公司治理视野下的资本结构研究

经济理论与经济管理 ›› 2003, Vol. ›› Issue (9): 71-75.

公司治理视野下的资本结构研究

赵蒲¹, 孙爱英², 王华²

1. 上海交通大学管理学院上海 200030;
2. 西安交通大学管理学院西安 710049

收稿日期:2003-06-08 出版日期:2003-09-16 发布日期:2012-03-01

Received:2003-06-08 Online:2003-09-16 Published:2012-03-01

摘要/Abstract

摘要： 企业资本结构是指企业取得长期资金的各项来源、组成以及相互关系。公司治理结构则是治理公司各个相关利益主体之间交易关系的制度安排。治理结构与资本结构是企业理论中的两个重要问题,二者对企业绩效均有着显著的影响。

赵蒲, 孙爱英, 王华. 公司治理视野下的资本结构研究[J]. 经济理论与经济管理, 2003, (9): 71-75.

[1] D. Williamson. Corporate Finance and Corporate Governance [J]. Journal of Finance, 1988, (38): 567-591.
[2] O. Hart, J. Moore. Debt and Seniority: an Analysis of Role of Hard Claims in Constraining Management [J]. AmericanEconomic Review, 1995, (85): 567-585.
[3] 青木昌彦,钱颖一.转轨经济中的治理结构[M].北京:中国经济出版社,1995.
[4] Jensen, Meckling. Theory of Firm: Managerial Behavior, Agency Cost and Ownership Structure [J]. Journal of Financial Economics, 1976, (3): 305-360.
[5] Erik Berglof, Enrico Perotti. The Governance Structure of the Japanese Financial Keiretsu [J]. Journal of Financial Economics, 1994, (2).
[6] 默顿·米勒.智力公司的两种不同策略[A].徐慎庆,文贯中.中国国有企业改革[C].北京:中国经济出版社,1996.
[7] Andrei Shleifer , Robert W. Vishny. A Survey of Corporate Governance [J]. Journal of Finance, 1997, (52): 737-783.
[8] Andrei Shleifer, Robert Vishny. Large Shareholders and Corporate Control [J]. Journal of Political Economy, 1986,(94): 461-488.
[9] John McConnel, Henri Servaes . Additional Evidence on Equity Ownership and Corporate Value [J]. Journal of Financial Economics, 1990, (27): 595-612.
[10] Franks, Mayer. Takeovers: Capital Markets and Corporate Control: a Study of France, Germany and U. K [J]. Economic Policy, 1990, (6).
[11] Steven N. Kaplan, Bernadette Minton. Appointments of Outsiders to Japanese Boards: Determinants and Implications for Managers [J]. Journal of Financial Economics, 1994, (2).
[12] Jun-Koo Kang, Anil Shivdasani. Firm Performance, Corporate Governance, and Top Executive Turnover in Japan [J].Journal of Financial Economics, 1995, (1).
[13] Y. Yafeh, O. Yosha. Large Shareholders and Banks: Who Monitors and How? [J]. Economic Journal, 2003, (1).
[14] Dilip K. Shome, Sudhir Singh. Firm Value and External Blockholdings [J]. Financial Management, 1995 (4).
[15] John Pound. Proxy Contests and the Efficiency of Shareholders Oversight [J]. Journal of Financial Economics, 1988,(1-2).
[16] Larry Y. Dann, Harry Deangelo. Standstill Agreement, Privately Negotiated Stock Repurchase, and the Market for Corlorate Control [J]. Journal of Financial Economics, 1983, (1-4).
[17] L. Zingales. The Value of the Voting Right: a Study of the Milan Stock Exchange Experience [J]. Review of Financial Studies, 1994, (1).
[18] 唐宗明,蒋为.中国上市公司大股东侵害度实证分析[J].经济研究,2002,(4)
[19] Andrew K. Prevost, Ramesh P. Rao and Mahmud Hossain. Determinants of Board Composition in New Zealand: a Simultaneous Equations Approach [J]. Journal of Empirical Finance, 1994, (4).
[20] Anup Agrawal, Charles R. Knoeber. Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders [J]. Journal of Financial & Quantitative Analysis, 1996, (3).
[21] Anup Agrawal, Gershon N. Mandelker. Managerial Incentives and Corporate Investment and Financing Decisions [J].Journal of Finance, 1987, (4).
[22] Wi Saeng Kim, Eric H. Sorensen. Evidence on the Impact of the Agency Costs of Debt on Corporate Debt Policy [J].Journal of Financial & Quantitative Analysis, 1986, (2).
[23] Gerald R. Jensen, Donald P. Solberg and Thomas S. Zorn. Simultaneous Determination of Insider Ownership, Debt,and Dividend Policies [J]. Journal of Financial & Quantitative Analysis, 1992, (2).
[24] 苏醒,谭晓琢.我国上市公司的资本结构[J].财经理论与实践,2001,(22).
[25] 除晓东,陈小悦.第一大股东对公司治理、企业业绩的影响分析[J].经济研究,2003,(2).
[26] Jr. Smith, W. Clifford and Jerold B. Warner. On Financial Contracting [J]. Journal of Financial Economics, 1979,(2).
[27] Michael C. Jensen. The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems [J] Journal of Finance, 1993, (3).
[28] Eugene F. Fama. Contract Costs and Financing Decisions [J]. Journal of Business, 1990, (1).
[29] Jensen, Rebuck. The Market for Corporate Control: the Scientific Evidence [J]. Journal of Financial Economics, 1983,(38): 29-58.
[30] J. Kenneth, John J. McConnell.Corporate Performance, Corporate Takeovers, and Management Turnover, Martin[J]. Journal of Finance, 1991, (2).
[31] Merton H. Miller. Debt and Taxes [J]. Journal of Finance, 1977, (2).
[32] Krishna G. Palepu. Predicting Takeovers Targets [J]. Journal of Accounting & Economics, 1986, (1).
[33] Gregg A. Jarrell, Annette B. Poulsen. Dual-class Recapitalization as Anti-takeovers Mechanisms [J]. Journal of Financial Economics, 1988, (1-2).
[34] David. Hirshleifer, Anjan V. Thakor. Corporate Control through Board Dismissals and Takeovers [J]. Journal of Economics & Management Strategy, 1998, (4).
[35] Douglas W. Diamond. Reputation Acquisition in Debt Markets [J]. Journal of Political Economy, 1989, (4).
[36] Douglas W. Diamond . Debt Maturity Structure and Liquidity Risk Quarterly [J]. Journal of Economics, 1991, (2).