教材 |
指定論文 Issue 1: Capital Structure Theory 1. Modigliani and Miller (1958),“The Cost of Capital, Corporation Finance and the Theory of Investment,”The American Economic Review, Vol. 48(3) pp. 261-297. 2. Modigliani and Miller (1963),“Corporate Income Taxes and the Cost of Capital: A Correction,”The American Economic Review, Vol. 53(3) pp. 433-443. 3. Jensen and Meckling (1976),“Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure,”Journal of Financial Economics, Vol. 3, pp. 305-360. 4. Miller (1977),“Debt and Taxes,”The Journal of Finance, Vol. 32(2), pp. 261-275. 5. Myers (1984),“The Capital Structure Puzzle,”The Journal of Finance, Vol. 39, pp. 575-591. 6.Shyam-Sunder and Myers (1999),“Testing static tradeoff against pecking order models of capital structure,”Journal of Financial Economics, Vol. 51, pp. 219-244. 7. Baker and Wurgler (2002), “Market Timing and Capital Structure,” The Journal of Finance, Vol. 57, pp. 1-32. Issue 2: Adverse Selection and Signaling Theory 8. Modigliani and Miller (1961),“Dividend Policy, Growth, and the Valuation of Shares,”The Journal of Business, Vol. 34(4), pp 411-433. 9. Ross (1977),“The Determination of Financial Structure: The Incentive-Signaling Approach,”The Bell Journal of Economics, Vol. 8(1977), pp.23-40. 10. Myers and Majluf (1984),“Corporate Financing and Investment Decisions when Firms have Information that Investors do not have,”Journal of Financial Economics, Vol. 13, pp.187-221. 11. Miller and Rock (1985),“Dividend Policy and Asymmetric Information,”The Journal of Finance, Vol. 40(4), pp.1031-1051. Issue 3: Corporate Governance 12. Tirole, 2000, Corporate Governance, Econometrica 69, pp1~35.. 13. Maug, 1998, Large Shareholders as Monitors: Is There a Trade-off between Liquidity and Control? Journal of Finance, Vol. 53, pp. 65-98. Issue 4: Financial Distress 14. Bebchuk, 2002, Ex Ante Costs of Violating Absolute Priority in Bankruptcy, Journal of Finance, Vol. 57, pp. 445-460. 15. Kahl, 2002, Economic Distress, Financial Distress, and Dynamic Liquidation, Journal of Finance, Vol. 57, pp. 135-168. Issue 3: Other Issues 16. Chemmanur and Fulghieri (1994), “Investment Bank Reputation, Information Production, and Financial Intermediation” Journal of Finance 49, pp. 57-80. 17. Loughran and Ritter(1995),“The New Issues Puzzle”Journal of Finance 50, pp.23-51. |
Teaching Materials |
Assigned Papers Issue 1: Capital Structure Theory 1. Modigliani and Miller (1958),“The Cost of Capital, Corporation Finance and the Theory of Investment,”The American Economic Review, Vol. 48(3) pp. 261-297. 2. Modigliani and Miller (1963),“Corporate Income Taxes and the Cost of Capital: A Correction,”The American Economic Review, Vol. 53(3) pp. 433-443. 3. Jensen and Meckling (1976),“Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure,”Journal of Financial Economics, Vol. 3, pp. 305-360. 4. Miller (1977),“Debt and Taxes,”The Journal of Finance, Vol. 32(2), pp. 261-275. 5. Myers (1984),“The Capital Structure Puzzle,”The Journal of Finance, Vol. 39, pp. 575-591. 6.Shyam-Sunder and Myers (1999),“Testing static tradeoff against pecking order models of capital structure,”Journal of Financial Economics, Vol. 51, pp. 219-244. 7. Baker and Wurgler (2002), “Market Timing and Capital Structure,” The Journal of Finance, Vol. 57, pp. 1-32. Issue 2: Adverse Selection and Signaling Theory 8. Modigliani and Miller (1961),“Dividend Policy, Growth, and the Valuation of Shares,”The Journal of Business, Vol. 34(4), pp 411-433. 9. Ross (1977),“The Determination of Financial Structure: The Incentive-Signaling Approach,”The Bell Journal of Economics, Vol. 8(1977), pp.23-40. 10. Myers and Majluf (1984),“Corporate Financing and Investment Decisions when Firms have Information that Investors do not have,”Journal of Financial Economics, Vol. 13, pp.187-221. 11. Miller and Rock (1985),“Dividend Policy and Asymmetric Information,”The Journal of Finance, Vol. 40(4), pp.1031-1051. Issue 3: Corporate Governance 12. Tirole, 2000, Corporate Governance, Econometrica 69, pp1~35.. 13. Maug, 1998, Large Shareholders as Monitors: Is There a Trade-off between Liquidity and Control? Journal of Finance, Vol. 53, pp. 65-98. Issue 4: Financial Distress 14. Bebchuk, 2002, Ex Ante Costs of Violating Absolute Priority in Bankruptcy, Journal of Finance, Vol. 57, pp. 445-460. 15. Kahl, 2002, Economic Distress, Financial Distress, and Dynamic Liquidation, Journal of Finance, Vol. 57, pp. 135-168. Issue 3: Other Issues 16. Chemmanur and Fulghieri (1994), “Investment Bank Reputation, Information Production, and Financial Intermediation” Journal of Finance 49, pp. 57-80. 17. Loughran and Ritter(1995),“The New Issues Puzzle”Journal of Finance 50, pp.23-51. |