朝陽科技大學 097學年度第1學期教學大綱
Thesis Seminar(一) 財金論文研討(一)

當期課號 7567 Course Number 7567
授課教師 林益倍 Instructor LIN,YIH BEY
中文課名 財金論文研討(一) Course Name Thesis Seminar(一)
開課單位 財務金融系碩士在職專班二A Department  
修習別 必修 Required/Elective Required
學分數 1 Credits 1
課程目標 協助研一同學瞭解論文撰寫過程,瞭解一篇好的論文必須具備的要件, 並且確立碩士論文的進行方向. Objectives 1.Learning how to wrap up their thesis. 2.Learning the most important criteria one good paper needs to satisfy.
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.
成績評量方式 論文提報40%, 測驗40%, 課程參與20% Grading 1. Class participation and presentation are very important factors in the final grading.
2. Some comprehensive quizzes are required in this course.
3. Presentation 40%, Quizzes 40%, and Class participation 20%.
教師網頁  
教學內容 以研討方式回顧17篇財金論文, 老師提報4篇, 學生每組提報1篇, 課堂上不定時抽問學生問題. Syllabus The reference assigned papers are the foundation of this course. Some papers will presented by instructor, other papers will presented by students in sequence.
尊重智慧財產權，請勿非法影印。