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題名:政治獻金對臺灣公司股票報酬之影響
書刊名:臺灣銀行季刊
作者:陳信憲 引用關係陳雯香
出版日期:2011
卷期:62:2
頁次:頁275-287
主題關鍵詞:上市公司股票報酬政治獻金
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:9
  • 點閱點閱:2
本文主要的研究目的在探討政治獻金對臺灣公司股票報酬之影響。以臺灣上市公司為研究樣本,觀察2004年4月迄2008年12月期間,剖析臺灣政治獻金公司具有的基本特性,並與美國政治獻金公司相比較。接著,利用多元迴歸分析檢視政治獻金與公司股票報酬之關係。實證顯示,臺灣政治獻金公司具較大規模、較高舉債程度、較低市價淨值比以及較高前期報酬之特性;而迴歸結果指出,政治獻金與公司股票報酬呈現正向相關。此外,依據公司政治獻金的對象代表該公司的政黨偏好,並將公司分為藍綠兩派;結果發現,同時捐款給藍綠兩黨之公司具有較高的股票報酬。
期刊論文
1.Ansolabehere, Stephen、de Figueiredo John M.、Snyder James M. Jr.(2003)。Why Is There so Little Money in U.S. Politics。Journal of Economic Perspectives,17,105-130。  new window
2.Jayachandran, Seema(2006)。The Jeffords Effect。Journal of Law and Economics,49(2),397-425。  new window
3.Knight, Brian(2006)。Are Policy Platforms Capitalized into Equity Prices? Evidence from the Bush/Gore 2000 Presidential Election。Journal of Public Economics,90(4/5),751-773。  new window
4.葉俊榮(20030600)。民主轉型與金錢政治的法律因應。國家發展研究,2(2),1-29。new window  延伸查詢new window
5.Grier, Kevin B.、Munger, Michael C.(1991)。Committee Assignments, Constituent Preferences, and Campaign Contributions。Economic Inquiry,29(1),24-43。  new window
6.Faccio, M.(2006)。Politically Connected Firms。The American Economic Review,96(1),369-386。  new window
7.張琬喻(20050400)。政商網絡的建立必然使企業獲利嗎?。管理學報,22(2),155-172。new window  延伸查詢new window
8.Cooper, Michael J.、Gulen, Huseyin、Ovtchinnikov, Alexei V.(2010)。Corporate Political Contributions and Stock Returns。Journal of Finance,65(2),687-724。  new window
9.Roberts, Brian E.(1990)。A Dead Senator Tells No Lies: Seniority and the Distribution of Federal Benefits。American Journal of Political Science,34(1),31-58。  new window
10.Ansolabehere, S.、Snyder, J. M. Jr(1999)。Money and institutional power。Texas Law Review,77,1673-1704。  new window
11.Ansolabehere, S.、Snyder, J. M. Jr.、Ueda, M.(2004)。Did Firms Profit from Soft Money?。Election Law Journal,3,193-198。  new window
12.Faccio, M.、Parsley, D. C.(2009)。Sudden deaths: Taking stock of political connections。Journal of Financial and Quantitative Analysis,44,683-718。  new window
13.Goldman, E.、Rocholl, J.、So, J.(2009)。Do Politically Connected Boards Affect Finn Value?。The Review of Financial Studies,22,2331-2360。  new window
14.Romer, T.、Snyder, J. M. Jr(1994)。An empirical investigation of the dynamics of PAC contributions。American Journal of Political Science,38,745-769。  new window
15.Snyder, J. M. Jr(1980)。Campaign contributions as investments: The House of Representatives, 1980-1986。Journal of Political Economy,98,1195-1227。  new window
16.Faccio, Mara、Masulis, Ronald W.、McConnell, John J.(2006)。Political connections and corporate bailouts。Journal of Finance,61(6),2597-2635。  new window
17.Fisman, Raymond(2001)。Estimating the Value of Political Connections。The American Economic Review,91(4),1095-1102。  new window
18.Kroszner, R. S.、Stratmann, T.(1998)。Interest-Group Competition and the Organization of Congress: Theory and Evidence from Financial Services' Political Action Committees。American Economic Review,88(5),1163-1187。  new window
研究報告
1.Agrawal, A.、Knoeber, C. R.(1999)。Outside directors, politics, and firm performance。North Carolina State University。  new window
2.Shon, J.(2004)。Stock returns and campaign contributions: The Bush vs. Gore 2000 Presidential Elections。  new window
學位論文
1.周明徹(2005)。政商關係對企業價值的影響(碩士論文)。國立清華大學。  延伸查詢new window
2.林佑聰(2003)。政商關係與股東財富(碩士論文)。國立臺灣科技大學。  延伸查詢new window
3.陳佳斌(2002)。董事會之政治角色--以100家上市公司為例(碩士論文)。國立中山大學。  延伸查詢new window
其他
1.洪一均(20100307)。看線論股/未來三周進入築底期。  延伸查詢new window
2.胡珊珊(20100303)。臺灣股票市場概況之八:當前問題,http://big5.chmataiwan.org/jinrong/zjzl/201003/t20100303_1270190.htm/。  延伸查詢new window
3.溫貴香(20080814)。陳水扁:部分選舉結餘款吳淑珍匯往海外,http://ii.yam.com/cna/politics/200808/20080814140809.html/。  延伸查詢new window
 
 
 
 
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