公司财务实证研究：重点文献导读
陆正飞 岳衡 祝继高
中国人民大学出版社
本书的结构：
巴厘岛恋人
公司财务综述
专题1：资本结构
[1] Baker, M., and J. Wurgler, 2002, “Market Timing and Capital Structure”, Journal of Finance 57, 1-32.
[2] Frank, M., and V. Goyal, 2003, “Testing the Pecking Order Theory of Capital Structure”, Journal of Financial Economics 67, 217-248.
[3] Graham, J, 2000, “How Big are the Tax Benefits of Debt?”, Journal of Finance 55, 1901-1941.
[4] Rajan, R.G., and L. Zingales, 1995, “What do we know about capital structure? Some evidence from international data”, Journal of Finance 50, 1421-1460.
专题2：投资理论
[5] Parrino R., and M. S. Weisbach, 1999, “Measuring investment distortions arising from stockholder-bondholder conflicts”, Journal of Financial Economics 53, 3-42.
[6] Richardson S., 2006, “Over-investment of free cash flow”, Review of Accounting Studies 11, 159-189.
[7] Kaplan, S., and L. Zingales, 1997, “Do investment-cash nsitivities provide uful measures of financing constraints?”, Quarterly Journal of Economics 112, 169-215.
[8] Lang, Larry, Eli Ofek, and Rene Stulz, 1996, “Leverage, investment, and firm growth”, Journal of Financial Economics 40, 3-30.
专题3：融资理论梦见捡到金戒指
[9] Aharony J., J. C. W. Lee, and T. J. Wong, 2000, Financial Packaging of IPO Firms in China, Journal of Accounting Rearch 38, 103-127.
[10] Loughran, T., and J. Ritter, 1995, “The new issues puzzle”, Journal of Finance 50, 23-51.
[11] Fama, E., and K. French, 2005, “Financing decisions: Who issues stock?” Journal of Financial Economics 76 (3), 549-582.
[12] Pagano M., F. Panetta, and L. Zingales, 1998, “Why do companies go public? An empirical analysis”, Journal of Finance 53, 27-64
专题4：股利政策
[13] Benartzi, S., R. Michaely, and R. Thaler, 1997, “Do Changes in Dividends Signal the Future or the Past?”, Journal of Finance 52, 1007-1033.
[14] Fama, E., and K. French, 2001, “Disappearing Dividends: Changing Firm Chara
cteristics or Lower Propensity to Pay?”, Journal of Financial Economics 60, 3-43.
[15] Brav, A., J. R. Graham, C. R. Harvey, and R. Michaely, 2005, “Payout policy in the 21农家有子st century”, Journal of Financial Economics 77, 483-527.
[16] Healy, P. and K. Palepu, 1988, “Earnings Information Conveyed by Dividend Initiations and Omissions”, Journal of Financial Economics 21, 149-175.
专题5：公司治理
[17] Anderson R. C., and S. A. Mansi, 2004, “Board characteristics, accounting report integrity, and the cost of debt”, Journal of Accounting and Economics 37, 315-342
[18] La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. Vishny, 2000, “Investor Protection and Corporate Governance”, Journal of Financial Economics 58, 3-27.
茅庵[19] Ferris, S., M. Jagannathan, and A. Pritchard, 2003, “Too Busy to Mind the Business?
农村的
Monitoring by Directors with Multiple Board Appointments”, Journal of Finance 58, 1087-1112.
[20] Ronstein, S., and J. Wyatt, 1997, “Inside Directors, Board Effectiveness, and Shareholder Wealth”, Journal of Financial Economics 44, 229-248.
专题6：管理层薪酬
[21] Core, J.E., Wayne R. Guay and Robert E. Verrecchia. 2003. Price versus Non-Price Performance Measures in Optimal CEO Compensation Contracts. The Accounting Review, Vol. 78, No. 4 , 957-981.
杨幂白浅
[22] M. Jenn and K. Murphy, 1990. Performance pay and top management incentives, Journal of Political Economy 98 , 225-264.
[23] Banker, Rajiv D., Huang, Rong and Natarajan, Ramachandra (Ram), Incentive Contracting and Value-Relevance of Earnings and Cash Flows. Journal of Accounting Rearch, Vol. 47, No. 3, pp. 647-678, June 2009.
[24] Bergstresr, D. and T. Philippon, 2006. CEO Incentives and Earnings Management, 2006, Journal of Financial Economics 80, 511-530.
大黄副作用专题7：公司多元化与内部市场
[25] Berger, P. and E. Ofek, 1995. Diversification’s effect on firm value, Journal of Financial Economics 37, 39-65.
[26] Rajan, R., H. Servaes, and L. Zingales, 2000. The Cost of Diversity: The Diversification discount and Inefficient Investment, Journal of Finance 55, 35-80.
[27] Burch, T.R. and V. Nanda, 2003. Divisional diversity and the conglomerate discount: evidence from spinoffs. Journal of Financial Economics 70 (1), 69-98.
[28] Campa, J.M and S. Kedia. 2002. An帅哥头像图片 Explaining the Diversification Discount. Journal of Finance, August, 1731-1762.
专题8：公司并购
[29] Fee, E. and S. Thomas, 2004. Sources of Gains in Horizontal Mergers: Evidence from Customer, Supplier and Rival Firms, Journal of Financial Economics 73, 423-460.
[30] Malmendier, U. and Geoffrey Tate. 2008. Who makes acquisitions? CEO overconfidence and the market's reaction. Journal of Financial Economics, 89 (1), 20-43.
[31] Bargeron, L., F. P. Schlingemann, R. M. Stulz and C. Zutter, 2008. Why Do Private Acquirers Pay So Little Compared to Public Acquirers, Journal of Financial Economics 89, 375-390.
专题9：公司重组
[32] Acharya, V.V., S. T. Bharath and A. Srinivasan. 2007. Does industry-wide distress affect defaulted firms? Evidence from creditor recoveries Journal of Financial Economics, Volume 85, Issue 3, 787-821
