期刊文献+

大股东支持行为市场效应的实证研究

下载PDF
导出
摘要 本文以大股东支持行为为突破点,构建配对模型,运用实证分析方法,对大股东支持行为的市场效应进行了研究。研究结果表明:支持行为的短期市场反应显著;不同支持方式的短期市场反应不一;国有股权支持方的支持效果优于民营股权支持方的支持效果。建议培育高效率的控制权竞争市场,增强财务困境上市公司自我造血能力,最终保护中小投资者利益。
作者 江妍
出处 《财会通讯(下)》 2009年第1期34-36,39,共4页 Communication of Finance and Accounting
  • 相关文献

二级参考文献39

  • 1Roll R. 1986, "The Hubris Hypothesis of Corporate Takeovers", Journal of Business 59. 197-216. 被引量:1
  • 2Shlerifer A, R W Vishny, 2003, "Stock Market Driven Acquisitions", Journal of Financial Economics 70. 295-311. 被引量:1
  • 3Cao Y, Y Qian, B Weingast, 1999,"From Federalism. Chinese Style, To Privatization, Chinese Style", Economics of Transition 7.103-131. 被引量:1
  • 4Chen D , J P H Fan, T J Wang, 200d.,"Politicalled-Connected Ceos, Helping Hand or Grabbing Hand?" Working Paper, Shanghai University of Finance and Economics and HKUST. 被引量:1
  • 5Denis D , J J Mcconnell, 2003, "International Corporate Governance", Journal of Financial and Quantitative Analysis 38. 1-36. 被引量:1
  • 6Friedman E, S Johnson, T Mittton, 2003,"Propping and Tunneling", Journal of Comparative Economics 31. 732-750. 被引量:1
  • 7Jarrell G A, Briekley J A, and Netter J M. 1988,"The Market For Corporate Control. The Empirical Evidence Since 1980",Journal of Economic Perspectives 2 (Winter), 49-68. 被引量:1
  • 8Jensen M C, W H Meckling, 1976,"Theory of The Firm. Managerial Behavior, Agency Costs and Ownership Structure", Journal of Financial Economics 3. 305-360. 被引量:1
  • 9Jensen M, and Ruback R S. 1983, "The Market For Corporate Control. The Scientific Evidence", Journal of Financial Economics 11 .5-50. 被引量:1
  • 10Jensen M C. 1986,"Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers". American Economic Review 76. 323-329. 被引量:1

共引文献709

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部