期刊文献+

管理防御与现金股利政策 被引量:2

下载PDF
导出
摘要 本文运用深沪两市350家上市公司2006年数据,对管理防御—现金股利进行了验证。结果表明:上市公司中存在管理防御现象;高管持股、股权集中度和公司基本面信息显著影响现金股利政策;董事会治理状况对现金股利政策有影响;现金股利政策测量变量中,应付现金股利和每股现金股利受管理防御程度的影响最显著。
作者 黄国良 吕易
出处 《财会通讯(下)》 2010年第6期142-143,160,共3页 Communication of Finance and Accounting
  • 相关文献

参考文献9

  • 1刘星,魏锋,戴玉光.经理管理防御下的公司股利政策研究[J].中国会计评论,2004,2(2):363-376. 被引量:16
  • 2李秉祥,张明,武晓春.经理管理防御对现金股利支付影响的实证研究[J].中南财经政法大学学报,2007(6):134-140. 被引量:18
  • 3俞丽萍.试论影响企业股利分配政策的因素[J].煤,2004,13(6):58-59. 被引量:5
  • 4Philipg Berger, Eliofek, Davidl Yermack. Managerial Entrenchment and Capital Structure Decisions.The Journal of Fi-nance, 1997.
  • 5Aidong Hu, Praveen Kumar.Managerial Entrenchment and Pay out Policy. Journal of Financial and Quantitative Analysis, 2004.
  • 6Jensen, M.C, & Mushy K.J. Performance Pay and top management incentives. Journal of Political Economy, 1990.
  • 7Finkelstein S, Hambrick D. Strategic Leadership: Top Executives and Their Effect on Organization.West Pub Co, 1996.
  • 8Fama E,Jensen M C.Separation of ownership and control.Journal of Law and Economics, 1983.
  • 9Eaton J,Rosen H S. Agency, delayed compensation and the structure of executive remuneration. Journal of Finance, 1983.

二级参考文献17

共引文献29

同被引文献40

  • 1吕易.管理防御下的上市公司现金股利实证研究.财会通讯,2011,.
  • 2VroomV.andPahlB.RelationshipBe- tweenageandRisk-takingAmong- Manager.JournalofAppliedPsybolo- gy, 1971.
  • 3MP.AUen SK.Panian.Power, Perfor- mance and Succession in the Large Corporation [J ].Admirtistrative Sci- ence Quarterly, 1982(4) : 538-547.
  • 4Michael Spence. Job market sig- naling[J].Quarterly Journal of E- conomics, 1973 ( 3 ) : 355-374.
  • 5Morck R, Shleifer A, Vishny W R. Management Own- ership and Market Valuation: An Empirical Analysis [J]. Journal of Financial Economics, 1988, 20 ( 1): 293- 315.
  • 6Walsh JP, Seward JK. On the Efficiency of Internal and External Corporate Control Mechanisms[J]. Academy of Management Review, 1990,15 : 421-458.
  • 7Berger P G, Ofek E, Yermack D. Managerial entrench- ment and capital structure decisions[J]. Journal of Fi-nance,1997, 52(4):1411-1438.
  • 8Holmstrom B. Managerial incentive problem-a dynamic perspective[J]. Economics and Management, 1982 (1) 50-53.
  • 9Lambert L. Compensation incentives and mergers and acquisitions[J]. Journal of Accounting and Economics, 1985,7(3):3-9.
  • 10Jensen M C, Murphy K J. Performance pay and top- management incentives[J]. Journal of Political Econo- my, 1990,98(2): 225-264.

引证文献2

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