1Bhattacharya,U.,H.Daouk and M. Welker.The world price of earn- ing opacity [J].The Accounting Review, 2003,78(3 ) : 641-678.
2Biddle, G., G.Hilary.Acc ounting Quality and Firm-level Capital Investment [J ].The Accounting Review 2006,81( 5 ) : 963-982.
3Biddle, G., G.Hilary and R.S.Verdi. How Does Financial Reporting Quality relate to Investment Effi- ciency [J].Joumal of Accounting and Economics 2009,48:112-131.
4Bushman,R. ,and A.Smith.Financial Accounting Information and C- orporate Governance [J ].Journal of Accounting Economics, 2001,31 : 237-333.
5Chen et al.Financial Reporting Quality and Investment Efficiency of Private Firms in Emerging Markets [J].The Accounting Re- view,2011,4:1255-1288.
6Durnev,A.,R.Morck and B.Ye- ung.Value-enhancing capital bud- geting and firm specific stock re- mm variation [J ].Journal of Fi- nance , 2004,59 ( 1 ) : 65-105.
7Hayashi,F.Tobin's Marginal q and Average q:A Neoclassical Inter- pretation[J].Econometrica, 1982, 50: 213-224.
8Jaffee,D.and T.Russell.Imperfect Information, Uncertainty, and Cre- dit Rationing[J].Quarterly Journal of Economics, 1976,90: 651-666.
9Jensen,M.Agency Costs of FreeCash Flow,Corporate Finance and Takeovers [J ].American Economic Review, 1986,76 : 323-329.
10Jensen,M., and W.Meckling.Theory of the Firm:Managerial Behavior, Agency Cost and Ownership Structure [J ].Journal of Financial Economics, 1976,3 : 305-360.
