan-Chi Chen, Keng-Yu Ho, Yu-Jen Hsiao, and Cheng Huan Wu, “The
Discovery for Segmented US-Listed Chinese Stocks: Location or Market Quality?
”,Journal of Business Finance& Accounting, Feb.2010, pp.171-205. |
|
|
|
4-15
|
Walid Y. Busaba, Chun Chang, “Bookbuliding vs. Fixed Price Revisited:
The Effect of Aftermarket Trading”, Journal of Corporate Finance, Jun. 2010. |
|
|
ü |
4-16
|
Hsuan-Chi Chen, Na Dai, John D. Schatzberg, “The Choice of Equity
Selling Mechanisms: PIPEs versus SEOs”, Journal of Corporate Finance, Feb
2010, pp.104-119. |
|
|
|
4-17
|
Reiner Braun, Nico Engel, Peter Hieber, Rudi Zagst, “The Risk Appetite
of Private Equity Sponsors”, Journal of Empirical Finance, Sep. 2010,
pp.815-832. |
|
|
|
4-18
|
Radhakrishnan Gopalan, Gregory F. Udell, and Vijay Yerramilli, “Why do
Firms Form New Banking Relationships?”, Journal of Financial and Quantitative
Analysis, Vol.46, Iss.05, Oct. 2011., pp.1335-1365. |
|
|
|
4-19
|
Dirk Jenter, Katharina Lewellen, and Daniel Paravisini, ”Security
Issue Timing: What Do Managers Know, and When Do They Know It?”, The Journal
of Finance, Vol.66, No.2, Apr.2011, pp.413. |
|
|
ü |
4-20
|
Tracy Yue Wang, Andrew Winton, and Xiaoyun Yu, ”Corporate Fraud and
Business Conditions: Evidence from IPOs” The Journal of Finance, Vol.65,
No.6, Dec.2010, pp.2255. |
|
|
|
4-21
|
Andrew Hertzbrg, Jose Maria Liberti, and Daniel Paravisini, ”Information
and Incentives Inside the Firm: Evidence from Loan Officer Rotation”, The
Journal of Finance, Vol.65, No.3, June 2010, pp.795. |
|
|
|
4-22
|
Omer Brav, “Access to Capital,
Capital Structure, and the Funding of the Firm”, The Journal of Finance, Vol.
64, Iss. 1, February 2009, pp. 263-308. |
|
|
|
4-23
|
Jaehoon Hahn, Hangyong Lee, “Financial
Constraints, Debt Capacity, and the Cross-section of Stock Returns”, The Journal of Finance, Vol. 64, Iss. 2, April 2009, pp.891-921. |
|
|
|
4-24 |
Jarrad Harford, Sandy Klasa, Nathan Walcott, “Do firms have leverage
targets? Evidence from acquisitions”, Journal of Financial
Economics, Vol. 93, Issue 1, July
2009, pp.1-14. |
|
|
|
4-25 |
Michael R. Roberts, Amir Sufi, “Renegotiation of financial contracts:
Evidence from private credit agreements”, Journal of Financial Economics,
Vol. 93, Issue 2, August 2009, pp.159-184. |
|
|
|
4-26 |
Adam C. Kolasinski, “Subsidiary debt, capital structure and internal
capital markets”, Journal of Financial Economics, Vol. 94, Issue 2, Nov2009,
pp. 327-343. |
|
|
|
4-27 |
Hober, Gerard; Prabhala, Nagpurnanand R, “Disappearing Dividends,
Catering, and Risk”, Review of Financial Studies, Vol. 22, Issue 1, Jan2009, pp.79-116. |
|
|
|
4-28 |
Bharath, Sreedhar T.; Pasquariello, Paulo; Guojun Wu, “Does Asymmetric
Information Drive Capital Structure Decisions?”, Review of Financial Studies,
Vol. 22, Issue 8, Aug2009, pp.3211-3243. |
|
|
|
4-29
|
Laura Lindsey, “Blurring Firm Boundaries: The Role of Venture Capital
in Strategic Alliances”, Journal of Finance, Vol. 63, Iss. 3, June 2008, pp.
1137-1168. |
|
|
|
4-30
|
Rongbing Huang, Zhaoyun Shangguan, Donghang Zhang, “The Networking
Function of Investment Banks: Evidence From Private Investments in Public
Equity”, Journal of Corporate Finance, Vol. 14, Iss. 5, December 2008, pp.
738-752. |
|
|
|
4-31
|
Karen H. Wruck, YiLin Wu, “Relationships, Corporate Governance, and
Performance: Evidence From Private Placements of Common Stock”, Journal of
Corporate Finance, Vol. 15, Iss. 1, February 2009, pp. 30-47. |
|
|
|
4-32
|
Jason Draho, “Re-equitizing Corporate Balance Sheets: Choosing Among
the Alternatives”, Journal of Applied
Corporate Finance, Vol. 20, No. 3, Summer 2008, pp. 58-67. |
|
|
|
4-33
|
Robert Berger, “SPACs: An Alternative Way to Access the Public Markets”,
Journal of Applied Corporate Finance, Vol. 20, No. 3, Summer 2008, pp.
68-75. |
|
|
|
4-34
|
Andrew Kalotay, “Callable Bonds: Better Value Than Advertised?”, Journal of Applied Corporate Finance, Vol. 20, No. 3, Summer 2008, pp.
91-99. |
|
|
|
4-35
|
Shams Butt, Anil Shicdasani, Carsten Stendevad, and Ann Wyman, “Sovereign
Wealth Funds: A Growing Global Force in Corporate Finance”, Journal of Applied Corporate Finance, Vol. 20, Iss. 1, Winter 2008, pp.
73-83. |
|
|
|
4-36
|
Leonce L. Bargeron, Frederik P. Schlingemann, Rene M. Stulz, Chad J.
Zutter, “Why Do Private Acquirers Pay So Little Compared to Public Acquirers?”,
Journal
of Financial Economics, Vol. 89, Iss. 3, Sep2008, pp. 375-390. |
|
|
|
4-37
|
Laura Bottazzi, Macro Da Rin, and Thomas Hellmann, “Who Are The Active
Investors?: Evidence From Venture Capital”, Journal of Financial
Economics, Vol. 89, Iss. 3, Sep2008, pp. 488-512. |
|
|
|
4-38
|
Hefei Wang, “Staged-financing
contracts with private information”, Journal of Financial Intermediation, Vol. 17, Iss. 3, July 2008,
pp.276-294. |
|
|
|
4-39
|
Kim, Woojin and Weisbach, Michael S., “Motivations For Public Equity
Offers: An International Perspective“, Journal of Financial Economics, Vol.
87, Iss. 2, February 2008, pp. 281-307. |
|
|
|
4-40
|
Gompers, Paul, Kovner, Anna, Lerner , Josh, and Scharfstein, David, “Venture
Capital Investment Cycles: The Impact of Public Markets“, Journal of
Financial Economics, Vol.87, Iss.1, January 2008, pp. 1-23. |
|
|
|
4-41
|
Kerins, Frank, Kutsuna, Kenji, and Smith, Richard, “Why Are IPOs
Underpriced? Evidence From Japan’s Hybrid Auction-Method Offerings”, Journal
of Financial Economics, Vol. 85, Iss. 3, September 2007, pp. 637-666. |
|
|
|
4-42
|
Ulf Axelson, “ Security Design with Investor Private Information”, The
Journal of Finance, Dec. 2007, Vol. 62, Iss. 6, pp. 2587-2632. |
|
|
|
4-43
|
James C. Brau and Stanley E. Fawcett, “Evidence on What CFOs Think
About the IPO Process: Practice, Theory, and Managerial Implications” Journal
of Applied Corporate Finance, Vol. 18, Iss.3, 2006, 107-117. |
|
|
|
4-44
|
Thomas Hellmann, “IPOs, acquisitions, and the use of convertibles
securtites in venture capital”, Journal of financial Economics, Vo;. 81,
Iss.3, 2006, 649-679. |
|
|
|
4-45
|
Brian J. Henderson, Narasimhan Jegadeesh and Michael S. Weisbach, “World
market for raising new capital”, Journal of Financial Economics, Vol. 82,
Iss. 1, 2006, 63-101. |
|
|
|
4-46
|
Nancy Huyghebaert and Cynthia Van Hulle, “Structuring the IPO:
Empirical evidence on the portions of primary and secondary shares”, Journal
of Corporate Finance, Vol.12, Iss.2, 2006, 296-320. |
|
|
|
4-47
|
Walid Y. Busaba, “Bookbuilding, the option to withdraw, and the timing
of IPOs”, Journal of Corporate Finance, Vol.12, Iss.2, 2006, 159-186. |
|
|
|
4-48
|
Ian G. Sharpe and Li-Anne E. Woo, “Corporate control, expected
underpricing, and the choice of issuance mechanism in unseasoned equity
markets”, Journal of Corporate Finance, Vol.11, Iss.4, 2005, 716-735. |
|
|
|
4-49
|
Douglas J. Cumming, “Capital structure in venture finance”, Journal of
Corporate Finance, Vol.11, Iss.3, 2005, 550-585. |
|
|
|
4-50
|
Colin Mayer, Koen Schoors and Yishay Yafeh, “Sources of funds and
investment activities of venture capital funds: evidence from Germany,
Israel, Japan and the United Kingdom”, Journal of Corporate Finance, Vol.11,
Iss.3, 2005, 586-608. |
|
|
|
4-51
|
Z. Ayca Altintig and Alexander W. Butler, “Are they still called late?
The effect of notice period on calls of convertible bonds”, Journal of
Corporate Finance, Vol.11, Iss.1-2, 2005, 337-350. |
|
|
|
4-52
|
William J. Wilhelm Jr., “Bookbuidling, Auctions, and the Future
of the IPO Process”, Journal of Applied Corporate Finance, Vol.17, No.1,
2005, 55-66. |
|
|
|
4-53
|
Ravi Jagannathan, Ann E. Sherman, “Reforming the Bookbuilding Process
for IPOs”, Journal of Applied Corporate Finance, Vol.17, No.1, 2005, 67-72. |
|
|
|
4-54
|
Chitru S. Fernando, Vladimir A. Gatchev, Paul A. Spindt, “Wanna Dance?
How Firms and Underwriters Choose Each Other”, Journal of Finance, Vol.60,
Iss.5, 2005, 2437-2470. |
|
|
|
4-55
|
Ayako Yasuda, “Do Bank Relationships Affect the Firm’s Underwriter
Choice in the Corporate-Bond Underwriting Market?”, Journal of Finance, Vol.60,
Iss.3, 2005, 1259-1292. |
|
|
|
4-56
|
William L. Megginson, “Toward a Global Model of Venture Capital”,
Journal of Applied Corporate Finance, Vol.16, No.1, Winter 2004, 89-107. |
|
|
|
4-57
|
Ravid, S. Abraham, Itzhak Venezia, Shlomith Zuta, and Aharon R. Ofer,
“When are Preferred Shares Preferred? Theory and Empirical Evidence.” EFA
2004 Maastricht Meetings Paper No. 2372. |
5.
公司評價
|
|
|
5-1
|
Christin
Rudolph, Bernhard Schwetzler,” Conglomerates on the rise again? A
cross-regional study on the impact of the 2008–2009 financial crisis on the
diversification discount”, Journal of
Corporate Finance,Volume 22, Pages 153-165 (September 2013) |
|
|
ü |
5-2
|
Yakov Amihud,
Haim Mendelson“Liquidity, the Value
of the Firm, and Corporate Finance”, Journal of Applied Corporate Finance, Volume 24, Issue 1, pages
17–32, Winter 2012. |
|
|
|
5-3
|
Yuan Xie, “The Market
Effects of Breaking a String of Meeting or Beating Analysts` Expectations:
Downward Revision of Future Cash Flows or Increase in Cost of Equity Capital?”,
Journal of Business Finance& Accounting, Feb. 2011, pp.95-118. |
|
|
ü |
5-4
|
Bjorn N. Jorgensen,
Yong Gyu Lee, and Yong Keun Yoo, “The Valuation Accuracy of Equity Value
Estimates Inferred From Conventional Empirical Implementations of the
Abnormal Earnings Growth Model: US Evidence”, Journal of Business
Finance& Accounting, Apr. 2011, pp.446-471. |
|
|
ü |
5-5
|
Robert W. Holthausen
and Mark E. Zmijewski, “Valuation with Market Multiples: How to Avoid
Pitfalls When Identifying and Using Comparable Companies” , Journal of
Applied Corporate Finance , Volume 24,
Issue 3, pages 26–38, Summer 2012 |
|
|
ü |
5-6
|
Robert W. Holthausen
and Mark E. Zmijewski, “Pitfalls in Levering and Unlevering Beta and Cost of
Capital Estimates in DCF Valuations” , Journal of Applied Corporate Finance, Volume 24, Issue 3, pages 60–74, Summer 2012 |
|
|
|
5-7
|
Daniel Kiechle and
Niklas Lampenius , “The Terminal Value and Inflation Controversy” , Journal
of Applied Corporate Finance, Volume 24,
Issue 3, pages 101–107, Summer 2012 |
|
|
ü |
5-8
|
Sudi Sudarsanam and
Ghulam Sorwar, “Determinants of Takeover Premium in Cash Offers: An Option
Pricing Approach”, Journal of Business Finance& Accounting, Jun. 2010,
pp.687-714. |
|
|
|
5-9
|
Linda Hughen, “When Do
Accounting Earnings Matter More than Economic Earnings Evidence from Hedge
Accounting Restatements”, Journal of Business Finance& Accounting,
Dec.2010, pp.1027-1056. |
|
|
|
5-10 |
Michael J. Cooper,
Stefano Gubellini, “The Critical Role of Conditioning Information in
Determining If Value is Really Riskier than Growth”, Journal of Empirical
Finance, Mar.2011, pp.289-305. |
|
|
|
5-11 |
Neil M. Kellard, John
C. Nankervis, Fotios I. Papadimitriou, “Predicting the Equity Premium With
Dividend Ratios: Reconciling the Evidence”, Journal of Empirical Finance,
Sep.2010, pp.270-282. |
|
|
|
5-12 |
Stephen Penman, ”Accounting
for Risk and Return in Equity Valuation”, Journal of Applied Corporate
Finance, Vol.23, No.02, 2011, pp.50. |
|
|
|
5-13 |
Guy Weyns, Juan-Luis
Perez, Barry Hurewitz, and Viad Jenkins, “ Morgan Stanley`s Risk-Reward
Views: Unlocking the Full Potential of Fundamental Analysis”, Journal of
Applied Corporate Finance, Vol.23, No.02, 2011., pp.59. |
|
|
|
5-14 |
Javier Estrada, ”The
Three-Factor Model: A Practitioner`s Guide”, Journal of Applied Corporate
Finance, Vol.23, No.02, 2011, pp.77. |
|
|
|
5-15 |
Franck Bancel and
Jacques Tierny, ”Valuing Companies with Cash Flow@ Risk”, Journal of Applied
Corporate Finance, Vol.23, No.02, 2011, pp.85. |
|
|
|
5-16 |
Erik Stern, “China
Adopts EVA: An Essential Step in the Great Leap Forward”, Journal of Applied
Finance, Vol.23, No.01, 2011, pp.57. |
|
|
|
5-17 |
King, Michael R.; Segal, Dan, “The Long-Term Effects of Cross-Listing,
Investor Recognition, and Ownership Structure on Valuation”, Review of
Financial Studies, Vol. 22, Issue 6, Jun2009, pp.2393-2421. |
|
|
|
5-18 |
Jenkinson, Tim; Jones,
Howard, ” IPO Pricing and Allocation: A Survey of the Views of Institutional
Investors”, Review of Financial Studies, Vol. 22, Issue 4, Apr2009, pp.1477-1504. |
|
|
|
5-19 |
John Gerzema, Ed Lebar, Anne Rivers, “Measuring the Contributions of Brand to Shareholder Value (and How to
Maintain or Increase Them)”, Journal of Applied
Corporate Finance, Vol. 21, Iss. 4, Fall2009, pp.79-88. |
|
|
|
5-20 |
Stefano Caselli, Stefano Gatti, Antonio Marciante, “Pricing Final Indemnification Payments to Private Sponsors in
Project-Financed Public-Private Partnerships: An Application of Real Options
Valuation “, Journal of Applied Corporate Finance, Vol.
21, Iss. 3, Summer2009, pp.95-106. |
|
|
|
5-21 |
Michael C. Jensen, William H. Meckling, “Specific Knowledge and Divisional Performance Measurement “, Journal of Applied Corporate Finance, Vol. 21, Iss. 2, Spring2009,
pp.49-57. |
|
|
|
5-22 |
Bennett Stewart, “EVA Momentum: The One
Ratio That Tells the Whole Story “, Journal of Applied Corporate Finance, Vol. 21, Iss. 2, Spring2009,
pp.74-86. |
|
|
|
5-23 |
Stephen F. O'Byrne, S. David Young, “Why Capital Efficiency Measures Are Rarely Used in Incentive Plans, and
How to Change That “, Journal of Applied
Corporate Finance, Vol. 21, Iss. 2, Spring2009, pp.87-92. |
|
|
|
5-24 |
Yakov Amihud and Haim
Mendelson, “Liquidity, the Value of the Firm, and Corporate Finance”, Journal of Applied Corporate Finance, Vol. 20, No. 2, Spring 2008,
pp.32-45. |
|
|
|
5-25 |
Panelists:
Richard Ruback,Trevor Harris, Aileen Stockburger, Dino Mauricio, Christian Roch,
Ken Meyers, and Charles Kantor, Moderated by Jeff Greene, “Enterprise
Valuation Roundtable” , Journal of Applied
Corporate Finance, Vol. 19, No. 2, Spring 2007, pp.8-38. |
|
|
|
5-26 |
Raul
Guerrero, “The Case for Real Options Made Simple”, Journal of Applied Corporate Finance, Vol. 19, No. 2, Spring 2007, pp.
39-49. |
|
|
|
5-27 |
Ian
Cooper, and Kjell G. Nyborg, “Valuing the Debt Shield”, Journal of Applied Corporate Finance, Vol. 19, No. 2, Spring 2007, pp.
50-59. |
|
|
|
5-28 |
Juliet
Estridge and Barbara Lougee, “Measuring Free Cash Flows for Equity Valuation:
Pitfalls and Possible Solutions”, Journal of
Applied Corporate Finance, Vol. 19, No. 2, Spring 2007, pp. 60-71. |
|
|
|
5-29 |
Neal M. Stoughton,
Josef Zechner, “Optimal capital allocation using
RAROC™ and EVA®”, Journal of Financial Intermediation, Vol.
16, Iss. 3, July 2007, pp. 312-342. |
|
|
|
5-30 |
Juan Carlos Gozzi, Ross
Levine, Sergio L. Schmukler, “Internationalization and the
evolution of corporate valuation”, Journal of Financial
Economics, Vol. 88, Iss. 3, June 2008, pp. 607-632. |
|
|
|
5-31 |
Larrain, Borja and Yogo,
Motohiro, “ Does Firm Value Move Too Much To BE Justified By Subsequence
Changes in Cash Flow?”, Journal of Financial Economics, Vol 87, Iss.1,
January 2008, pp. 200-226. |
|
|
|
5-32 |
Renneboog, Luc, Simons, Tomas and Wright, Mike, “Why do Public Firms
Go Private in the UK? The Impact of Private Equity Investors, Incentive
Realignment and Undervaluation”, Journal of Corporate Finance, Vol. 13, Iss.
4, September 2007, pp.591-628 |
|
|
|
5-33 |
Dai Na, “Does Investor Identity Matter? An Empirical Examination of
Investments by Venture Capital Funds and Hedge Funds in PIPEs”, Journal of
Corporate Finance, Vol. 13, Iss. 4, September 2007, pp.538-563. |
|
|
|
5-34 |
Stephen H. Penman, “Handling Valuation Models” Journal of Applied
Corporate Finance, Vol. 18, Iss.2, 2006, 48-55. |
|
|
|
5-35 |
Tom Copeland and Aaron Dolgoff, “Expectations-Based Management” Journal
of Applied Corporate Finance, Vol. 18, Iss.2, 2006, 82-97. |
|
|
|
5-36 |
Stephen F. O’Byrne and S. David Young, “Incentives and Investor
Expectations” Journal of Applied Corporate Finance, Vol. 18, Iss.2, 2006,
98-105. |
|
|
|
5-37 |
Kent Daniel and Sheridan Titman, “Market Reactions to Tangible and
Intangible Information”, The Journal of Finance, Vol.61, Iss.4, August 2006, i-2068. |
|
|
|
5-38 |
Art Durnev, E. Han Kim, “To Steal or Not to Steal: Firm Attributes,
Legal Environment, and Valuation ”, Journal of Finance, Vol.60, Iss.3,
2005, 1461-1494. |
|
|
|
5-39 |
Roger W. Mills, “Assessing Growth Estimates in IPO Valuations—A Case
Study”, Journal of Applied Corporate Finance, Vol.17, No.1, 2005, 73-78. |
|
|
|
5-40 |
Michael C. Ehrhardt, “Incorporating Competition into the APV Technique
for Valuing Leveraged Transactions”, Journal of Applied Corporate Finance,
Vol.17, No.1, 2005, 79-87. |
|
|
|
5-41 |
Michael C. Jensen, “Agency Costs of Overvalued Equity”, Financial
Management, Spring 2005, 5-19. |
|
|
|
5-42 |
Glenn D. Feltham, Grant E. Isaac, Chima Mbagwn, and Ganesb
Vaidyanathan, “Perhaps EVA Does Beat Earnings- Revisiting Previous Evidence”,
Journal of Applied Corporate Finance, Vol.16, No.1, Winter 2004, 83-88. |
|
|
|
5-43 |
Tim Breene and Patricia Anslinger, “Redefining High Performance”,
Journal of Applied Corporate Finance, Vol.16, No.1, Winter 2004, 32-36. |
|
|
|
5-44 |
John Ballow, Robert Thomas and Goran Roos, “Future Value: The $7
Trillion Challenge”, Journal of Applied Corporate Finance, Vol.16, No.1,
Winter 2004, 71-76. |
|
|
|
5-45 |
Adi Godrej, “Creating Value at a Conglomerate: The Case of the Godrej
Group”, Journal of Applied Corporate Finance, Vol.16, No.1, Winter 2004,
77-82. |
6.
風險管理
|
|
|
6-1
|
Adriano A. Rampini , Amir Sufi,
S. Viswanathan,”Dynamic risk management”, Journal
of Financial Economics,Volume 111, Issue 2, Pages 271-296 ,February 2014
|
|
|
|
6-2
|
Jess Cornaggia,” Does risk
management matter? Evidence from the U.S. agricultural industry”, Journal of
Financial Economics, Volume 109, Issue 2, Pages 419-440 , August 2013
|
|
|
|
6-3
|
Patrick Bolton, Hui Chen, Neng
Wang,” Market
timing, investment, and risk management”, Journal of Financial Economics,
Volume 109, Issue 1, Pages 40-62 ,July 2013
|
|
|
|
6-4
|
Christine A. Parlour, Andrew
Winton,” Laying off credit risk: Loan sales
versus credit default swaps”, Journal of Financial
Economics, Volume 107, Issue 1, Pages 25-45 ,January 2013
|
|
|
|
6-5
|
Kai Li, Dale Griffin, Heng Yue, Longkai Zhao,” How does culture
influence corporate risk-taking?”, Journal of Corporate Finance,Volume 23, Pages
1-22 ,December 2013
|
|
|
|
6-6
|
Adriano A. Rampini , Amir Sufi,
S. Viswanathan,”Dynamic risk management”, Journal of
Financial Economics,Volume 111, Issue 2, Pages 271-296 ,February 2014
|
|
|
ü |
6-7
|
Alessandro Beber,
Daniela Fabbri,“Who times
the foreign exchange market corporate speculation and ceo characteristics” , Journal
of Corporate Finance, Volume 18,
Issue 5, pages 1065–1087, December 2012 |
|
|
ü |
6-8
|
Zhaohui Chen, Connie X. Mao, Yong Wang, “Why Firms Issue Callable
Bonds: Hedging Investment Uncertainty”, Journal of Corporate Finance,
Sep.2010. pp.588-607. |
|
|
ü |
6-9
|
James Adams, Donald J. Smith, ”Pre-Issuance Hedging of Fixed-Rate Debt”,
Journal of Applied Corporate Finance, Vol.23, No.04, 2011., pp.102. |
|
|
|
6-10
|
Håkan Jankensgård, ”Measuring Corporate Liquidity Risk”,
Journal of Applied Corporate Finance, Vol.22, No.04, 2010, pp.103. |
|
|
|
6-11
|
Murillo Campello, Chen Lin, Yue Ma, and Hong Zou, “The Real and
Financial Implications of Corporate Hedging”, The Journal of Finance, Vol.66,
No.5, Oct.2011, pp.1579. |
|
|
|
6-12
|
Vivian W. Fang, Thomas H. Noe, Sheri Tice, “Stock market liquidity and
firm value”, Journal of Financial Economics, Vol. 94, Issue 1, October 2009, pp.150-169. |
|
|
ü |
6-13
|
Neil A. Doherty, Joan Lamm-Tennant, “Lessons from the Financial Crisis on Risk and Capital Management: The
Case of Insurance Companies “, Journal of
Applied Corporate Finance, Vol. 21, Iss. 4, Fall2009, pp.52-59. |
|
|
ü |
6-14
|
Henri Servaes, Ane Tamayo, Peter Tufano, “The Theory and Practice of Corporate Risk Management”, Journal of Applied Corporate Finance, Vol. 21, Iss. 4, Fall2009, pp. 60-78. |
|
|
|
6-15
|
Javier Estrada, “The Gain-Loss Spread:
A New and Intuitive Measure of Risk”, Journal of Applied Corporate Finance, Vol. 21, Iss. 4, Fall2009,
pp.104-114. |
|
|
ü |
6-16
|
Hong Zou, Mike B. Adams, “Corporate
Insurance and Debt: The Case of China”, Journal of Applied Corporate Finance, Vol. 21, Iss. 1, Winter2009,
pp.87-89. |
|
|
|
6-17
|
Miguel Arvelo, Ju-Lie Bell, Christian Novak, Juliette Rose and Shally
Venugopal, “Morgan Stanley’s Approach to Assessing Credit Risks in the Microfinance
Industry”, Journal of Applied Corporate Finance, Vol.
20, Iss. 1, Winter 2008, pp. 124-134. |
|
|
|
6-18
|
Rene Stulz, “Risk Management Failures: What Are They and When Do They
Happen?”, Journal of Applied Corporate Finance, Vol. 20, No. 4, Fall 2008,
pp. 39-48. |
|
|
|
6-19
|
Tim R. Adam and Chitru S. Fernando, “Can Companies Use Hedging
Programs to Profit from the Market?”, Journal of Applied Corporate Finance,
Vol. 20, No. 4, Fall 2008, pp. 86-97. |
|
|
|
6-20
|
Campbell, John Y., Hilscher, Jens, Szilagyi, Jan, “In Search of
Distress Risk”, Journal of Finance, Vol.63, Iss. 6, Dec2008, pp. 2899-2939. |
|
|
|
6-21
|
Amiyatosh Purnanandam, “Financial
distress and corporate risk management: Theory and evidence”, Journal of Financial Economics, Vol. 87, Iss. 3, March 2008,
pp.706-739. |
|
|
|
6-22
|
Ekaterina E. Emm, Gerald D. Gay, Chen-Mial-Lin, “Choices and Best
Practice in Corporate Risk Management Disclosure”, Journal of Applied
Corporate Finance, Vol.19, No.4, Fall 2007,82-93 |
|
|
|
6-23
|
Heitor Almeida and Thomas Philippon, “The Risk-Adjusted Cost of
Financial Distress”, The Journal of Finance, Dec. 2007, Vol. 62, Iss. 6, pp.
2557-2586. |
|
|
|
6-24
|
Laurel A. Franzen, Kimberly J. Rodgers, and Timothy T. Simin, “Measuring
Distress Risk: The Effect of R&D Intensity”, The Journal of Finance, Dec.
2007, Vol. 62, Iss. 6, pp.2931-2967. |
|
|
|
6-25
|
Brian W. Nocco and René M. Stulz, “Enterprise Risk Management: Theory
and Practice” Journal of Applied Corporate Finance, Vol.18, Iss.4, 2006,
8-20. |
|
|
|
6-26
|
Charles Smithson and David Mengle, “The Promise of Credit Derivatives
in Nonfinancial Corporations (and Why It’s Failed to Materialize)” Journal of
Applied Corporate Finance, Vol.18, Iss.4, 2006, 54-60. |
|
|
|
6-27
|
Stephen Gates, “Incorporating Strategic Risk into Enterprise Risk
Management: A Survey of Current Corporate Practice” Journal of Applied
Corporate Finance, Vol.18, Iss.4, 2006, 81-90. |
|
|
|
6-28
|
Stefano Caselli, Stefano Gatti and Marco Visconti “Managing M&A
Risk with Collars, Earn-outs, and CVRs” Journal of Applied Corporate Finance,
Vol.18, Iss.4, 2006, 91-104. |
|
|
|
6-29
|
Charles Smithson and Betty Simkins, “Does Risk Management Add Value?”
Journal of Applied Corporate Finance, Vol.17, No.3, 2005, 8-17. |
|
|
|
6-30
|
Christopher Culp and J.B. Heaton, “The Uses and Abuses of Finite Risk
Reinsurance”, Journal of Applied Corporate Finance, Vol.17, No.3, 2005,
18-31. |
|
|
|
6-31
|
Tom Aabo, John R. S. Fraser, Betty J. Simkins, “The Rise and Evolution
of the Chief Risk Officer: Enterprise Risk Management at Hydro One”, Journal
of Applied Corporate Finance, Vol.17, No.3, 2005, 62-75. |
|
|
|
6-32
|
Niclas Andrén, Håkan Jankensgård, Lars Oxelheim, “Exposure-Based
Cash-Flow-at-Risk: An Alternative to VaR for Industrial Companies ”,
Journal of Applied Corporate Finance, Vol.17, No.3, 2005, 76-86. |
|
|
|
6-33
|
James M. Nelson, Jacquelyn Sue Moffitt and John Affleck-Graves, “The
impact of hedging on the market value of equity”, Journal of Corporate
Finance, Vol.11, Iss.5, 2005, 851-881. |
|
|
|
6-34
|
Neil A. Doherty, “Risk Management, Risk Capital, and the Cost of
Capital”, Journal of Applied Corporate Finance, Vol.17, No.3, 2005, 119-123. |
7.
公司重組與公司控制
|
|
|
7-1
|
Fangjian Fu, Leming Lin, Micah
S. Officer,” Acquisitions driven by stock
overvaluation: Are they good deals?”, Journal of Financial Economics, Volume 109,
Issue 1, Pages 24-39 ,July 2013
|
|
|
|
7-2
|
Jeffrey Jaffe, David Pedersen, Torben
Voetmann,” Skill differences in corporate acquisitions”,
Journal of Corporate Finance,Volume 23, Pages 196-221,December 2013 |
|
☉ |
ü |
7-3
|
Isil Erel, Rose C. Liao, Michael S. Weisbach,“Determinants of Cross-Border Mergers and
Acquisitions”, The Journal of
Finance, Volume 67, Issue 3, pages 1045–1082, June 2012 |
|
|
ü |
7-4
|
Vicente Cuñat, Mireia Gine, Maria Guadalupe,“The Vote Is Cast: The Effect of Corporate
Governance on Shareholder Value” Journal of Finance, American Finance Association, vol. 67(5), pages
1943-1977, October 2012 |
|
|
ü |
7-5
|
Amy Dittmar, Di Li, Amrita Nain,“It Pays to Follow the Leader: Acquiring Targets Picked by Private
Equity” Journal of
Financial and Quantitative Analysis, Volume 47 ,Issue 5, pages 901-931, October
2012 |
|
|
ü |
7-6
|
Sudip Datta, Mark Gruskin and Mai Iskandar-Datta , “What Happens
During the Private Period?: Evidence from Public-to-Private Reverse LBOs”, Journal
of Applied Corporate Finance, Volume 24, Issue 4, pages 90–101, Fall 2012. |
|
|
ü |
7-7
|
Tsung-ming Yeh, “Do Private Equity Funds Increase Firm Value? Evidence
from Japanese Leveraged Buyouts” Journal of Applied Corporate Finance, Volume
24, Issue 4, pages 112–128, Fall 2012. |
|
|
|
7-8
|
Jerry Cao, Josh Lerner, “The performance of reverse leveraged buyouts”,
Journal of Financial Economics, Vol. 91, Iss. 2, Feb2009, pp. 139-157. |
|
|
|
7-9
|
Roman Inderst, Holger M. Mueller, “Early-stage financing and firm
growth in new industries”, Journal of Financial Economics, Vol. 93, Issue 2,
August 2009, pp. 276-291. |
|
|
|
7-10 |
Jin Q. Jeon, James A. Ligon, “How Much is Reasonable? The Size of
Termination Fees in Mergers and Acquisitions”, Journal of Corporate,
Sep.2011, pp.959-981. |
|
|
|
7-11 |
Craig H. Furfine, Richard J. Rosen, “Mergers Increase Default Risk”,
Journal of Corporate Finance, Sep.2011, pp.832-849. |
|
|
|
7-12 |
Ioannis V. Floros, Travis R. A. Sapp, “Shell Games: On the Value of
Shell Companies”, Journal of Corporate Finance |
|
|
|
7-13 |
Yue Maggie Zhou, Xiaoyang Li, JanSvejnar, “Subsidiary Divestiture and
Acquisition in A Financial Crisis: Operational Focus, Financial Constraints,
and Ownship”, Journal of Corporate Finance, pp.272-287. |
|
|
ü |
7-14 |
PengCheng Zhu, Vijay Jog, IsaacOtchere, “Partial Acquisitions in
Emerging Market: A Test of The Strategic Market Entry and Corporate Control
Hypotheses”, Journal of Corporate Finance, Apr. 2011, pp.272-287. |
|
|
|
7-15 |
Sheng-Syan Chen, and I-Ju Chen, “Nefficient Investment and the
Diversification Discount: Evidence from Corporate Asset Purchases”, Journal
of Business Finance& Accounting, Oct. 2011, pp.887-914. |
|
|
|
7-16 |
Xiao Gang Bi, and Alan Gregory, “Stock Market Driven Acquisitions
versus the Q Theory of Takeovers: The UK Evidence”, Journal of Business
Finance& Accounting, June 2011, pp.628-656. |
|
|
|
7-17 |
Andreas Behr, Frank Heid, “The Success of Bank Mergers Revisited. An
Assessment Based on a Matching Strategy”, Journal of Empirical Finance, Jan
2011, pp.117-135. |
|
|
|
7-18 |
Michael J. Mauboussin, ”Surge in the Urge to Merge: M&A Trends and
Analysis”, Journal of Applied Corporate Finance, Vol.22, No.02, 2010, pp.83. |
|
|
ü |
7-19 |
Shourun Guo, Edith S. Hotchkissm and Weihong Song, “ Do Buyouts
(Still) Create Value?”, The Journal of Finance, Vol.66, No.2, Apr.2011,
pp.479. |
|
|
|
7-20 |
Martijn Cremers, K. J.; Nair, Vinay B.; John, Kose, “Takeovers and the
Cross-Section of Returns”, Review of Financial Studies, Vol. 22, Issue 4, Apr2009,
pp.1409-1445. |
|
|
|
7-21 |
Zenner, Marc; Berkovitz, Tomer; Clark, John H.S, ” Creating Value
Through Best-In-Class Capital Allocation”, Journal of Applied Corporate
Finance, Vol. 21, Issue 4, Autumn2009, pp.89-96. |
|
|
|
7-22 |
Tim Adam, “Capital expenditures, financial constraints, and the use of
options”, Journal of Financial Economics, Vol. 92, Iss. 2, May 2009, pp.
238-251. |
|
|
|
7-23 |
Audra L. Boone, J. Harold Mulherin, “Is There One Best Way to Sell a Company? Auctions Versus Negotiations
and Controlled Sales”, Journal of Applied
Corporate Finance, Vol. 21, Iss. 3, Summer2009, pp.28-37. |
|
|
|
7-24 |
Dirk Hackbarth and Erwan Morellec, “Stock Returns n Mergers and
Acquisitions”, Journal of Finance, Vol. 63, Iss. 3, June 2008, pp. 1213-1252. |
|
|
|
7-25 |
Arnoud W.A. Boot, Radhakrishnan Gopalan, Anjan V. Thakor, “Market
Liquidity, Investor Participation, and Managerial Autonomy: Why Do Firms Go
Private?”, Journal of Finance, Vol. 63, Iss. 4, August 2008, pp. 2013-2059. |
|
|
|
7-26 |
Sukesh Patro, “The Evolution of Ownership Structure of Corporate
Spin-Offs”, Journal of Corporate Finance, Vol. 14, Iss. 5, December 2008, pp.
596-613. |
|
|
|
7-27 |
Najah Attig, Omrane Guedhami, Dev Mishra, “Multiple Large
Shareholders, Control Contests, and Implies Cost of Equity”, Journal of
Corporate Finance, Vol. 14, Iss. 5, December 2008, pp.721-737. |
|
|
|
7-28 |
David T. Robinson, “Size, Ownership and the Market for Corporate
Control”, Journal of Corporate Finance, Vol. 15, Iss. 1, February 2009, pp.
80-84. |
|
|
|
7-29 |
Evrim Akdogu, “Gaining a Competitive Edge Through Acquisitions:
Evidence from the Telecommunications Industry”, Journal of Corporate Finance,
Vol. 15, Iss. 1, February 2009, pp. 99-112. |
|
|
|
7-30 |
Jennifer E. Bethel, Gang Hu, Qinghai Wang, “ The Market for
Shareholder Voting Rights Around Mergers and Acquisitions: Evidence From
Institutional Daily Trading and Voting”, Journal of Corporate Finance, Vol.
15, Iss. 1, February 2009, pp. 129-145. |
|
|
|
7-31 |
B. Espen Eckbo, “ Bidding Strategies and Takeover Premiums: A Review”,
Journal of Corporate Finance, Vol. 15, Iss. 1, February 2009, pp. 149-178. |
|
|
|
7-32 |
Stephen L. Curtis, “Transfer Pricing for Corporate Treasury in the
Multinational Enterprise”, Journal of Applied
Corporate Finance, Vol. 20, No. 2, Spring 2008, pp. 97-112. |
|
|
|
7-33 |
Audra L. Boone and J. Harold Mulherin, “Do Auctions Induce A Winner’s
Curse? New Evidence From The Corporate Takeover Market”, Journal of
Financial Economics, Vol. 89, Iss. 1, July2008, pp.1-19. |
|
|
|
7-34 |
Ulrike Malmendier, and Geoffrey Tate, “Who Makes Acquisitions? CEO
Overconfidence and The Market’s Reaction”, Journal of Financial
Economics, Vol. 89, Iss. 1, July2008, pp. 20-43. |
|
|
|
7-35 |
Gregor Matvos, and Michael Ostrovsky, “Cross-Ownership, Returns, and
Voting in Mergers”, Journal of Financial Economics, Vol. 89, Iss.
3, Sep2008, pp. 391-403. |
|
|
|
7-36 |
Gil S. Bae, Youngsoon S. Cheon, and Jun-Koo Kang, “Intragroup
Propping: Evidence from the Stock-Price Effects of Earnings Announcements by
Korean Business Groups”, The Review of Financial Studies, Vol. 21, No. 5,
Sep2008, pp. 2015-2060. |
|
|
|
7-37 |
Laura Lindsey, “Blurring
Firm Boundaries: The Role of Venture Capital in Strategic Alliances”, The Journal of Finance, Vol. 63, Iss. 3, June 2008, pp.1137-1168 |
|
|
|
7-38 |
Donald S. Bernstein, Davis Polk & Wardwell, “Toward a New Corporate
Reorganization Paradigm”, Journal of Applied Corporate Finance, Vol.19, No.4,
Fall 2007,8-15 |
|
|
|
7-39 |
Cuny, Charles J. and Talmor, Eli, “A Theory of Private Equity Turnarounds”,
Journal of Corporate Finance, Vol. 13, Iss. 4, September 2007, pp.629-646 |
|
|
|
7-40 |
Cumming, Douglas, Siegel, Donald S. and Wright, Mike, “Private Equity,
Leveraged Buyouts and Governance”, Journal of Corporate Finance, Vol. 13,
Iss. 4, September 2007, pp. 439-460. |
|
|
|
7-41 |
Cressy, Robert, Munari, Federico, and Malipiero, Alessandro, “Playing
to Their Strengths? Evidence That Specialization in the Private Equity
Industry Confers Competitive Advantage”, Journal of Corporate Finance, Vol.
13, Iss. 4, September 2007, pp.647-669. |
|
|
|
7-42 |
Viral V. Acharya, Julian Franks, Henri Servaes, “Private Equity: Boom
and Bust?”, Journal of Applied Corporate Finance, Vol.19, No.4, Fall
2007,44-53 |
|
|
|
7-43 |
Focarelli, Dario and Pozzolo, Alberto Franco, “Cross-Border M&As
in the Financial Sector: Is Banking Different From insurance?”, Journal of
Banking and Finance, Vol. 32, Iss. 1, January 2008, pp. 15-29. |
|
|
|
7-44 |
Mark L. Sirower and Sumit Sahni, “Avoiding the
"Synergy Trap": Practical Guidance on M&A Decisions for CEOs
and Boards” Journal of Applied Corporate Finance, Vol. 18, Iss.3, 2006. |
|
|
|
7-45 |
Anand M. VIJH, “Does a Parent-Subsidiary Structure Enhance Financing
Flexibility?”, The Journal of Finance, Vol.61, Iss.3, 2006. |
|
|
|
7-46 |
Joshua D. Rauh, “Own Company Stock in Defined Contribution Pension
Plans: A Takeover Defense?” Journal of Financial Economics, Vol.81, Iss.2, August
2006, 374-410. |
|
|
|
7-47 |
Chris R. McNeil and William T. Moore, “Dismantling internal capital
markets via spinoff: effects on capital allocation efficiency and firm
valuation”, Journal of Corporate Finance, Vol.11, Iss.1-2, 2005, 253-275. |
|
|
|
7-48 |
Dieter Turowski, “The Decline and Fall of Joint Ventures: How JVs
Became Unpopular and Why That Could Change ”, Journal of Applied
Corporate Finance, Vol.17, No.2, 2005, 82-86. |
|
|
|
7-49 |
Wouter Dessein, “Information and Control in Ventures and Alliances”,
Journal of Finance, Vol.60, Iss.5, 2005, 2513-2551 |
|
|
|
7-50 |
Mara Faccio, Ronald W. Masulis, “The Choice of Payment Method in
European Mergers and Acquisitions ”, Journal of Finance, Vol.60, Iss.3,
2005, 1345-1388. |
|
|
|
7-51 |
Robert Bruner, “Where M&A Pays and Where It Strays: A Survey of
the Research”, Journal of Applied Corporate Finance, Vol.16, No.4, 2004,
63-76. |
|
|
|
7-52 |
Todd Hazelkorn and Marc Zenner, Anil Shivdasani, “Creating Value With
Mergers and Acquisitions”, Journal of Applied Corporate Finance, Vol.16,
No.2-3, Spring/Summer 2004, 81-90. |
|
|
|
7-53 |
Mahmoud Mamdani, David Noah, “Pathways to Success in M&A”, Journal
of Applied Corporate Finance, Vol.16, No.4, 2004, 77-81. |
8.
公司治理
|
|
|
8-1
|
Mario Daniele Amore, Morten
Bennedsen,” The value
of local political connections in a low-corruption environment”, Journal
of Financial Economics,Volume 110, Issue 2, Pages 387-402 ,November 2013
|
|
|
|
8-2
|
Baixiao
Liu, John J. McConnell,” The role of the media in corporate
governance: Do the media influence managers' capital allocation decisions?”, Journal of Financial Economics,Volume
110, Issue 1, Pages 1-17 ,October 2013 |
|
|
|
8-3
|
Chen
Lin, Micah S. Officer, Rui Wang, Hong Zou,” Directors' and officers' liability insurance and loan
spreads”, Journal of Financial Economics,Volume 110, Issue 1, Pages 37-60 ,October 2013 |
|
|
|
8-4
|
Miriam Schwartz-Ziv, Michael S.
Weisbach,” What do
boards really do? Evidence from minutes of board meetings”, Journal of
Financial Economics,Volume 108, Issue 2, Pages 349-366 ,May 2013
|
|
|
|
8-5
|
Andriy
Bodnaruk, Massimo Massa, Andrei Simonov,” Alliances and corporate governance”, Journal of Financial Economics,Volume
107, Issue 3, Pages 671-693 ,March 2013 |
|
|
|
8-6
|
Richard
W. Carney, Travers Barclay Child,” Changes to the ownership and
control of East Asian corporations between 1996 and 2008: The primacy of
politics”, Journal
of Financial Economics,Volume
107, Issue 2, Pages 494-513 ,February 2013 |
|
|
|
8-7
|
Joseph P.H.
Fan, Jun Huang, Ning Zhu,“Institutions, ownership structures, and distress
resolution in China Original Research Article”, Journal of Corporate Finance,Volume 23, Pages 71-87
,December 2013 |
|
|
|
8-8
|
Michael
Firth, Stephen X. Gong, Liwei Shan,” Cost of government and firm value”, Journal of
Corporate Finance,Volume
21, Pages 136-152 ,June 2013 |
|
☉ |
ü |
8-9
|
Benjamin E. Hermalin& Michael S. Weisbach, “Information Disclosure and Corporate
Governance”, Journal of Finance,
Volume 67, Issue 1, pages 195–233, February 2012 |
|
|
ü |
8-10
|
Jean Helwege, Vincent J. Intintoli, Andrew Zhang, “Voting with their feet or activism?
Institutional investors’ impact on CEO turnover”, Journal of Corporate Finance, Volume 18, Issue 1, Pages 22–37,
February 2012 |
|
|
ü |
8-11
|
David Erkens, Mingyi Hung and Pedro Matos,“Corporate Governance in the 2007-2008
Financial Crisis: Evidence from Financial Institutions Worldwide” , Journal of Corporate Finance, Volume 18,
Issue 2, Pages 389–411, April 2012 |
|
|
ü |
8-12
|
Mark J Flannery, Kristine Watson Hankins,“Estimating Dynamic Panel Models in Corporate
finance”, Journal of
Corporate Finance, Volume 19, Pages 1–19, February 2013(名稱確定無誤) |
|
|
ü |
8-13
|
Jens Hilscher, Elif Sisli Ciamarra,“Conflicts of Interest on Corporate Boards: The Effect of
Creditor-Directors on Acquisitions” , Journal of Corporate Finance, Volume 19, Pages 140–158, February
2013 |
|
|
|
8-14
|
Aiyesha Dey, Ellen Engel, Xiaohui Liu, “CEO and Board Chair Roles: To
Split or not to Split?”, Journal of Corporate Finance, Dec 2011,
pp.1595-1618. |
|
|
ü |
8-15
|
Michael Firth, Oliver M. Rui, Wenfeng Wu, “Cooking the Books: Recipes
and Costs of Falsified Financial Statements in China”, Journal of Corporate
Finance, Apr. 2011, pp.371-390. |
|
|
ü |
8-16
|
Akinobu Shuto, and Tomomi Takada, “Managerial Ownership and Accounting
Conservatism in Japan: A Test of Management Entrenchment Effect”, Journal of
Business Finance& Accounting, Aug. 2010, pp.815-840. |
|
|
|
8-17
|
Michael Ettredge, Susan Scholz, Kevin R. Smith, and Lili Sun, “How Do
Restatements Begin? Evidence of Earnings Management Preceding Restated
Financial Reports”, Journal of Business Finance& Accounting, Apr. 2010,
pp.332-355. |
|
|
|
8-18
|
MichaëlDewally, Sarah W. Peck, “Upheaval in the Boardroom: Outside Director
Public Resignations, Motivation, and Consequences”, Journal of Corporate
Finance, Feb. 2010, pp.38-52. |
|
|
|
8-19
|
Manuel Ammann, David Oesch, Markus M. Schmid, “Corporate Governance
and Firm Value: International Evidence”, Journal of Empirical Finance, Jan.
2011, pp.36-55. |
|
|
|
8-20
|
Dev R. Mishra, “Multiple Large Shareholders and Corporate Risk Taking:
Evidence from East Asia”, Corporate Governance An International Review, Nov.
2011, pp.507-528. |
|
|
|
8-21
|
Hugh Grove, Lorenzo Patelli, Lisa M. Victoravich, and Pisun (Tracy)
Xu, “Corporate Governance and Performance in the Wake of the Financial
Crisis: Evidence From US Commercial Banks”, Corporate Governance An
International Review, Sep. 2011, pp.418-436 |
|
|
|
8-22
|
Michael Pirson, and Shann Turnbull, “Corporate Governance, Risk
Management, and the Financial Crisis: An Information Processing View”,
Corporate Governance An International Review, Sep. 2011, pp.459-470. |
|
|
|
8-23
|
Gavin Nicholson, Geoffrey Kiel and Scott Kiel-Chisholm, “The
Contribution of Social Norms to the Global Financial Crisis: A Systemic Actor
Focused Model and Proposal for Regulatory Change, Corporate Governance An
International Review, Sep. 2011, pp.471-488. |
|
|
|
8-24
|
Donald Siegel, Mike Wright, and Igor Filatotchev, “Private Equity,
LBOs, and Corporate Governance: International Evidence”, Corporate Governance
An International Review, May. 2011, pp.185-194. |
|
|
|
8-25
|
Yu-Chuan Lin, Kuang S. Yeh, and Shaomin Li, “Change of Governance in
the Organization Value Chain: The Case of the High-tech Industries in Taiwan”,
Corporate Governance An International Review, Mar. 2011, pp.169-182. |
|
|
|
8-26
|
Joshua Abor, Michael Graham, and Alfred Yawson, “Corporate Governance
and Restructuring Activities Following Completed Bids, Corporate Governance
An International Review, Jan. 2011, pp.61-76. |
|
|
|
8-27
|
Peng Cheng, Walter Aerts, and Ann Jorissen, “Earnings Management,
Asset Restructuring, and the Threat of Exchange Delisting in an
Earnings-based Regulatory Regime, Corporate Governance An International Review,
Sep. 2010, pp.438-456. |
|
|
|
8-28
|
Claus Holm and Finn SchØler, ”Reduction of Asymmetric Information
Through Coporate Governance mechanisms- The Importance of Ownership
Dispersion and Exposure Toward the International Capital Market”, Corporate
Governance An International Review, Jan. 2010, pp.32-47. |
|
|
|
8-29
|
Wei-Peng Chen, Huimin Chung, Tsui-Ling Hsu, and Soushan Wu, “External
Financing Needs, Corporate Governance, and Firm Value”, Corporate Governance
An International Review, May 2010, pp.234-249. |
|
|
|
8-30
|
Roland Füss, Nico Rottke, and Joachim Zietz, ”What
Drives CEOs to Take on More Risk? Some Evidence from the Laboratory of REITs”,
Journal of Applied Corporate Finance, Vol.23, No.01, 2011, pp.92. |
|
|
|
8-31
|
Venky Nagar, Kathy Petroni, and Daniel Wolfenzon, ”Govermance Problems
in Closely Held Corporations”, Journal of Financial and Quantitative
Analysis, Vol.46, Iss.04, Sep. 2011, pp.943-966. |
|
|
|
8-32
|
Vikas Mehrotra, Dimitri van Schaik, Jaap Spronk, and Onno Steenbeek, “Creditor-Focused
Corporate Govermace: Evidence from Mergers and Acquisitions in Janpan”,
Journal of Financial and Quantitative Analysis, Vol.46, Iss.04, Sep. 2011,
pp.1051-1072. |
|
|
|
8-33
|
Kee H. Chung and Hao Zhang, ”Corporate Governance and Institutional
Ownership”, Journal of Financial and Quantitative Analysis, Vol.46, Iss.01,
Mar. 2011, pp.247-273. |
|
|
|
8-34
|
Viral V. Acharya, Stewart C. Myers, and Raghuram G. Rajan, “The
Internal Governance of Firms”, The Journal of Finance, Vol.66, No.3, June
2011, pp.689. |
|
|
|
8-35
|
Craig Doidge, G. Andrew Karolyi, Karl V. Lins, Darius P. Miller, René
M. Stulz, “Private Benefits of Control, Ownership, and
the Cross-listing Decision” , The Journal
of Finance, Vol. 64, Iss. 1, February 2009, pp.425-466. |
|
|
|
8-36
|
Sandra Betton, B. Espen
Eckbo, Karin S. Thorburn, “Merger negotiations and the toehold puzzle”,
Journal of Financial Economics, Vol. 91, Iss. 2, Feb2009, pp. 158-178. |
|
|
|
8-37
|
Robin Greenwood,
Michael Schor, “Investor activism and takeovers”, Journal of Financial
Economics, Vol. 92, Iss. 3, June 2009, pp. 362-375 |
|
|
|
8-38
|
John W. Cooney, Thomas
Moeller, Mike Stegemoller, “The underpricing of private targets”, Journal of
Financial Economics, Vol. 93, Issue 1, July 2009, pp.51-66. |
|
|
|
8-39
|
Jiaping Qiu, Fan Yu, “The
market for corporate control and the cost of debt”, Journal of Financial
Economics, Vol. 93, Issue 3, Sep2009, pp. 505-524. |
|
|
|
8-40
|
Viral V. Acharya, Conor Kehoe, Michael Reyner, “Private Equity vs. PLC Boards in the U.K.: A Comparison of Practices
and Effectiveness “, Journal of Applied
Corporate Finance, Vol. 21, Iss. 1, Winter2009, pp.45-56. |
|
|
|
8-41
|
Jay Dahya, Orlin Dimitrov, John J. McConnell, “Does Board Independence Matter in Companies with a Controlling
Shareholder? “, Journal of Applied
Corporate Finance, Vol. 21, Iss. 1, Winter2009, pp.67-78. |
|
|
|
8-42
|
Paul M. Guest, “The Determinants of Board Size and Composition:
Evidence From The UK”, Journal of Corporate Finance, Vol. 14, Iss. 1,
February 2008, pp. 51-72. |
|
|
|
8-43
|
Luc Renneboog, Tenke Ter Horst and Chendi Zhang, “ The Price of Ethics
and Stakeholder Governance: The Performance of Socially Responsible Mutual Funds”,
Journal of Corporate Finance, Vol. 14, Iss. 3, June 2008, pp. 302-322. |
|
|
|
8-44
|
Alon Brav, Wei Jiang, Frank Pratnoy, and Randall Thomas, “Hedge Fund
Activism, Corporate Governance, and Firm Performance”, Journal of Finance,
Vol. 63, Iss. 4, August 2008, pp.1729-1775. |
|
|
|
8-45
|
Klaus Gugler, Dennis C. Mueller, B. Burcin Yurtoglu, “Insider
Ownership, Ownership Concentration and Investment Performance: An
International Comparison”, Journal of Corporate Finance, Vol. 14, Iss. 5,
December 2008, pp. 688-705. |
|
|
|
8-46
|
Karen H. Wruck, “Private Equity, Corporate Governance, and the
Reinvention of the Market for Corporate Control”, Journal of Applied Corporate Finance, Vol. 20, No. 3, Summer 2008, pp.
8-21. |
|
|
|
8-47
|
E. Han Kim and Woochan Kim, “Changes in Korean Corporate Governance: A
Response to Crisis”, Journal of Applied
Corporate Finance, Vol. 20, Iss. 1, Winter 2008, pp. 47-58. |
|
|
|
8-48
|
Robert Kindler, James Gunderson, “What Public Company Directors Should
Know About Going Private”, Journal of Applied
Corporate Finance, Vol. 20, Iss. 1, Winter 2008, pp. 84-95. |
|
|
|
8-49
|
Art Durnev and E. Han Kim, “Explaining Differences in the Quality of
Governance Among Companies: Evidence from Emerging Markets”, Journal of Applied Corporate Finance, Vol. 19, No. 1, Winter 2007, pp.
16-24. |
|
|
|
8-50
|
Bartley J. Madden, “For Better Corporate Governance , The Shareholder
Value Review”, Journal of Applied Corporate Finance, Vol.
19, No. 1, Winter 2007, pp. 102-114. |
|
|
|
8-51
|
Jay Dahya, Orlin Dimitrov, and John J. McConnell, “Dominant
Shareholders, Corporate Boards, and Corporate Value: Across-Country Analysis”,
Journal
of Financial Economics, Vol. 87, Iss. 1, Jan2008, pp. 73-100. |
|
|
|
8-52
|
Stijn Claessens, Erik Feijen, and Luc Laeven, “Political Connections
and Preferential Access to Finance: The Role of Campaign Contributions”, Journal of
Financial Economics, Vol. 88, Iss. 3, June2008, pp. 554-580. |
|
|
|
8-53
|
Luc Laeven, and Ross Levine, “Complex Ownership Structures and
Corporate Valuations”, The Review of Financial Studies, Vol. 21, No. 2,
April2008, pp. 579-604. |
|
|
|
8-54
|
Bertus, Mark, Jahera, John S., and Yost, Keven, “A Note on Foreign
Bank Ownership and Monitoring: An International Comparison”, Journal of
Banking and Finance, Vol. 32, Iss. 2, February 2008, pp. 338-345. |
|
|
|
8-55
|
Dahya, Jay, Dimitrov, Orlin, and McConnell, John J., “Dominant
Shareholders, Corporate Boards, and Corporate Value: A Cross-Country Analysis”
Journal of Financial Economics, Vol. 87, Iss.1, January 2008, pp. 73-100. |
|
|
|
8-56
|
Linck, James S., Netter, Jeffry M., and Yang, Tina, “The Determinants
of Board Structure”, Journal of Financial Economics, Vol. 87, Iss. 2,
February 2008, pp. 308-328. |
|
|
|
8-57
|
Art Durnev, E. Han Kim, “Explaining Difference in the Quality of
Governance Among Companies: Evidence from Emerging Markets”, Journal of
Applied Corporate Finance, Vol.19, No.1, Winter 2007,16-24 |
|
|
|
8-58
|
Chen, Xia, Harford, Jarrad, and Li, Kai, “ Monitoring : Which
Institutions Matter?”, Journal of Financial Economics, Vol. 86, Iss. 2,
November 2007, pp. 279-305. |
|
|
|
8-59
|
Fich, Eliezer M. and Shivdasani, Anil, “Financial Fraud, Director
Reputation, and Shareholder Wealth”, Journal of Financial Economics, Vol. 86,
Iss. 2, November 2007, pp. 306-336. |
|
|
|
8-60
|
Lee Pinkowitz, Rohan Williamson, Rene Stulz, “Cash Holdings, Dividend
Policy, and Corporate Governance: A Cross-country Analysis”, Journal of Applied
Corporate Finance, Vol.19, No.1, Winter 2007,81-88 |
|
|
|
8-61
|
Liu, Qiao and Lu, Zhou (Joe), “Corporate Governance and Earnings
Management in the Chinese Listed Companies: A Tunneling Perspective”, Journal
of Corporate Finance, Vol. 13, Iss. 5, December 2007, pp.881-906. |
|
|
|
8-62
|
John J. Moon, “Public vs. Private Equity” Journal of Applied Corporate
Finance, Vol. 18, Iss.3, 2006, 76-82. |
|
|
|
8-63
|
Christian Leuz and Felix Oberholzer-Gee, “Political relationship,
global financing, and corporate transparency: Evidence from Indonesia”,
Journal of Financial Economics, Vo1.18, Iss.2, 2006, 411-439. |
|
|
|
8-64
|
Jae-Seung Baek, Jun-Koo Kang, and Inmoo Lee, “Business Groups and Tunneling: Evidence from Private Securities Offerings by
Korean Chaebols”, Journal of Finance, Vol.LXI, No.5, October 2006. |
|
|
|
8-65
|
James M. Nelson, “The “CalPERS effect” revisited again ”, Journal
of Corporate Finance, Vol.12, Iss.2, 2006, 187-213. |
|
|
|
8-66
|
Steen Thomsen, Torben Pedersen and Hans Kurt Kvist, “Blockholder
ownership: Effects on firm value in market and control based governance
systems”, Journal of Corporate Finance, Vol.12, Iss.2, 2006, 246-269. |
|
|
|
8-67
|
Peter Roosenboom and Willem Schramade, “The price of power: Valuing
the controlling position of owner–managers in French IPO firms”, Journal of
Corporate Finance, Vol.12, Iss.2, 2006, 270-295. |
|
|
|
8-68
|
Myron B. Slovin, Marie E. Sushka and John a. Polonchek, “Methods of Payment in Asset Sales: Contracting with
Equity versus Cash”, Journal of Finance, Vol.60, No.5, 2005. |
|
|
|
8-69
|
Abe de Jong, Douglas V. DeJong, Gerard Mertens and Charles E. Wasley,
“The role of self-regulation in corporate governance: evidence and
implications from The Netherlands”, Journal of Corporate Finance, Vol.11,
Iss.3, 2005, 473-503. |
|
|
|
8-70
|
Eliezer M. Fich and Lawrence J. White, “Why do CEOs reciprocally sit
on each other's boards?”, Journal of Corporate Finance, Vol.11, Iss.1-2,
2005, 175-195. |
|
|
|
8-71
|
Benjamin E. Hermalin, “Trends in Corporate Governance”, Journal of
Finance, Vol.60, Iss.5, 2005, 2351-2384. |
|
|
|
8-72
|
K. J. Martijn Cremers, Vinay B. Nair, “Governance Mechanisms and
Equity Prices”, Journal of Finance, Vol.60, Iss.6, 2005, 2859-2894. |
|
|
|
8-73
|
Bruce Haslem, “Managerial Opportunism during Corporate Litigation”,
Journal of Finance, Vol.60, Iss.4, 2005, 2013-2043. |
|
|
|
8-74
|
Theodor Baums, Kenneth E. Scott, “Taking Shareholder Protection
Seriously? Corporate Governance in the U.S. and Germany”, Journal of Applied
Corporate Finance, Vol.17, No.4, Fall 2005, 44-63. |
|
|
|
8-75
|
Henry McVey, Jason Draho, “U.S. Family-Run Companies–They May Be
Better Than You Think ”, Journal of Applied Corporate Finance, Vol.17,
No.4, Fall 2005, 134-143. |
|
|
|
8-76
|
Tom King, “Making Financial Goals and Reporting Policies Serve
Corporate Strategy: The Case of Progressive Insurance”, Journal of Applied
Corporate Finance, Vol.16, No.4, 2004, 17-26. |
|
|
|
8-77
|
Anil Shivdasani, Marc Zenner, “Best Practices in Corporate Governance:
What Two Decades of Research Reveals”, Journal of Applied Corporate Finance,
Vol.16, No.2-3, 2004, 29-41. |
|
|
|
8-78
|
Joel Stern, “Corporate Governance, EVA, and Shareholder Value”,
Journal of Applied Corporate Finance, Vol.16, No.2-3, 2004, 91-99. |
|
|
|
8-79
|
Peter Clapman, Fred Cook, Peggy Foran, Joann Lublin, Patrick McGurn,
Kevin Murphy, Myron Steele, Leo Strine, Stuart Gillan, “Weinberg Center Roundtable
on Corporate Governance and Executive Pay: Problems and Solutions”, Journal
of Applied Corporate Finance, Vol.16, No.1, Winter 2004, 51-70. |
|
|
|
8-80
|
Anil Shivdasani, and Marc Zenner, “Best Practices in Corporate
Governance: What Two Decades of Research Reveals”, Journal of Applied
Corporate Finance, Vol.16, No.2-3, Spring/Summer 2004, 29-41. |
|
|
|
8-81
|
Alexander Dyck and Luigi Zingales, “Control Premiums and the
Effectiveness of Corporate Governance Systems”, Journal of Applied Corporate
Finance, Vol.16, No.2-3, Spring/Summer 2004, 51-72. |
|
|
|
8-82
|
Gary Entwistle, Chima Mbagwu and Glenn Feltham, “Voluntary Disclosure
Practices: The Use of Pro Forma Reporting”, Journal of Applied Corporate
Finance, Vol.16, No.2-3, Spring/Summer 2004, 73-80. |
9.
員工薪資計畫
|
|
|
9-1
|
Thomas J. Chemmanur, Yingmei
Cheng, Tianming Zhang,” Human capital, capital structure,
and employee pay: An empirical analysis”, Journal of
Financial Economics,Volume 110, Issue 2, Pages 478-502 ,November 2013
|
|
|
ü |
9-2
|
Huasheng Gao, Jarrad Harford, Kai Li,“CEO Pay Cuts and Forced Turnover: Their Causes and Consequences”, Journal of Corporate Finance Volume 18,
Issue 2, Pages 291–310, April 2012 |
|
|
ü |
9-3
|
Augustine Durua, Raghavan J. Iyengarb, Ernest M. Zampelli,“Performance choice, executive bonuses and
corporate leverage”, Journal of
Corporate Finance, Volume 18, Issue 5, Pages 1286–1305, December 2012 |
|
|
|
9-4
|
Jing Chen, Mahmoud
Ezzamel, ZimingCai, “Managerial Power Theory, Tournament Theory, and Executive
Pay in China”, Journal of Corporate Finance, Sep. 2011, pp.1179-1199 |
|
|
|
9-5
|
David Veenman, Allan
Hodgson, Bart Van Praag, and Wei Zhang, “Decomposing Executive Stock Option
Exercises: Relative Information and Incentives to Manage Earnings”, Journal
of Business Finance& Accounting, June 2011, pp.536-573. |
|
|
|
9-6
|
Yenn-Ru Chen, Bong Soo
Lee, “A Dynamic Analysis of Executive Stock Options: Determinants and
Consequences”, Journal of Corporate Finance, Feb 2010, pp.88-103. |
|
|
ü |
9-7
|
Stephen F. O`Byrne and
S. David Young, “Six Factors That Explain Executive Pay (and its Problems)”,
Journal of Applied Corporate Finance, Vol.22, No.02, 2010, pp.109. |
|
|
|
9-8
|
Lucian Bebchuk and
Jesse Fried, “How to Tie Equity Compensation to Long-Term Results”, Journal
of Applied Corporate Finance, Vol.22, No.01,2010, pp.99. |
|
|
|
9-9
|
Craig Doidge, G. Andrew
Karolyi, René M. Stulz, “Has New York become less competitive than London in
global markets? Evaluating foreign listing choices over time”, Journal of
Financial Economics, Vol. 91, Iss. 3, March2009, pp. 253-277. |
|
|
|
9-10
|
Rüdiger Fahlenbrach,
René M. Stulz, “Managerial ownership dynamics and firm value”, Journal of
Financial Economics, Vol. 92, Iss. 3, June 2009, pp. 342-361. |
|
|
|
9-11
|
Bebchuk, Lucian; Cohen,
Alma; Ferrell, Allen, “What Matters in Corporate Governance?”, Review of
Financial Studies, Vol. 22, Issue 2, Feb2009, pp.783-827. |
|
|
|
9-12
|
Holderness, Clifford G.,
“The Myth of Diffuse Ownership in the United States”, Review of Financial
Studies, Vol. 22, Issue 4, Apr2009, pp.1377-1408. |
|
|
|
9-13
|
Johnson, Shane A.; Moorman,
Theodore C.; Sorescu, Sorin, “A Reexamination of Corporate Governance and
Equity Prices”, Review of Financial Studies, Vol. 22, Issue 11, Nov2009, pp.4753-4786. |
|
|
|
9-14
|
Marc Hodak, “The Hybrid Option: A
New Approach to Equity Compensation”, Journal of Applied Corporate Finance, Vol. 21, Iss. 2, Spring2009,
pp.93-99. |
|
|
|
9-15
|
M. P. Narayanan and H. Nejat Seyhun, “The Dating Game: Do Managers
Designate Option Grant Dates to Increase Their Compensation?”, The Review of
Financial Studies, Vol. 21, No. 5, Sep2008, pp.1907-1945. |
|
|
|
9-16
|
Larry C. Holland and Erick M. Elder, “Employee stock options in
compensation agreements: A financing explanation”, Journal of Corporate
Finance, Vol.12, Iss.2, 2006, 367-379. |
|
|
|
9-17
|
Carol Callaway Dee, Ayalew Lulseged and Tanya S. Nowlin, “Executive
compensation and risk: The case of internet firms”, Journal of Corporate
Finance, Vol.12, Iss.1, 2005, 80-96. |
|
|
|
9-18
|
Arthur Levitt Jr., “Corporate Culture and the Problem of
Executive Compensation”, Journal of Applied Corporate Finance, Vol.17, No.4,
Fall 2005, 41-43. |
|
|
|
9-19
|
Scott C. Linn and Daniel Park, “Outside director compensation policy
and the investment opportunity set”, Journal of Corporate Finance, Vol.11,
Iss.4, 2005, 680-715. |
|
|
|
9-20
|
Stephen O'Byrne, David Young, “Top Management Incentives and Corporate
Performance ”, Journal of Applied Corporate Finance, Vol.17, No.4, Fall
2005, 105-114. |
|
|
|
9-21
|
Lucian A. Bebchuk, Jesse M. Fried, “Pay without performance: Overview
of the issues”, Journal of Applied Corporate Finance, Vol.17, No.4, Fall
2005, 8-23. |
|
|
|
9-22
|
Nick Hudson, Karl Pichler, “Some Design Guidelines For Equity-Based
Pay”, Journal of Applied Corporate Finance, Vol.16, No.2-3, 2004, 100-110. |
|
|
|
9-23
|
Marc Hodak, “Alignment Exposed: How CEOs Are Paid, And What Their
Shareholders Get For It”, Journal of Applied Corporate Finance, Vol.16,
No.2-3, Spring/Summer 2004, 111-121. |
|
|
|
9-24
|
Brian J. Hall, “Transferable Stock Options (TSOS) and the Coming
Revolution in Equity-Based Pay”, Journal of Applied Corporate Finance,
Vol.16, No.1, Winter 2004, 8-17. |
10.
民營化
|
|
|
10-1
|
Juliet D'Souza, William Megginson and Robert Nash, “Effect of
institutional and firm-specific characteristics on post-privatization
performance: Evidence from developed countries”, Journal of Corporate
Finance, Vol.11, Iss.5, 2005, 747-766. |
|
|
|
10-2
|
Narjess Boubakri, Jean-Claude Cosset and Omrane Guedhami,
“Liberalization, corporate governance and the performance of privatized firms
in developing countries”, Journal of Corporate Finance, Vol.11, Iss.5, 2005,
767-790. |
|
|
|
10-3
|
Varouj A. Aivazian, Ying Ge and Jiaping Qiu, “Can corporatization
improve the performance of state-owned enterprises even without
privatization?”, Journal of Corporate Finance, Vol.11, Iss.5, 2005, 791-808. |
|
|
|
10-4
|
Nandini Gupta, “Partial Privatization and Firm Performance”, Journal
of Finance, Vol.60, Iss.2, 2005, 987-1016. |
11.
其他
|
|
|
11-1
|
Joseph
D. Piotroski, Tianyu Zhang,” Politicians and the IPO decision:
The impact of impending political promotions on IPO activity in China”, Journal of Financial Economics,Volume 111, Issue 1, Pages 111-136 ,January 2014 |
||||
|
|
|
11-2
|
Xin
Deng, Jun-koo Kang, Buen Sin Low,” Corporate social responsibility and stakeholder value
maximization: Evidence from mergers”, Journal
of Financial Economics,Volume 110, Issue 1,
Pages 87-109 ,October 2013 |
||||
|
|
|
11-3
|
Itay
Goldstein, Emre Ozdenoren, Kathy Yuan,” Trading frenzies and their impact
on real investment”, Journal
of Financial Economics, Volume 109, Issue 2, Pages 566-582 , August 2013 |
||||
|
|
|
11-4
|
Yuanzhi
Li,” A nonlinear wealth transfer from shareholders to creditors
around Chapter 11 filing”, Journal of Financial Economics, Volume 107, Issue 1, Pages 183-198
,January 2013 |
||||
|
|
|
11-5
|
Jia He,
Xinyang Mao, Oliver M. Rui, Xiaolei Zha,” Business groups in China”, Journal of Corporate Finance,Volume
22, Pages 166-192 ,September 2013 |
||||
|
|
ü |
11-6
|
Martin Reeves, Knut Haanaes, Claire Love and Simon Levin, “Sustainability
as Adaptability ”Journal of Applied Corporate Finance, Volume 24, Issue 2,
pages 14–22, Spring 2012 |
||||
|
|
|
11-7
|
Katherine W. Parrot and Brian X. Tierney “Integrated Reporting,
Stakeholder Engagement, and Balanced Investing at American Electric Power” Journal
of Applied Corporate Finance, Volume 24, Issue 2, pages 27–37, Spring 2012. |
||||
|
|
ü |
11-8
|
Susan Mac Cormac and Heather Haney, “New Corporate Forms: One Viable
Solution to Advancing Environmental Sustainability ” Journal of Applied
Corporate Finance, Volume 24, Issue 2, pages 49–56, Spring 2012 |
||||
|
|
ü |
11-9
|
Wolf Wngner, “Divestment, Entrepreneurial Incentives, and the Life
Cycle of the Firm”, Journal of Business Finance& Accounting, Jun.2010,
pp.591-611. |
|
|||
|
|
|
11-10 |
Kathryn L. Dewenter, Chang-Soo Kim, WalterNovaes, “ Anatomy of A
Regulatory Race to The Top: Changes in Delisting Rules at Korea`s Two Stock
Exchanges, 1999 |
|
|||
|
|
|
11-11 |
Ming-Yuan Leon Li, Peter Miu, “A hybrid bankruptcy prediction model
with dynamic loadings on accouting-ratio-based and market-based information:
A binary quantile regression approach”, Journal of Empirical Finance, Sep.
2010, pp.818-833. |
|
|||
|
|
|
11-12 |
Edward I. Altman, Herbert A. Rijken, “ Toward a Bottom-Up Approach to
Assessing Sovereign Default Risk”, Journal of Applied Corporate Finance,
Vol.23, No.01, 2011, pp.20. |
|
|||
|
|
|
11-13 |
The Squam Lake Group, ”The Squam Lake Report:Fixing the Financial
System”, Journal of Applied Corporate Finance, Vol.22, No.03, 2010, pp.08. |
|
|||
|
|
|
11-14 |
Kenneth E. Scott, “The Financial Crisis: Causes and Lessons”, Journal
of Applied Corporate Finance, Vol.22, No.03, 2010, pp.22. |
|
|||
|
|
|
11-15 |
Charles I. Plosser, “Convertible Securities and Bankruptcy Reforms:
Addressing Too Big to Fail and Reducing the Fragility of the Financial System”,
Journal of Applied Corporate Finance, Vol.22, No.03, 2010, pp.30. |
|
|||
|
|
|
11-16 |
Kenneth A. Posner, ”Thoughts on The Squam Lake Report: Reengineering
the Financial System to Better Withstand Extreme Volatility”, Journal of
Applied Corporate Finance, Vol.22, No.03, 2010, pp.34. |
|
|||
|
|
|
11-17 |
Andres Almazan, Adolfo De Motta, Sheridan Titman, and Vahap Uysal, ”Financial
Structure, Acquisition Opportunities, and Firm Locations” The Journal of
Finance, Vol.65, No.2 Apr. 2010, pp.495. |
|
|||
|
|
|
11-18 |
Paul Povel, and Rajdeep Singh, ”Stapled Finance”, The Journal of
Finance, Vol. 65, No.3, June 2010, pp.927. |
|
|||
|
|
|
11-19 |
Edward I. Altman, Tushar Kant, Thongchai Rattanaruengyot, “Post-Chapter 11 Bankruptcy Performance: Avoiding Chapter 22 “, Journal of Applied Corporate Finance, Vol. 21, Iss. 3, Summer2009,
pp.53-64. |
|
|||
|
|
|
11-20 |
Vojislav Maksimovic and Gordon Phillips, “The Industry Life Cycle,
Acquisitions and Investment: Does Firm Organization Matter?”, Journal of
Finance, Vol. 63, Iss. 2, April 2008, pp.673-708. |
|
|||
|
|
|
11-21 |
Eisfeldt, Andrea L. and Rampini, Adriano, “Managerial Incentives,
Capital Reallocation, and the Business Cycle”, Journal of Financial
Economics, Vol.87, Iss.1, January 2008, pp.177-199. |
|
|||
|
|
|
11-22 |
Morten Sorensen, “How Smart Is Smart Money? A Two-Sided Matching Model
of Venture Capital”, Th Journal of Finance, Dec. 2007, Vol. 62, Iss. 6, pp.
2725-2762. |
|
|||
|
|
|
11-23 |
Arturo Bris, Ivo Welch and Ning Zhu, “The Costs of Bankruptcy: Chapter
7 Liquidation Versus Chapter 11 Reorganization”, The Journal of Finance, Vol.61,
No.3, June 2006. |
|
|||
The McKinsey
Quarterly
|
|
00-1
|
How Chinese companies can succeed abroad |
|
|
00-2
|
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|
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00-3
|
|
|
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00-4
|
Special collection: What CFOs do |
|
|
00-5
|
|
|
|
00-6
|
A better way to understand TRS |
|
|
00-7
|
|
|
|
00-8
|
|
|
|
00-9
|
|
|
|
00-10 |
|
|
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00-11 |