期刊文献+

基于经理人管理防御的企业投资短视行为分析 被引量:20

Analysis of the corporate investment myopia under managerial entrenchment
原文传递
导出
摘要 基于投资行为具有信号传递功能和特性,从经理管理防御的角度,应用二期博弈分析模型对具有防御动机的经理人偏好投资于短期项目的深层次原因进行了深入分析,揭示出不同类型经理人管理防御的程度不同.为解释现实中企业投资短视行为提供了一个新的分析视角. The paper used the model of two period game theory to analysis the inside reasons why the managers, who are entrenched, prefer the shorten investment than others. Based on the character of corporate investment behavior and its signal transferring function. This paper also show us the degree of managerial entrenchment associated with the type of managers. And providing a new angle to explain the realistic corporate investment myopia.
出处 《系统工程理论与实践》 EI CSCD 北大核心 2008年第11期55-61,共7页 Systems Engineering-Theory & Practice
基金 国家自然科学基金(70872092)
关键词 管理防御 投资短视 博弈均衡 投资项目 managerial entrenchment investment myopia game equilibrium investment project
  • 相关文献

参考文献12

  • 1Morck R,Shleifer A,Vishny R W. Management ownership and market valuation: An empirical analysis[J]. Journal d Financial Economics, 1988,20:67-91.
  • 2Nejh. Managerial entrenchment: Modelisafion modification and impact on the shareholdem wealth [J]. Journal of Financial Economy, 2005,9:351 - 367.
  • 3Corporate investment myopia: A horserace of theories[J].Journal of Corporate finance,2002,8:21- 54.
  • 4李秉祥.我国财务危机公司投资行为的财务特征分析[J].中国管理科学,2003,11(2):34-39. 被引量:26
  • 5Noe T H. Rebello M J. Renegotiation,investment horizons and managerial discretion[J].Journal of Business, 1997,70:43-66.
  • 6Berger P G,Ofek E,Yennaek D L. Manaserial entrenchment and capital structure decisions[J]. Journal of Finance, 1997 , 39 :123 - 146.
  • 7Shleifer A, Vislmy. Managerial entrenchment: The case of manager specific investment[J].Journal of Financial Economics,2002, 1:42 - 67.
  • 8Fama E F,Jensen M C. Agency problems and residual claims[J].Journal of Law and Economics, 1983,26:327- 349.
  • 9Meulbrock L K. Shark repellents and managerial myopia: An empirical test[J].Journal of Political Economy, 1990,98: 87- 102.
  • 10Hu A,Kumar P. Managerial entrenchment and payout policy[J].Journal of Financial Quantitative Analysis, 2004,39:78 - 99.

二级参考文献9

同被引文献292

引证文献20

二级引证文献153

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