Corporate Finance 871 Readings
q Book: Hart, O. 1995, Firms, Contracts, and Financial Structure. Clarendon Press, Oxford.
q Book: Shleifer, Andrei 2000, Inefficient Markets: An Introduction to Behavioral Finance. Clarendon Press, Oxford.
Introduction: Corporate Finance and Theory of the Firm
1. Hart,O. 1995, Chapters 1 of Firms, Contracts, and Financial Structure
2. Holmstrom, Bengt and J.Roberts , 1998 The Boundaries of the Firm Revisited," Journal of Economic Perspectives, 12: 73-94.
The property rights and incomplete contracting approach and Implications
3. Hart,O. 1995, Chapters 2-4 of Firms, Contracts, and Financial Structure
4. Aghion, Phillipe and Patrick Bolton (1992), "An Incomplete Contracts Approach to Financial Contracting," Review of Economic Studies 59: 473-494.
5. Bolton, Patrick and David Scharfstein (1996), "Optimal Debt Structure and the Number of Creditors," Journal of Political Economy 104: 1-25.
Financial Structure
6. Hart,O. 1995, Chapters 5-8 of Firms, Contracts, and Financial Structure
7. Dewatripont, Mathias and Jean Tirole (1994), "A Theory of Debt and Equity: Diversity of Securities and Manager-Shareholder Congruence," Quarterly Journal of Economics 109: 1027-1054.
8. Baker, Malcolm and Jeffrey Wurgler (2000), "A Market-Timing Perspective on Capital Structure," working paper.
9. Gale, Douglas and Martin Hellwig (1985), "Incentive-Compatible Debt Contracts: The One Period Problem," Review of Economic Studies 52: 647-663.
Financial Institutions and Intermediaries
Banking:
10. Diamond, Douglas (1991), "Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt," Journal of Political Economy 99: 689-721.
11. Diamond, Douglas (1984), "Financial Intermediation and Delegated Monitoring," Review of Economic Studies 51: 393-414.
12. Rajan, Raghuram (1992), "Insiders and Outsiders: The Choice Between Informed and Arm's Length Debt," Journal of Finance 47: 1367-1400.
13. Petersen, Mitchell and Raghuram Rajan (1994), "The Benefits of Lending Relationships: Evidence from Small Business Data," Journal of Finance 49: 3-37.
14. Petersen, Mitchell and Raghuram Rajan (1995), "The Effect of Credit Market Competition on Lending Relationships," Quarterly Journal of Economics 110: 403-444.
15. De Meza, David and David Webb (1999), “Wealth Enterprise and Credit Policy”, The Economic Journal: 109: 153-163.
16. De Meza, David (2002), “Overlending”, The Economic Journal: 112: 17 -31.
17. Penas, María Fabiana and Haluk Unal “Too-Big-to-Fail Gains in Bank Mergers: Evidence from the Bond Markets” University of Maryland working paper (2001).
18. Holmstrom, Bengt and Jean Tirole, “Financial Intermediation, Loanable Funds and
The Real Sector (1997) Quarterly Journal of Economics
19. Diamond, Douglas and Raghuram Rajan “Banks, Short Term Debt and Financial Crises” NBER working paper (2000.)
Other:
20. Parlour , Christine A. and Uday Rajan “Payment for Order Flow”, working paper (2001)
21. Holmstrom, Bengt and Jean Tirole, “Market Liquidity and Performance Monitoring” (1993). Journal of Political Economy, 101: 678-709
22. Hauswald, Robert and Robert Marquez, “Information Technology and Financial Services Competition” working paper (2001.)
23. Anand, Bharat and Alexander Galetovic, “Relationships, Competition and the Structure of Investment Banking Markets” working paper (HBS)
24. Dann, Larry Y., Diane Del Guercio and M. Megan Partch “Governance and Boards of Directors in Closed-end Investment Companies” working paper (2001)
25. Garmaise, Mark J. and Tobias J. Moskowitz, “Informal Financial Networks: Theory and Evidence” NBER working paper 2002.
Investment and Financing
26. Rhodes-Kropf, Matthew and S. Viswanathan, “Financing Auction Bids” working paper (2001)
27. Nicholson, Sean and Patricia M. Danzon, “Biotech-Pharmaceutical Alliances as a Signal of Asset and Firm Quality”, NBER working paper (2002).
28. Baker, Malcolm, Jeremy C. Stein and Jeffrey Wurgler, “ When does the Market Matter? Stock Prices and the Investment of Equity –Dependent Firms”, NBER working paper (2002)
29. Blair, Margaret M., Gary M. Hoffman, and Salvatore P. Tamburo, “Clarifying Intellectual Property Rights for the New Economy” Georgetown working paper (2001)
30. Bloom, Nicholas and John Reenen, “ Patents, Real Options and Firm Performance”
Economic Journal, 112 2002
31. Auerbach, Alan and K Hasset, “On the Marginal Source of Investment Funds”, NBER working paper (2000)
32. Stein, Jeremy C. (2001), "Agency, Information and Corporate Investment," forthcoming in Handbook of the Economics of Finance
33. Carpenter, Robert E. and Bruce C. Petersen (2002)“Capital Market Imperfections, High-Tech Investment and New Equity Financing”, The Economic Journal 112: 54 -72.
34. Hohnstr6m, Bengt (1999), "Managerial Incentive Problems: A Dynamic Perspective," Review of Economic Studies 66:169-182.
35. Bolton, Patrick and David S. Scharfstein (1990), "A Theory of Predation Based on Agency Problems in Financial Contracting," American Economic Review 80: 93-106.
36. Chevalier, Judith A. (1995a), "Do LBO Supermarkets Charge More?: An Empirical Analysis of the Effects of LBOs on Supermarket Pricing," Journal of Finance 50: 1095-1112
37. Chevalier, Judith A. (1995b), "Capital Structure and Product Market Competition: Empirical Evidence from the Supermarket Industry," American Economic Review 85: 415-435.
Financial Distress and Risk Management
38. Shleifer, Andrei and Robert Vishny (1992), "Liquidation values and Debt Capacity: A Market Equilibrium Approach," Journal of Finance 47: 1343-1366.
39. Andrade, Gregor and Steven Kaplan (1998), "How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions That Became Distressed," Journal of Finance 53: 1443-1493
40. Stromberg, Per (2000), "Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests," Journal of Finance 55: 2641-2692.
41. Froot, Kenneth A. and Jeremy C. Stein (1998), "Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach," Journal of Financial Economics 47: 55-82.
42. Tufano, Peter (1995), "Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry," Journal of Finance 51: 1097-1137.
Corporate Governance
43. Shleifer, A., and R. Vishny 1997, A survey of corporate governance", Journal
of Finance, 52, 2, 737-783.
44. Mitchell, Mark and Harold Mulherin (1996), "The Impact of Industry Shocks on Takeover and Restructuring Activity," Journal of Financial Economics 41: 193-229.
45. Holmstrom, Bengt and Steven Kaplan (2001), "Corporate Governance and Merger Activity in the U.S.: Making Sense of the 80's and 90's," Journal of Economic Perspectives
Behavioral Finance
46. Shleifer, Andrei 2000, Inefficient Markets: An Introduction to Behavioral Finance. Clarendon Press, Oxford.
And related papers
Firm boundaries and conglomeration
47. Rajan, Raghuram G. and Luigi Zingales (2001) “The Firm as a Dedicated Hierarchy: A Theory of the Origins and Growth of Firms” Quarterly Journal of Economics.
48. Stein, J, Internal Capital Markets and the Competition for Corporate Resources", Journal of Finance March 1997.
49. Rajan, R., H. Servaes, and L. Zingales, 2000, “The Costs of Diversity: The diversification Discount and Inefficient Investment", Journal of Finance.
50. Lamont, O , “Cashflow and Investment: Evidence from Internal Capital Markets", Journal of Finance, March 1997.
51. Shin, H. and R. Stulz, 1998, Are Internal Capital Markets Efficient?” Quarterly Journal of Economics
Comparing Financial-Legal Systems and Role in Economic Development
52. Allen, F. and D. Gale 2000, Chap. 1-3 Comparing Financial Systems, MIT Press.
53. King, Robert G. and Ross Levine (1993), "Finance and Growth: Schumpeter Might be Right," Quarterly Journal of Economics 108: 717-737.
54. LaPorta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny (1997), "Legal Determinants of External Finance," Journal of Finance 52: 1131-1150.
55. LaPorta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny (1998), "Law and Finance," Journal of Political Economy 106:1113-1155.
56. Rajan, R. and L. Zingales, What Do We Know about Capital Structure? Some Evidence from International Data". Journal of Finance (1995), 50: 1421-1460.
57. Levine, R. and S. Zervos (1998), "Stock Markets, Banks, and Economic Growth," American Economic Review 88: 537-558.
58. Rajan, Raghuram and Luigi Zingales (1998), "Financial Dependence and Growth," American Economic Review 88: 559-586.
59. Wurgler, Jeffrey (2000), "Financial Markets and the Allocation of Capital," Journal of Financial Economics 58: 187-214.
60. Holderness, C. G. , R. S. Kroszner, and D.P. Sheehan (1999), “Were The Good Old Days That Good? The Evolution of Managerial Ownership Since the Great Depression" Journal of Finance
61. La Porta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer 1999, Corporate ownership around the world", Journal of Finance 54, 471- 518.
参阅：http://bbs.efnchina.com/dispbbs.asp?boardID=92513&ID=29981
