| Reference: | 金成隆, & 陳俞如. (2006). 公司治理與專利權: 台灣新興市場. 管理學報, 23(1), 99-124.
謝純慧., 黃志強., 張桓, &曹壽民. (2013). 股權結構與創新活動的短視行為. 會計學報, 5(1), 97-136.
Aghion, P., & Bolton, P. (1992). An incomplete contracts approach to financial contracting. The Review of Economic Studies, 59(3), 473-494.
Alti, A. (2003). How sensitive is investment to cash flow when financing is frictionless. The Journal of Finance, 58(2), 707-722.
Artz, K. W., Norman, P. M., Hatfield, D. E., & Cardinal, L. B. (2010). A longitudinal study of the impact of R&D, patents, and product innovation on firm performance. Journal of Product Innovation Management, 27(5), 725-740.
Bae, S. C., Klein, D. P., & Padmaraj, R. (1994). Event risk bond covenants, agency costs of debt and equity, and stockholder wealth. Financial Management, 28-41.
Balasubramanyan, L., Berger, A. N., & Koepke, M. M. (2019). How do lead banks use their private information about loan quality in the syndicated loan market? Journal of Financial Stability, 43, 53-78.
Berkovitch, E., & Kim, E. H. (1990). Financial contracting and leverage induced over‐and under‐investment incentives. The Journal of Finance, 45(3), 765-794.
Bialowolski, P., & Weziak-Bialowolska, D. (2014). External factors affecting investment decisions of companies. Economics: The Open-Access, Open-Assessment E-Journal, 8(2014-11), 1-21
Biddle, G. C., Hilary, G., & Verdi, R. S. (2009). How does financial reporting quality relate to investment efficiency. Journal of Accounting and Economics, 48(2-3), 112-131.
Bhattacharya, S., & Ritter, J. R. (1983). Innovation and communication: Signalling with partial disclosure. The Review of Economic Studies, 50(2), 331-346.
Brennan, M. J., & Schwartz, E. S. (1984). Optimal financial policy and firm valuation. The journal of Finance, 39(3), 593-607.
Bromiley, P. (2009). Corporate capital investment. Cambridge Books.
Burgelman, R. A., Maidique, M. A., & Wheelwright, S. (1989). Strategic management of technology. Homewood, IL: Irwin.
Callen, J. L., Chen, F., Dou, Y., & Xin, B. (2016). Accounting conservatism and performance covenants: a signaling approach. Contemporary Accounting Research, 33(3), 961-988.
Canace, T. G., Jackson, S. B., & Ma, T. (2018). R&D investments, capital expenditures, and earnings thresholds. Review of Accounting Studies, 23(1), 265-295.
Chan, A. L. C. (2014). Innovation efficiency and asymmetric timeliness of earnings: evidence from an emerging market. International Review of Financial Analysis, 32, 132-142.
Chan, A. L. C., Hsieh, Y. T., Lee, E., & Yueh, M. L. (2015). Does financial statement information affect cross-border lending by foreign banks in the syndicated loan market? Evidence from a natural experiment. Journal of Accounting and Public Policy, 34(5), 520-547.
Chan, A. L. C., Jian, Y. T., Yueh, M. L., & Hsieh, Y. T. (2018). The effect of the board of directors. Journal of Contemporary Accounting, 19(1), 41-75.
Chava, S., Chong, X., & Nanda, V. (2012). Funding innovation: The role of lender expertise and control rights. Georgia Institute of Technology Working Paper.
Chen, Y. M., & Jian, J. Y. (2006). The impact of information disclosure and transparency rankings system (IDTRs) and corporate governance structure on interest cost of debt. Available at SSRN 926859.
Chen, N. K., & Wang, H. J. (2007). The procyclical leverage effect of collateral value on Bank loans—Evidence from the transaction data of Taiwan. Economic Inquiry, 45(2), 395-406.
Christensen, H. B., & Nikolaev, V. V. (2012). Capital versus performance covenants in debt contracts. Journal of Accounting Research, 50(1), 75-116.
Christensen, T. E., Pei, H., Pierce, S. R., & Tan, L. (2019). Non-GAAP reporting following debt covenant violations. Review of Accounting Studies, 24(2), 629-664.
Claudio, C. C., Teresa, G. M., & Cristina, B. S. (2013). Does technological innovation efficiency really matter for firm performance. Res. Policy, 42, 1239-1250.
Dang, J., & Motohashi, K. (2015). Patent statistics: A good indicator for innovation in China? Patent subsidy program impacts on patent quality. China Economic Review, 35, 137-155.
Dennis, S. A., & Mullineaux, D. J. (2000). Syndicated loans. Journal of Financial Intermediation, 9(4), 404-426.
Denis, D. J., & Wang, J. (2014). Debt covenant renegotiations and creditor control rights. Journal of Financial Economics, 113(3), 348-367.
Desai, A., Wright, P., Chung, K. H., & Charoenwong, C. (2003). Impact of changes in strategic investments on shareholder returns: the role of growth opportunities. Journal of Applied Business Research (JABR), 19(1).
Devos, E., Rahman, S., & Tsang, D. (2017). Debt covenants and the speed of capital structure adjustment. Journal of Corporate Finance, 45, 1-18.
Dichev, I. D., & Skinner, D. J. (2002). Large–sample evidence on the debt covenant hypothesis. Journal of Accounting Research, 40(4), 1091-1123.
Docgne, S. (2018). Bond Covenants and Investment Policy. Working Paper. Florida International University.
Edwards, S. (1986). The pricing of bonds and bank loans in international markets: An empirical analysis of developing countries` foreign borrowing. European Economic Review, 30(3), 565-589.
Esty, B. C. (2001). Structuring loan syndicates: A case study of the Hong Kong Disneyland project loan. Journal of Applied Corporate Finance, 14(3), 80-95.
Fazzari, S., Hubbard, R. G., & Petersen, B. C. (1987). Financing constraints and corporate investment. Working Paper. National Bureau Of Economic Research.
Francis, B., Hasan, I., Huang, Y., & Sharma, Z. (2012). Do banks value innovation? Evidence from US firms. Financial Management, 41(1), 159-185.
Franko, L. G. (1989). Global corporate competition: Who`s winning, who`s losing, and the R&D factor as one reason why. Strategic Management Journal, 10(5), 449-474.
Gao, W., & Chou, J. (2015). Innovation efficiency, global diversification, and firm value. Journal of Corporate Finance, 30, 278-298.
Gavish, B., & Kalay, A. (1983). On the asset substitution problem. Journal of Financial and Quantitative Analysis, 21-30.
Gorton, G., & Winton, A. (2003). Financial intermediation. In Handbook of the Economics of Finance (Vol. 1, pp. 431-552). Elsevier.
Green, R. C., & Talmor, E. (1986). Asset substitution and the agency costs of debt financing. Journal of Banking & Finance, 10(3), 391-399.
Gu, F. (2005). Innovation, future earnings, and market efficiency. Journal of Accounting, Auditing & Finance, 20(4), 385-418.
Hagedoorn, J., & Cloodt, M. (2003). Measuring innovative performance: is there an advantage in using multiple indicators? Research Policy, 32(8), 1365-1379.
Hatchondo, J. C., Martinez, L., & Sosa-Padilla, C. (2016). Debt dilution and sovereign default risk. Journal of Political Economy, 124(5), 1383-1422.
Harvie, C., Narjoko, D., & Oum, S. (2013). Small and Medium Enterprises’ access to finance: evidence from selected Asian economies. ERIA Discussion Paper Series, 23.
Huang, C. H., & Hou, T. C. T. (2019). Innovation, research and development, and firm profitability in Taiwan: Causality and determinants. International Review of Economics & Finance, 59, 385-394.
Ivashina, V. (2005). Structure and pricing of syndicated loans. In The New York City Area Conference on Financial Intermediation.
Ivashina, V. (2009). Asymmetric information effects on loan spreads. Journal of Financial Economics, 92(2), 300-319.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Jones, J. D., Lang, W. W., & Nigro, P. J. (2005). Agent bank behavior in bank loan syndications. Journal of Financial Research, 28(3), 385-402.
Kahan, M., & Yermack, D. (1998). Investment opportunities and the design of debt securities. Journal of Law, Economics, & Organization, 136-151.
Kim, J. B., Tsui, J. S., & Cheong, H. Y. (2011). The voluntary adoption of International Financial Reporting Standards and loan contracting around the world. Review of Accounting Studies, 16(4), 779-811.
Kothari, S. P., Laguerre, T. E., & Leone, A. J. (2002). Capitalization versus expensing: Evidence on the uncertainty of future earnings from capital expenditures versus R&D outlays. Review of Accounting Studies, 7(4), 355-382.
Lev, B., & Sougiannis, T. (1996). The capitalization, amortization, and value-relevance of R&D. Journal of Accounting and Economics, 21(1), 107-138.
Lowery, R. & Wardlaw, M. (2011). Agency Costs, Information, and the Structure of Corporate Debt Covenants. Working Paper.
Nagaoka, S., Motohashi, K., & Goto, A. (2010). Patent statistics as an innovation indicator. In Handbook of the Economics of Innovation (Vol. 2, pp. 1083-1127). North-Holland.
Narin, F., Noma, E., & Perry, R. (1987). Patents as indicators of corporate technological strength. Research Policy, 16(2-4), 143-155.
Nguyen, H., & Nguyen, T. (2020). Determinants of firm’s capital expenditure: Empirical evidence from Vietnam. Management Science Letters, 10(5), 943-952.
Panyagometh, K., & Roberts, G. S. (2010). Do lead banks exploit syndicate participants? Evidence from ex post risk. Financial Management, 39(1), 273-299.
Peterson, P. P., & Fabozzi, F. J. (2002). Capital budgeting: theory and practice (Vol. 10). John Wiley & Sons.
Rajan, R., & Winton, A. (1995). Covenants and collateral as incentives to monitor. The Journal of Finance, 50(4), 1113-1146.
Rajgopal, S., & Shevlin, T. (2002). Empirical evidence on the relation between stock option compensation and risk taking. Journal of Accounting and Economics, 33(2), 145-171.
Rajgopal, S., Hanlon, M., & Shevlin, T. J. (2004). Large sample evidence on the relation between stock option compensation and risk taking. Available at SSRN 427260.
Ruiqi, W., Wang, F., Xu, L., & Yuan, C. (2017). R&D expenditures, ultimate ownership and future performance: Evidence from China. Journal of Business Research, 71, 47-54.
Santos, J. A., & Winton, A. (2008). Bank loans, bonds, and information monopolies across the business cycle. The Journal of Finance, 63(3), 1315-1359.
Smith Jr, C. W., & Warner, J. B. (1979). On financial contracting: An analysis of bond covenants. Journal of Financial Economics, 7(2), 117-161.
Strahan, P. E. (1999). Borrower risk and the price and nonprice terms of bank loans. Working paper. Banking Studies Function, Federal Reserve Bank of New York.
Stuart, T. E. (2000). Interorganizational alliances and the performance of firms: a study of growth and innovation rates in a high‐technology industry. Strategic Management Journal, 21(8), 791-811.
Sufi, A. (2007). Information asymmetry and financing arrangements: Evidence from syndicated loans. The Journal of Finance, 62(2), 629-668.
Tirole, J. (2010). The theory of Corporate Finance. Princeton University Press.
Uwah, U. E., & Asuquo, A. I. (2016). Capital budgeting processes and wealth maximization objectives: Implications for firms in Nigeria. Research Journal of Finance and Accounting, 7(10), 73-85.
Uwah, U. E. (2019). Capital Expenditure Decisions and Long Term Value of The Firm: Evidence from Nigerian Manufacturing Companies. International Journal of Accounting & Finance, 8(1), 152-169.
Vogt, S. C. (1997). Cash flow and capital spending: Evidence from capital expenditure announcements. Financial Management, 44-57.
William Petty, J., Scott Jr, D. F., & Bird, M. M. (1975). The capital expenditure decision-making process of large corporations. The Engineering Economist, 20(3), 159-172
Williams, M. A., & Rao, R. P. (2006). CEO stock options and equity risk incentives. Journal of Business Finance & Accounting, 33(1‐2), 26-44.
Whited, T. M. (2006). External finance constraints and the intertemporal pattern of intermittent investment. Journal of Financial Economics, 81(3), 467-502. |
