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題名:Cross-Listing and the Value of Cash Holdings: Evidence from Chinese Cross-Listed Firms
書刊名:會計學報
作者:簡艾瑪蔡函芳黃明燕洪榮華 引用關係
作者(外文):Imamah, NurTsai, Han-fangVong, Minh YenHung, Jung-hua
出版日期:2017
卷期:7:1
頁次:頁1-49
主題關鍵詞:跨境上市現金持有價值財務限制代理問題Cross-listingValue of cash holdingsFinancial constraintsAgency problems
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:0
  • 點閱點閱:4
期刊論文
1.Faulkender, Michael、Wang, Rong(2006)。Corporate Financial Policy and the Value of Cash。The Journal of Finance,61(4),1957-1990。  new window
2.Almeida, Heitor、Campello, Murillo、Weisbach, Michael S.(2004)。The cash flow sensitivity of cash。Journal of Finance,59(4),1777-1804。  new window
3.Pinkowitz, Lee、Stulz, René M.、Williamson, Rohan(2006)。Does the contribution of corporate cash holdings and dividends to firm value depend on governance? A cross-country analysis。Journal of Finance,61(6),2725-2751。  new window
4.Frésard, L.、Salva, C.(2010)。The Value of Excess Cash and Corporate Governance: Evidence from US Cross-Listings。Journal of Financial Economics,98(2),359-384。  new window
5.Jensen, M.(1986)。Agency Costs of the Free Cash Flow, Corporate Finance and Takeovers。American Economic Review,76(3),323-329。  new window
6.Sun, Q.、Tong, W. H. S.、Wu, Y.(2013)。Overseas Listing as a Policy Tool: Evidence from China's H-shares。Journal of Banking and Finance,37(5),1460-1474。  new window
7.Firth, M.、Malatesta, P. H.、Xin, Q.、Xu, L.(2012)。Corporate Investment, Government Control, and Financing Channels: Evidence from China's Listed Companies。Journal of Corporate Finance,18(3),433-450。  new window
8.Liu, Q.、Lu, Z.(2007)。Corporate governance and earnings management in the Chinese listed companies: A tunneling perspective。Journal of Corporate Finance,13,881-906。  new window
9.Berkman, H.、Cole, R. A.、Fu, L. J.(2009)。Expropriation through Loan Guarantees to Related Parties: Evidence from China。Journal of Banking and Finance,33(1),141-156。  new window
10.Harford, Jarrad(1999)。Corporate Cash Reserves and Acquisitions。The Journal of Finance,54(6),1969-1997。  new window
11.Chen, S. M.、Sun, Z.、Tang, S.、Wu, D. H.(2011)。Government intervention and investment efficiency: Evidence from China。Journal of Corporate Finance,17(2),259-271。  new window
12.Kim, Chang-Soo、Mauer, David C.、Sherman, Ann E.(1998)。The determinants of corporate liquidity: theory and evidence。Journal of Financial and Quantitative Analysis,33(3),335-359。  new window
13.Stulz, René M.(1999)。Globalization, corporate finance, and the cost of capital。Journal of Applied Corporate Finance,12(3),8-25。  new window
14.Kalcheva, Ivalina、Lins, Karl V.(2007)。International Evidence on Cash Holdings and Expected Managerial Agency Problems。The Review of Financial Studies,20(4),1087-1112。  new window
15.Jung, K.、Kim, Y. C.、Stulz, R. M.(1996)。Timing, Investment Opportunities, Managerial Discretion, and the Security Issue Decision。Journal of Financial Economics,42(2),159-186。  new window
16.Luo, M.(2011)。A bright side of financial constraints in cash management。Journal of Corporate Finance,17(5),1430-1444。  new window
17.Ayyagari, M.、Doidge, C.(2010)。Does cross-listing facilitate changes in corporate ownership and control?。Journal of Banking & Finance,34(1),208-223。  new window
18.Bates, T. W.、Kahle, K. M.、Stulz, R. M.(2009)。Why do US firms hold so much more cash than they used to?。The Journal of Finance,64(5),1985-2021。  new window
19.Bums, N.、Francis, B. B.、Hasan, I.(2007)。Cross-listing and legal bonding: Evidence from mergers and acquisitions。Journal of Banking & Finance,31(4),1003-1031。  new window
20.Cull, R.、Li, W.、Sun, B.、Xu, L. C.(2014)。Government connections and financial constraints: evidence from a large representative sample of Chinese firms。Journal of Corporate Finance。  new window
21.Coffee, J. C. Jr.(2002)。Racing towards the top? The impact of cross-listings and stock market competition on corporate governance。Columbia Law Review,102,1757-1831。  new window
22.Coffee, J. C. Jr.(1999)。The future as history: The prospects for global convergence in corporate governance and its implications。Northwestern University Law Review,93,641-708。  new window
23.Chen, D.、Li, S.、Xiao, J. Z.、Zou, H.(2014)。The effect of government quality on corporate cash holdings。Journal of Corporate Finance,27,384-400。  new window
24.Drobetz, W.、Grüninger, M. C.、Hirschvogl, S.(2010)。Information asymmetry and the value of cash。Journal of Banking & Finance,34(9),2168-2184。  new window
25.Huang, Y.、Elkinawy, S.、Jain, P. K.(2013)。Investor protection and cash holdings: Evidence from US cross-listing。Journal of Banking & Finance,37,937-951。  new window
26.Hung, M.、Wong, T. J.、Zhang, T. Y.(2012)。Political considerations in the decision of Chinese SOEs to list in Hong Kong。Journal of Accounting and Economics,53,435-449。  new window
27.Karolyi, G. A.(2012)。Corporate governance, agency problems and international cross-listings: A defense of the bonding hypothesis。Emerging Markets Review,13,516-547。  new window
28.Kornai, Janos(1979)。Resource-Constrained Versus Demand-Constrained Systems。Econometrica,47(4),801-819。  new window
29.Lang, M. H.、Lins, K. V.、Miller, D. P.(2003)。ADRs, analysts, and accuracy: does cross listing in the US improve a firm's information environment and increase market value?。Journal of Accounting Research,41,317-346。  new window
30.Kyröläinen, P.、Tan, I.、Karjalainen, P.(2013)。How creditor rights affect the value of cash: A cross-country study。Journal of Corporate Finance,22,278-298。  new window
31.Komai, Janos(2001)。Hardening the budget constraint: the experience of the postsocialist countries。European Economic Review,45(9),1573-1599。  new window
32.Megginson, W. L.、Ullah, B.、Wei, Z.(2014)。State ownership, soft-budget constraints, and cash holdings: Evidence from China's privatized firms。Journal of Banking & Finance。  new window
33.Liu, Yixin、Mauer, David C.(2011)。Corporate cash holdings and CEO compensation incentives。Journal of Financial Economics,102(1),183-198。  new window
34.Poncet, S.、Steingress, W.、Vandenbussche, H.(2010)。Financial constraints in China: firm-level evidence。China Economic Review,21(3),411-422。  new window
35.Myers, S.、Majluf, N.(1984)。Corporate financing decisions when firms have investment information that investors do not。Journal of Financial Economics,13,187-221。  new window
36.Qian, M.、Yeung, B. Y.(2014)。Bank financing and corporate governance。Journal of Corporate Finance。  new window
37.Zhang, C. X.、King, T. D.(2010)。The decision to list abroad: The case of ADRs and foreign IPOs by Chinese companies。Journal of Multinational Financial Management,20,71-92。  new window
38.Dittmar, Amy K.、Mahrt-Smith, Jan、Servaes, Henri(2003)。International Corporate Governance and Corporate Cash Holdings。Journal of Financial and Quantitative Analysis,38(1),111-133。  new window
39.Harford, Jarrad、Mansi, Sattar A.、Maxwell, William F.(2008)。Corporate governance and firm cash holdings in the US。Journal of Financial Economics,87(3),535-555。  new window
40.Myers, Stewart C.、Rajan, Raghuram G.(1998)。The Paradox of Liquidity。Quarterly Journal of Economics,113(3),733-771。  new window
41.Fazzari, Steven M.、Hubbard, R. Glenn、Petersen, Bruce C.、Blinder, Alan S.、Poterba, James M.(1988)。Financing constraints and corporate investment。Brookings Papers on Economic Activity,1988(1),141-206。  new window
42.Kaplan, Steven N.、Zingales, Luigi(1997)。Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?。The Quarterly Journal of Economics,112(1),169-215。  new window
43.Denis, David J.、Sibilkov, Valeriy(2010)。Financial Constraints, Investment, and the Value of Cash Holdings。The Review of Financial Studies,23(1),247-269。  new window
44.Dittmar, Amy、Mahrt-Smith, Jan(2007)。Corporate Governance and the Value of Cash Holdings。Journal of Financial Economics,83(3),599-634。  new window
45.Opler, Tim、Pinkowitz, Lee、Stulz, René M.、Williamson, Rohan(1999)。The determinants and implications of corporate cash holdings。Journal of Financial Economics,52(1),3-46。  new window
46.Jensen, Michael C.、Meckling, William H.(1976)。Theory of the firm: Managerial behavior, agency costs and ownership structure。Journal of Financial Economics,3(4),305-360。  new window
研究報告
1.LaPorta, R. L.、Lopez-de-Silane, F.、Shleifer, A.、Vishny, R.(1998)。Agency problems and dividend policies around the world。  new window
圖書
1.Komai, Janos(1980)。Economics of shortage。North-Holland Publishing Company。  new window
2.Morrison, W. M.(2014)。China's economic rise: History, trends, challenges, and implications for the United States。  new window
3.Roberge, M.、Lee, Y.(2009)。China-Taiwan Relations。Backgrounder。  new window
 
 
 
 
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