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題名:Ex Ante and Ex Post Overvalued Equities: The Roles of Corporate Governance and Product Market Competition
書刊名:Asia Pacific Management Review
作者:Kao, LanfengChen, AnlinLu, Cheng-shou
出版日期:2018
卷期:23:3
頁次:頁209-221
主題關鍵詞:Corporate governanceEarnings managementOver-valued equitiesPrice-earnings valuationProduct market competition
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)
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  • 共同引用共同引用:0
  • 點閱點閱:7
期刊論文
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4.Chi, J.、Gupta, M.(2009)。Overvaluation and earnings management。Journal of Banking and Finance,33(9),1652-1663。  new window
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6.Marciukaityte, D.、Varma, R.(2008)。Consequences of overvalued equity: Evidence from earnings manipulation。Journal of Corporate Finance,14(4),418-430。  new window
7.Jensen, M. C.(2005)。Agency Costs of Overvalued Equity。Financial Management,34(1),5-19。  new window
8.Chen, A.、Kao, L.、Lu, C.-S.(2014)。Controlling Ownership and Firm Performance in Taiwan: The Role of External Competition and Internal Governance。Pacific-Basin Finance Journal,29(1),219-238。  new window
9.Houmes, R. E.、Skantz, T. R.(2010)。Highly valued equity and discretionary accruals。Journal of Business Finance and Accounting,37(1/2),60-92。  new window
10.Tsai, C.-C.、Wu, C.-C.、Chang, R.-D.(2012)。Effects of overvalued equity and managerial incentives on corporate policy。Emerging Markets Finance & Trade,48(Supplement 1),74-87。  new window
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15.Irvine, Paul J.、Pontiff, Jeffrey(2009)。Idiosyncratic return volatility, cash flows, and product market competition。The Review of Financial Studies,22(3),1149-1177。  new window
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18.Bergstresser, Daniel、Philippon, Thomas(2006)。CEO incentives and earnings management。Journal of Financial Economics,80(3),511-529。  new window
19.Desai, H.、Rajgopal, S.、Venkatachalam, M.(2004)。Value-glamour and accruals mispricing: One anomaly or two?。The Accounting Review,79(2),355-385。  new window
20.Kao, Lan-Feng、Chen, An-Lin(2013)。How product market competition affects dividend payments in a weak investor protection economy: evidence from Taiwan。Pacific- Basin Finance Journal,25(1),21-39。  new window
21.Fairfield, P. M.、Whisenant, J. S.、Yohn, T. L.(2003)。Accrued earnings and growth: Implications for future profitability and market mispricing。The Accounting Review,78(1),353-371。  new window
22.Badertscher, B. A.(2011)。Overvaluation and the choice of alternative earnings management mechanisms。The Accounting Review,86(5),1491-1518。  new window
23.Chen, An-Lin、Kao, Lan-Feng、Tsao, Mei-Lan、Wu, Chin-Shun(2007)。Building a Corporate Governance Index from the Perspectives of Ownership and Leadership for Firms in Taiwan。Corporate Governance: An International Review,15(2),251-261。  new window
24.Hoberg, Gerard、Phillips, Gordon(2010)。Product market synergies and competition in mergers and acquisitions: A text-based analysis。The Review of Financial Studies,23(10),3773-3811。  new window
25.Skinner, Douglas J.、Sloan, Richard G.(2002)。Earnings surprises, growth expectations, and stock returns or don't let an earnings torpedo sink your portfolio。Review of Accounting Studies,7(2/3),289-312。  new window
26.Beneish, Messod D.、Vargus, Mark E.(2002)。Insider Trading, Earnings Quality, and Accrual Mispricing。Accounting Review,77(4),755-791。  new window
27.Chen, Anlin、Kao, Lanfeng(20160300)。External Competition and Internal Governance on Stock Options Plans: Evidence from Taiwan。Asia Pacific Management Review,21(1),18-25。new window  new window
28.Dong, Ming、Hirshleifer, David、Teoh, Siew Hong(2012)。Overvalued equity and financing decisions。Review of Financial Studies,25(12),3645-3683。  new window
29.Gilchrist, S.、Himmelberg, C. P.、Huberman, G.(2005)。Do stock price bubbles influence corporate investment?。Journal of Monetary Economics,52(4),805-827。  new window
30.Gursoy, G.、Yuksel, A.、Yuksel, A.(2008)。Trading volume and stock market volatility: Evidence from emerging stock markets。Investment Management and Financial Innovations,5(4),200-210。  new window
31.Graham, J. R.、Harvey, C. R.、Rajgopal, S.(2006)。Value destruction and financial reporting decisions。Financial Analysts Journal,62(6),27-39。  new window
32.Michelfelder, R. A.、Pandya, S.(2005)。Volatility of stock returns: Emerging and mature markets。Managerial Finance,31(2),66-86。  new window
33.Shiller, Robert J.(2000)。Irrational exuberance。Philosophy and Public Policy Quarterly,20(1),18-23。  new window
34.Claessens, Stijn、Djankov, Simeon、Lang, Larry H. P.(2000)。The Separation of Ownership and Control in East Asian Corporations。Journal of Financial Economics,58(1/2),81-112。  new window
35.Klein, April(2002)。Audit committee, board of director characteristics, and earnings management。Journal of Accounting and Economics,33(3),375-400。  new window
36.Titman, Sheridan、Wei, Kuo-Chiang John、Xie, Feixue(2004)。Capital investments and stock returns。Journal of Financial and Quantitative Analysis,39(4),677-700。  new window
37.Rhodes-Kropf, Matthew、Robinson, David T.、Viswanathan, S.(2005)。Valuation waves and merger activity: The empirical evidence。Journal of Financial Economics,77(3),561-603。  new window
38.Teoh, Siew Hong、Welch, Ivo、Wong, Tak Jun(1998)。Earnings Management and the Long-run Market Performance of Initial Public Offerings。The Journal of Finance,53(6),1935-1974。  new window
39.Teoh, Siew Hong、Welch, Ivo、Wong, T. J.(1998)。Earnings management and the underperformance of seasoned equity offerings。Journal of Financial Economics,50(1),63-99。  new window
40.Healy, Paul M.、Palepu, Krishna G.(2001)。Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature。Journal of Accounting and Economics,31(1-3),405-440。  new window
41.Larcker, David F.、Richardson, Scott Anthony、Tuna, İrem(2007)。Corporate governance, accounting outcomes, and organizational performance。The Accounting Review,82(4),963-1008。  new window
42.Yermack, David(1996)。Higher market valuation of companies with a small board of directors。Journal of Financial Economics,40(2),185-211。  new window
43.Leuz, Christian、Nanda, Dhananjay、Wysocki, Peter D.(2003)。Earnings management and investor protection: An international comparison。Journal of Financial Economics,69(3),505-527。  new window
44.Petersen, Mitchell A.(2009)。Estimating standard errors in finance panel data sets: Comparing approaches。The Review of Financial Studies,22(1),435-480。  new window
45.Kao, Lan-Feng、Chiou, Jeng-Ren、Chen, An-Lin(2004)。The agency problems, firm performance and monitoring mechanisms: The evidence from collateralized shares in Taiwan。Corporate Governance: An International Review,12(3),389-402。  new window
46.Xie, Biao、Davidson, Wallace N. III、DaDalt, Peter J.(2003)。Earnings Management and Corporate Governance: The Role of the Board and the Audit Committee。Journal of Corporate Finance,9(3),295-316。  new window
47.Baker, Malcolm、Stein, Jeremy C.、Wurgler, Jeffrey(2003)。When Does the Market Matter? Stock Prices and the Investment of Equity-dependent Firms。Quarterly Journal of Economics,118(3),969-1005。  new window
48.Moeller, Sara B.、Schlingemann, Frederik P.、Stulz, René M.(2005)。Wealth destruction on a massive scale? A study of acquiring-firm returns in the recent merger wave。The Journal of Finance,60(2),757-782。  new window
49.Klapper, Leora F.、Love, Inessa(2004)。Corporate Governance, Investor Protection, and Performance in Emerging Markets。Journal of Corporate Finance,10(5),703-728。  new window
50.López-de-Silanes, Florencio、La Porta, Rafael、Vishny, Robert W.、Shleifer, Andrei(2000)。Investor Protection and Corporate Governance。Journal of Financial Economics,58(1/2),3-27。  new window
51.Shleifer, Andrei、Vishny, Robert W.(1997)。A survey of corporate governance。The Journal of Finance,52(2),737-783。  new window
52.Dechow, Patricia M.、Skinner, Douglas J.(2000)。Earnings management: Reconciling the views of accounting academics, practitioners, and regulators。Accounting Horizons,14(2),235-250。  new window
53.Schmidt, Klaus M.(1997)。Managerial Incentives and Product Market Competition。The Review of Economic Studies,64(2),191-213。  new window
54.Myers, Stewart C.、Majluf, Nicholas S.(1984)。Corporate Financing and Investment Decisions When Firms Have Information That Investor Do Not Have。Journal of Financial Economics,13(2),187-221。  new window
55.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
56.Chen, A.、Kao, L.、Chen, Y.-K.(2007)。Agency Costs of Controlling Shareholders' Share Collateral with Taiwan Evidence。Review of Pacific Basin Financial Markets and Policies,10(2),173-191。  new window
研究報告
1.Zach, T.(2003)。Inside the Accrual Anomaly。St. Louis:Washington University。  new window
2.Beneish, M. D.、Nicholas, D.(2009)。Identifying overvalued equity。  new window
3.Richardson, S. A.、Sloan, R. G.(2003)。External financing and future stock returns。  new window
圖書
1.Arouri, M. E. H.、Jawadi, F.、Nguyen, D. K.(2010)。The dynamics of emerging stock Markets: Empirical assessments and implications。Heidelberg, Germany:Springer-Verlag。  new window
單篇論文
1.Kothari, S. P.,Loutskina, Elena,Nikolaev, Valeri V.(2006)。Agency Theory of Overvalued Equity as an Explanation for the Accrual Anomaly。  new window
 
 
 
 
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