信号模型理论及实践评述
摘要
本文通过回顾、分析信号模型理论与实践来考察新资本结构理论的演化过程,并根据近年新股发行市场的变化来阐述信号模型理论的最新发展。
出处
《经济学动态》
CSSCI
北大核心
2006年第2期65-70,共6页
Economic Perspectives
参考文献42
-
1Leland, H. and D. Pyle(1977), Information Asymmetries, Financial Structure, and Financial Intermediafion . Journal of Finance,
-
2Myers, Stewart C., and Nicholas S. Majluf(1984), Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics.
-
3Dowens D H, Heinkel R. (1982), Signaling and valuation of unseasoned new issues. Journal of Finance.
-
4Bhattachary S. (1979),Imperfect information , dividend pohcy , and the"bird in the band"fallacy . Bell Journal of Economics.
-
5Jay R. Ritter , Roger G. Ibbotson, and Jody L. Sindelar(1988),Initial Public Offerings . Jottmal of Applied Corporate Finance.
-
6Rock, Kevin(1986), Why new issues are underpriced . Journal of Financial Economics.
-
7Benveniste, Lawrence M. and Paul A. Spindt(1989), How investment bankers determine the offer price and allocation of new issues. Journal of FinancialEconomics,.
-
8Welch, Ivo(1992),Sequential sales, learning, and cascades.Journal of Finance.
-
9Allen F, Faulhaber G R. (1989), Signaling by underpricing in the IPO market . Journal of Financial Economics.
-
10Welch I (1989), Seasoned offerings , imitation costs , and the underprieing of initial public offerings . Journal of Finance.
二级参考文献61
-
1夏新平.中国IPO市场的效率性及其效率机制构建研究.华中科技大学博士论文[M].,2000..
-
2.《经济学家看法律、文化与历史》[A].张维迎.《产权、政府与信誉》[C].北京三联书店,2001..
-
3Ritter J R. Welch I. A review of IPO activity, pricing,and allocations[R]. Working Paper, 2002.
-
4Allen, Franklin, Faulhaber G R. Signaling by underpricing in the IPO market [J ]. Journal of Financial Economics, 1989,23:303-324.
-
5Welch I. Seasoned offerings, imitation costs, and the underpricing of initial public offerings[J]. Journal of Finance, 1989,44:421-450.
-
6Su D, Fleisher B M. An empirical investigation of underpricing in Chinese IPOs[J]. Pacific-Basin Finance Journal, 1999,7:173-202.
-
7Teoh S H, Welch I, Wong T J. Earnings management and the long-run market performance of initial public offerings[J]. Journal of Finance ,1998,53: 1935-1974.
-
8Leland H F, Pyle D H. Information asymmetries, financial structure, and financial intermediation [J]. Journal of Finance, 1997, 52: 371-387.
-
9Bhattachary S. Imperfect information, dividend policy, and the "bird in the band" fallacy [J]. Bell Journal of Economics, 1979, 10: 259-270.
-
10Ross S. The detemaination of financial structure: The incentive signaling approach [J]. Bell Journal of Economics, 1977, 8: 23-40.
共引文献1430
-
1曾军,杨平,李桉.确定性持续分红对企业长期价值的影响研究——基于长江电力的案例分析[J].昭通学院学报,2023,45(6):69-78.
-
2唐诗,黄悦丹.分红公告对股票价格的影响研究[J].中国证券期货,2020(4):78-89.
-
3陈屹立.实践中的法律与习惯:中国继承和赡养规则的制度分析[J].制度经济学研究,2022(3):98-123.
-
4白楠.我国上市公司股权融资需求对股利分配数量影响的研究[J].时代金融,2020(14):94-95.
-
5陈海盛,沈满洪.绿色信用制度变迁与绿色经济效率演进:基于超边际分析[J].演化与创新经济学评论,2023(1):49-62.
-
6黄静如,刘永模.媒体关注对企业债务融资成本的影响研究——基于会计稳健性的中介效应检验[J].投资研究,2020(2):113-133. 被引量:27
-
7兰袁,咸金坤.上市公司“融资分红”与金融市场稳定——基于股价崩盘风险的视角[J].山西财经大学学报,2021(1):113-126. 被引量:5
-
8尤建新,陈雨婷.资产质量:基于中国知网的评述(下)[J].上海质量,2022(5):51-54.
-
9张蕊,张越.企业声誉与投资效率:促进还是抑制[J].会计论坛,2020,19(2). 被引量:2
-
10景秀丽,刘静晗.平台监管视角下的共享经济信任机制研究——以民宿业为例[J].东北财经大学学报,2020,0(2):44-53. 被引量:6
-
1李长征.企业并购的博弈分析[J].商场现代化,2005(4):50-51. 被引量:3
-
2赵宏娟.基于不完全信息动态博弈的产学研合作对象选择分析[J].内蒙古科技与经济,2015(18):16-17.
-
3肖小凤,唐红.新股发行市场的审计师选择——来自2006年—2008年的数据[J].审计与经济研究,2010,25(6):37-43. 被引量:18
-
4乐峥艳.浅析研究生初次就业率“倒挂”现象——基于博弈论视角[J].当代经济,2008,25(6):158-159. 被引量:1
-
5王淑英,钮晓萌.信号模型在宏观经济分析中的应用研究[J].山西财经大学学报,2009,31(S2):15-16.
-
6严小洋.IPO中的价格管制及其后果[J].北京大学学报(哲学社会科学版),2008,45(6):141-147. 被引量:18
-
7陈晓璐,姚靠华,徐菁.IPO企业价值影响因素的实证检验[J].统计与决策,2009,25(6):187-188.