基于利益相关者理论的企业财务政策研究

A Research on Enterprise Finance Policy from the Viewpoint of Interested Parties

下载PDF

导出

摘要隐性契约客观存在并具有效力是利益相关者对企业财务政策产生影响的前提。专用性投资是企业传递履约动机与履约能力信息的重要通道,受资产专用性与隐性负债导致较高债务融资成本的双重约束,专用性投资应主要依靠权益融资。

作者程宏伟向玉凡

机构地区西南财经大学会计学院成都理工大学文法学院

出处《吉林财税高等专科学校学报》 2005年第1期44-47,共4页 Journal of Jilin College of Finance & Taxation

关键词利益相关者隐性契约专用性投资财务政策

参考文献8

1[3]Barton, Sidney L., Ned C.Hill, and Srinivasan Sundaram. An Empirical Test of Stakeholder The ory Predictions of Capital Structure[ J]. Financial Management, 1989, Vol.18: 36- 44.
2[4]Cornell, Bradford and Alan C.Shapiro. Corporate Stakeholders and Corporate Fiance[ J]. Financial Management, 1987, Vol.16: 5- 14. [6]Kochhar, Rahul. Strategic Assets, Capital Struc ture and Firm Performance[ J]. Journal of Finan cial and Strategic Decisions, 1997, Vol.10: 23- 36.
3[5]Klein, Benjamin, Robert Crawford and Alchian， Armen． Vertical Integration, Appropriable Rents,and the Competitive Contracts Process[ J]． Journal of Law and Economics， 1978， Vol.21: 297－ 326．
4[7]Holder, Mark E., Frederick W. Langrehr, and Laurence Hexter. Dividend Policy Determinants:An Investigation of the Influences of Stakeholder Theory [ J]. Financial Management, 1998, Vol 27: 73- 82.
5[8]Williamson, O. Corporate Finance and Corporate Governance[ J]. Journal of finance, 1988, Vol 43:567- 591.
6[9]Telser.L.G., A Theory of Self- enforcing Agree ments[ J]. Journal of Business, 1980, Vol.53: 27- 44.
7[10]Timan,S. 1984. The Effect of Capital Structure on A Firm's Liquidation Decision[ J]. Journal of Financial Economics, Vol.13: 137～ 152.
8[11]Zingales, Luigi. In Search of New Foundations [ J]. Journal of Finance, 2000, Vol .55:1623- 1653.

吉林财税高等专科学校学报

2005年第1期

内容加载中请稍等...