|
Alimov, A. (2014), Product market competition and the value of corporate cash: Evidence from trade liberalization. Journal of Corporate Finance, 25, 122-139. Ararat, M., Black, B.S., and Yurtoglu, B.B. (2017), The Effect of Corporate Governance on Firm Value and Profitability: Time-series Evidence from Turkey. Emerging Markets Review, 30, 113-132. Baek, Jae-Sung., Kang, Jun-Koo., Park, Suh Kyung. (2004), Corporate governance and firm value: evidence from the Korean financial crisis. Journal of Financial Economics 71, 265-313. Benoit, Jean-Pierre. (1984), Financially constrained entry in a game with incomplete information, Rand Journal of Economics, 15, 490–499. Berger, P. G., Ofek, E. (1995), Diversification’s effect on firm value. Journal of Financial Economics 37, 39-65. Bhagat, S., & Bolton, B. (2008), Corporate governance and firm performance. Journal of corporate finance, 14(3), 257-273. Black, B., Jang, H., and Kim, W. (2003), Does corporate governance predict firms' market values? Evidence from Korea. Stanford Law School, working paper No. 237. Blundell, R., Griffith, R., Reenen. (1999), Market share, market value and innovation in a panel of British manufacturing firms. The Review of Economic Studies, 66, 529-554. Bolton, Patrick, and David S. Scharfstein. (1990), A theory of predation based on agency problems in financial contracting, American Economic Review 80, 93–106. Boone, A., Field, L., Karpoff, J., Raheja, C. (2007), The determinants of corporate board size an independent: an empirical analysis. Journal of Financial Economics, 85, 65-101. Boyer, R. and Hollingsworth, J. R. (1997), ‘From national embeddedness to spatial and institutional nestedness’. In Hollingsworth, J. R. and Boyer, R. (Eds), Contemporary Capitalism: The Embeddedness of Institutions. Cambridge: Cambridge University Press Brav, A., Jiang, W., Partnoy, F., & Thomas, R. (2008), Hedge fund activism, corporate governance, and firm performance. The Journal of Finance, 63(4), 1729-1775. Bushman, R. M., Smith, A. J. (2001), Financial accounting information and corporate governance. Journal of Accounting Economics 32, 237-333. Campello, Murillo. (2006), Debt financing: Does it boost or hurt firm performance in product markets? Journal of Financial Economics, 82, 135–172. Carlton, D. W., Perloff. J. M. (2000), Modern industrial organization. Pearson Published, third edition. Chemmanur, T., He, Jie. (2011), IPO waves, product market competition and the going public decisions: Theory and evidence. Journal of Financial Economics 101, 382-412. Chen, A., Kao, L., and Lu, C.S. (2014), Controlling Ownership and Firm Performance in Taiwan: The Role of External Competition and Internal Governance. Pacific-Basin Finance Journal, 29, 219-238. Chen, Y. R., Chuang, W. T. (2009), Alignment or entrenchment? Corporate governance and cash holdings in growing firms. Journal of Business Research 62, 1200-1206. Claessens, S., Djankov, S., Lang, L. (2000), The separation of ownership and control in East Asian corporations. Journal of Financial Economics 58, 81-112. Claessens, S., Djankov, S., Lang, L. (2002), Disentangling the incentives and entrenchment effects of large shareholdings. The Journal of Finance, 57, 2741-2771. Core, J. E., Guay, W. R., Rusticus, T. O. (2006), Does weak governance cause weak stock return? An examination of firm operating performance and investors’ expectation. The Journal of Finance, 61, 655-687. Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999), Corporate governance, chief executive officer compensation, and firm performance. Journal of financial economics, 51(3), 371-406. Cornett, M. M., Marcus, A. J., & Tehranian, H. (2008), Corporate governance and pay-for-performance: The impact of earnings management. Journal of Financial Economics, 87(2), 357-373. Daily C. M. and Dalton, D. R. (1992). ‘Financial performance of founder-managed versus profession-ally managed small corporations’. Journal of Small Business Management, 30, 25–34. Day, G. S., Wensley, R. (1988), Assessing advantage: A framework for diagnosing competitive superiority. Journal of Marketing 52, 1-20. DeFond, M., Park, C. (1999), The effect of competition on CEO turnover. Journal of Accounting and Economic 27, 35-56. Demsetz, H. (1973), Industry structure, market rivalry and public policy. Journal of Law Economics 16, 1-9. Denis, D. K., McConell, J. J. (2003), International corporate governance. Journal of Financial and Quantitative Analysis 38, 1-36. Dhnadirek, R., Tang, J. (2003), Corporate governance problem in Thailand: Is ownership concentration the cause? Asia Pacific Business Review 10, 121-138. Dittmar, A., Mahrt-Smith, J. (2005), Corporate governance and the value cash holdings. Jornal of Financial Economics 83, 599-634. Doidge, C., Karolyi, G. A., & Stulz, R. M. (2007), Why do countries matter so much for corporate governance?. Journal of Financial Economics, 86(1), 1-39. Drobetz, W., Schillhofer, A., and Zimmermann, H. (2004), Corporate governance and expected stock returns: evidence from Germany. European Financial Management, 10 (2), 267–293. Engel, E., Hayes, R., Wang, X. (2003), CEO turnover and properties of accounting information. Journal of Accounting Economics 36, 197-226. Feldman, M. S. and Rafaeli, A. (2002), ‘Organizational routines as sources of connections and understandings’. Journal of Management Studies, 39, 309–31. Fresard, L. (2010), Financial strength and product market behavior: The real effect of corporate cash holdings. The Journal of Finance 65, 1097-1122. Gaspar, J. M., Massa, M. (2005), Idiosyncratic volatility and product market competition. Journal of Business, forthcoming. Giroud, X., Mueller, H. M. (2011), Corporate governance, product market competition and equity prices. The Journal of Finance, 2. Gompers, P, A., Ishii, J, L., Metrick, A. (2003), Corporate governance and equity prices. Quarterly Journal of Economics, 118, 107-155. Grosfeld, I., Tressel, T. (2002), Competition and ownership structures: Substitutes or complements? Evidence from the Warsaw Stock Exchange. Economic of Transition, 10, 525-551. Hannan, T. H. (1997), Market share inequality, the number of competitors and the HHI: An examination of bank pricing. Review of Industrial Organization, 12, 23-35. Harford, J., Mansi, S, A., Maxwell, W, F. (2008), Corporate governance and firm cash holdings in the US. Journal of Financial Economics 87, 535-555. Harris, M. (1998), The association between competition and managers business segment reporting decisions. Journal of Accounting Research, 36, 111-128. He, Y., Tian, Z. and Chen, Y. (2007), ‘Performance implications of nonmarket strategy in China’. Asia Pacific Journal of Management, 24, 151–69. Ho, S. M., Wong, K. S. (2001), A study for the relationship between corporate governance structure and extend of voluntary disclosure. Journal of International Accounting, Auditing and Taxation 10, 139-156. Hoskisson, R. E., Eden, L., Lau, C. M. and Wright, M. (2000), ‘Strategy in emerging economies’. Academy of Management Journal, 43, 249–67. Hurdle, G. J. (1974), Leverage, risk, market structure and profitability. The Review of Economics and Statistics 56, 478-485. Interbrand. (2012), The definitive guide to 100 best global brands. Best Global Brands 2012. Jensen, M., Meckling W. (1976), Theory of firm: Managerial behavior, agency cost and ownership structure. Journal of Financial Economics 3, 305-360. Joh, S. W. (2003), Corporate governance and firm profitability: evidence from Korea before the economic crisis. Journal of Financial Economics 68, 287-322. John, K., Litov, L., Yeung, B. (2008), Corporate governance and risk-taking. The Journal of Finance 63, 1679-1728. John, K., & Senbet, L. W. (1998), Corporate governance and board effectiveness. Journal of Banking & Finance, 22(4), 371-403. Jung, K., Kwon, S.Y. (2002), Ownership structure and earnings informativeness: Evidence from Korea. The International Journal of Accounting 37, 301-325. Kalcheva, I., Lins, K. V. (2004), International evidence on cash holdings and expected managerial agency problem. Working Paper, University of Utah. Kao, L., Chen, A., and Lu, C.S. (2017), Ex Ante and Ex Post Overvalued Equities: The Roles of Corporate Governance and Product Market Competition. Asia Pacific Management Review, 1-13. Karuna, C. (2007), Industry product market competition and managerial incentives. Journal of Accounting and Economics 43, 275-297. Kingsley, J, M. (2000), Three’s a crowd. Airline Business, 61-63. Klapper, L. F., & Love, I. (2004), Corporate governance, investor protection, and performance in emerging markets. Journal of corporate Finance, 10(5), 703-728. Klock, M. S., Mansi, S. A., & Maxwell, W. F. (2005), Does corporate governance matter to bondholders?. Journal of Financial and Quantitative Analysis, 40(04), 693-719. Kovenock, D., Philips, G. (1995), Capital structure and product market rivalry: How do we reconcile theory and evidence? American Economic Association, 85, 403-408. Krishnan, C. V. N., Ivanov, V. I., Masulis, R. W., Singh, A. K. (2011), Venture capital reputation, post-IPO performance and corporate governance. Journal of Financial Quantitative Analysis, 1295-1333. La Porta, F. Lopez-de-Silanes, A. Shleifer. (1999), Corporate ownership around the world. The Journal of Finance 54, 471-517. La Porta, F. Lopez-de-Silanes, A. Shleifer. (2000), Investor protection and corporate governance. Journal of Financial Economics, 58, 3-27. Larcker, D., Richardson, S., & Tuna, I. (2004), How important is corporate governance. SSRN, working paper, series No. 595821. Latz, M. L. (1986), An Analysis of Cooperative Research and Development. The RAND Journal of Economics, 17:4, 527-543. Lazonik, William., Prencipe, Andrea. (2002), Corporate governance, innovation, and competitive performance in the commercial turbofan industry: The case of Rolls-Royce. INSEAD R&D Working Paper, 1-54. Lee, C. (2011), Firms’ capital structure decisions and product market competition: a theoretical approach. Research in Business and Economics Journal, 3: 1-17. Lee, Jim., (2009), Does Size Matter in Firm Performance? Evidence from US Public Firms. International Journal of the Economics of Business, 16:2, 189-203, Lemmon, M. L., & Lins, K. V. (2003), Ownership structure, corporate governance, and firm value: Evidence from the East Asian financial crisis. The journal of finance, 58(4), 1445-1468. Lerner, A. P. (1934), The concept of monopoly and the measurement of monopoly power. The Review of Economic Studies, 12, 1157-1175. Lien, Y. C., Piesse, J., Strange, R., Filatotchev, I. (2005), The role of corporate governance in FDI decision: Evidence from Taiwan. International Business Review, 14, 739-763. Liu, Y., Ahlstrom, D. and Yeh, K. S. (2006), ‘The separation of ownership and management in Taiwan’s public companies: an empirical study’. International Business Review, 15, 415–35. Liu, G, S., Woo, W, T. (2001), How will ownership in China’s industrial sector evolve with WTO accession? China Economic Review, 12, 137-161. Low, A. (2009), Managerial risk-taking behavior and equity based compensation. Journal of Financial Economics, 92, 470-490. Mak, Y. T., Li, Y. (2001), Determinants of corporate ownership and board structure: Evidence from Singapore. Journal of Corporate Finance, 7, 235-256. Martin, S. (1988), Market power and/or efficiency? The Review of Economics and Statistics 70, 331-335. Mitton, T. (2002), A cross-firm analysis of the impact of corporate governance on the East Asia financial crisis. Journal of Financial Economic 64, 215-241. Monks, R. and Minnow, N. (2001), Corporate Governance, 2nd edition. Cambridge, MA: Blackwell. Opler, C. T., Titman, S. (1994), Financial distress and corporate performance. The Journal of Finance 49, 1015-1040. Ozkan, A., Ozkan, N. (2004), Corporate cash holdings: An empirical investigation of UK companies. Journal of Banking & Finance 28, 2103-2134. Peltzman, S. (1977), The gains and losses from industrial concentration. Journal of Law and Economics 20, 229-263. Peng, M. W. and Zhou, J. Q. (2005), ‘How network strategies and institutional transitions evolve in Asia’. Asia Pacific Journal of Management, 22, 321–36. Peng, M. W. (2003), ‘Institutional transitions and strategic choices’. Academy of Management Review, 28, 275–96. Peng, M. W. (2004), ‘Outside directors and firm performance during institutional transitions’. Strategic Management Journal, 25, 453–71. Peng, M. W. and Heath, P. (1996), ‘The growth of the firm in planned economies in transition: institutions, organizations, and strategic choice’. Academy of Management Review, 21, 492–528. Peress, J. (2010), Product market competition, insider trading, and stock market efficiency. The Journal of Finance 65, 1-43. Perez, S. E. (2005), Exit with vertical product differentiation. International Journal of Industrial Organization, 23, 227-247. Perfect, S. and Wiles, K. (1994), Alternative constructions of Tobin's q: An empirical comparison. Journal of Empirical Finance, 1, 313-341. Piesse, J., Khantri, Y. (2002), Corporate performance and governance: A stochastic frontier approach to measuring and explaining inefficiency in the Malaysia corporate sector. International Reivew of Economics and Business, 49, 259-285. Powell, W. W. (1991), ‘Expanding the scope of institutional analysis’. In Powell, W. W. and DiMaggio, P. J. (Eds), The New Institutionalism in Organizational Analysis. Chicago, IL: University of Chicago Press, 183– 203. Rajan, R., Zingales, L. (1998), Which capitalism? Lesson from the East Asian crisis. Journal of Applied Corporate Finance 11, 40-48. Resse Jr, W., Weisbach, M. (2002), Protection of minority shareholders interest, cross-listing in the United States and subsequent equity offerings. Journal of Financial Economic, 65-104. Samsung Electronics Annual Report 2011. Sen, Anindya. (2005), Does Increasing the Market Share of Smaller Firms Result in Lower Prices? Empirical Evidence from the Canadian Retail Gasoline Industry. Review of Industrial Organization, 26, 371–389 Sheu, H, -J., S. Wu., and K-. P. Ku. (1998), Cross-sectional relationship between stock returns and market beta, trading volume, and sales-to-price in Taiwan. International Review of Financial Analysis, 19, 425-442. Shleifer, A., Vishny, R. (2012), A survey of corporate governance. The Journal of Finance, 52, 737-783. Singh, M., & Davidson III, W. N. (2003), Agency costs, ownership structure and corporate governance mechanisms. Journal of Banking & Finance, 27(5), 793-816. Stock, J. H., & Watson, M. W. (2007), Introduction to econometrics Boston. Pearson International Edition. Szymanski, D. M., Bharadwaj, S. G., Varadarajan, P. R. (1993), An analysis of markets share-profitability relationship. Journal of Marketing 57, 1-18. Tang, H. W., & Chang, C. C. (2014), Does corporate governance affect the relationship between earnings management and firm performance? An endogenous switching regression model. Review of Quantitative Finance and Accounting, 1-26 The Salomon Smith Barney Guide to World Equity Markets, (1998), Euromoney Publications PLC and Salomon Barney, 482-489. TSEC Annual Report. (2011), Taiwan Stock Exchange Corporation, Taipei. TSEC Monthly Review. (2000), Taiwan Stock Exchange Corporation, Taipei. Quelch, J., Harrington, A. (2004), Samsung Electronics Company: Global marketing operations. Harvard Business School Publishing, 1-32. Wee, H. M., Wu, S. (2009), Lean supply chain and its effect on product cost and quality: a case study on Ford Motor Company. Supply Chain Management: An International Journal 14, 335-341. Wei, P. T. Z (2006), Why Chinese public listed corporations hold high-scale cashes? Accounting Research. Williamson, O. E. (1988), Corporate finance and corporate governance. The journal of finance, 43(3), 567-591. Wright, M., Filatotchev, I., Hoskisson, R. and Peng, M. W. (2005), ‘Strategy research in emerging economies: challenging the conventional wisdom’. Journal of Management Studies, 42, 1–33. Wu, S., Wang, S., Blos. M. F., Wee, H. M. (2007), Can the big three overtake Toyota? A study based on the theory of constraints. Journal of Advanced Manufacturing Systems 6, 145-157. Xie, B., Davidson, W. N., & DaDalt, P. J. (2003), Earnings management and corporate governance: the role of the board and the audit committee. Journal of corporate finance, 9(3), 295-316. Yu, Z., Li, J., and Yang, J. (2017), Does Corporate Governance Matter in Competitive Industries? Evidence from China. Pacific-Basin Finance Journal, 43, 238-255. Yeh, Y. H., Lee, T. S., Woidtke, T. (2001), Family control and corporate governance: Evidence from Taiwan. International Review of Finance 2, 21-48. Yermack, D. (1996), Higher market valuation of companies with a small board of directors. Journal of financial economics, 40(2), 185-211. Young, M. N., Ahlstrom, D. and Bruton, G. D. (2004), ‘The globalization of corporate governance in East Asia: the transnational solution’. Management International Review, 44, Special Issue, 31–50.
|