| Reference: | 李小鹤 (2012), 资本成本在企业融资决策中的应用. 价值工程, 31(11), 118-119.
常石磊, 宋鲁蒙,和 宋梅彦 (2010), 我国上市公司资本成本研究. 企业导报, (11), 52-52.
康美雪 (2009), 國內上市櫃公司從事企業分割之探討. 臺灣大學財務金融組學位論文, 1-120.
劉昶靜 (2004),分割活動對公司經營績效的影響.國立高雄第一科技大學財務理碩士論文.
黃偉綺 (2008),股權分割與公司分割對經營績效的影響.私立銘傳大學國際企業所碩士論文.
邱俐錦 (2009),資產分割後的經營績效:公司治理的角色.國立高雄大學財金管理系碩士論文.
李政娟 (2012), 企業分割動機與經營績效之研究. 國立中央大學財務金融系碩士論文.
江雪鈴 (2006), 公司分割策略之研究. 國立台灣科技大學財務金融所碩士論文.
Allen, J. W., and McConnell, J. J. (1998). Equity carve-outs and managerial discretion. The Journal of Finance, 53(1), 163-186.
Allen, J. W., Lummer, S. L., McConnell, J. J., and Reed, D. K. (1995). Can takeover losses explain spin-off gains? Journal of Financial and Quantitative analysis, 30(04), 465-485.
Berry, H. (2013). When do firms divest foreign operations?. Organization Science, 24(1), 246-261.
Botosan, C. A., and Plumlee, M. A. (2005). Assessing alternative proxies for the expected risk premium. The Accounting Review, 80(1), 21-53.
Botosan, C. A., Plumlee, M. A., and Wen, H. (2011). The relation between expected returns, realized returns, and firm risk characteristics*.Contemporary Accounting Research, 28(4), 1085-1122.
Claus, J., and Thomas, J. (2001). Equity premia as low as three percent? Evidence from analysts` earnings forecasts for domestic and international stock markets. The Journal of Finance, 56(5), 1629-1666.
Comment, R., and Jarrell, G. A. (1995). Corporate focus and stock returns. Journal of Financial Economics, 37(1), 67-87.
Chemmanur, T. J., and Paeglis, I. (2001). Why issue tracking stock? Insights from a comparison with spin‐offs and carve‐outs. Journal of Applied Corporate Finance, 14(2), 102-114.
Chen, P. F., and Zhang, G. (2007). Segment profitability, misvaluation, and corporate divestment. The Accounting Review, 82(1), 1-26.
Daley, L., Mehrotra, V., and Sivakumar, R. (1997). Corporate focus and value creation evidence from spinoffs. Journal of Financial Economics, 45(2), 257-281.
Easton, P. D. (2004). PE ratios, PEG ratios, and estimating the implied expected rate of return on equity capital. The Accounting Review, 79(1), 73-95.
El Ghoul, S., Guedhami, O., Kwok, C. C., and Mishra, D. R. (2011). Does corporate social responsibility affect the cost of capital?. Journal of Banking and Finance, 35(9), 2388-2406.
Fernandes, N. (2014). Finance for Executives: A Practical Guide for Managers. NPVPublishing.
Frank, K. E., and Harden, J. W. (2001). Corporate Restructurings: A Comparison of Equity Carve‐outs and Spin‐offs. Journal of Business Finance & Accounting,28(3‐4), 503-529.
Gebhardt, W. R., Lee, C., and Swaminathan, B. (2001). Toward an implied cost of capital. Journal of accounting research, 39(1), 135-176.
Goss, A., and Roberts, G. S. (2011). The impact of corporate social responsibility on the cost of bank loans. Journal of Banking and Finance, 35(7), 1794-1810.
Groth, J. C., and Anderson, R. C. (1997). The cost of capital: perspectives for managers. Management Decision, 35(6), 474-482.
Gertner, R., Powers, E., and Scharfstein, D. (2002). Learning about Internal Capital Markets from Corporate Spin‐offs. The Journal of Finance, 57(6), 2479-2506.
Hand, J. R., and Skantz, T. R. (1999). The market-timing characteristics of equity carve-outs. Available at SSRN 164008.
Hite, G. L., Owers, J. E., and Rogers, R. C. (1987). The market for interfirm asset sales: Partial sell-offs and total liquidations. Journal of Financial Economics, 18(2), 229-252.
Jain, P. C. (1985). The effect of voluntary sell‐off announcements on shareholder wealth. The Journal of Finance, 40(1), 209-224.
John, K., and E. Ofek, (1995). Asset sales and increase in focus, Journal of Financial Economics 37, 105-126.
Krishnaswami, S., and Subramaniam, V. (1999). Information asymmetry, valuation, and the corporate spin-off decision. Journal of Financial Economics,53(1), 73-112.
Karpavicius, S. (2014). The Cost of Capital and Optimal Financing Policy in a Dynamic Setting. Available at SSRN 2219082.
Koziol, C. (2014). A simple correction of the WACC discount rate for default risk and bankruptcy costs. Review of Quantitative Finance and Accounting, 42(4), 653-666.
Lang, L., Poulsen, A., and Stulz, R. (1995). Asset sales, firm performance, and the agency costs of managerial discretion. Journal of Financial Economics, 37(1), 3-37.
Lin, F. L., and Chang, T. (2011). Does debt affect firm value in Taiwan? A panel threshold regression analysis. Applied Economics, 43(1), 117-128.
Miles, J. A., and Ezzell, J. R. (1980). The weighted average cost of capital, perfect capital markets, and project life: a clarification. Journal of Financial and Quantitative Analysis, 15(03), 719-730.
Miller, M. H., and Modigliani, F. (1966). Some estimates of the cost of capital to the electric utility industry, 1954-57. The American Economic Review, 333-391.
Mulherin, J. H., and Boone, A. L. (2000). Comparing acquisitions and divestitures. Journal of Corporate Finance, 6(2), 117-139.
Madura, J., and Nixon, T. D. (2002). The long-term performance of parent and units following equity carve-outs. Applied Financial Economics, 12(3), 171-181.
Michaely, R., and Shaw, W. H. (1995). The choice of going public: Spin-offs vs. carve-outs. Financial Management, 5-21.
Nanda, V. (1991). On the Good News in Equity Carve‐Outs. The Journal of Finance, 46(5), 1717-1737.
Ohlson, J. A., and Juettner-Nauroth, B. E. (2005). Expected EPS and EPS growth as determinantsof value. Review of Accounting Studies, 10(2-3), 349-365.
Prezas, A. P., Tarimcilar, M., and Vasudevan, G. K. (2000). The Pricing of Equity Carve‐Outs. Financial Review, 35(4), 123-138.
Reverte, C. (2012). The impact of better corporate social responsibility disclosure on the cost of equity capital. Corporate Social Responsibility and Environmental Management, 19(5), 253-272.
Slovin, M. B., Johnson, S. A., and Glascock, J. L. (1992). Firm size and the information content of bank loan announcements. Journal of Banking and Finance, 16(6), 1057-1071.
Schipper, K., and Smith, A. (1986). A comparison of equity carve-outs and seasoned equity offerings: Share price effects and corporate restructuring. Journal of Financial Economics, 15(1), 153-186.
Veld, C., and Veld-Merkoulova, Y. V. (2004). Do spin-offs really create value? The European case. Journal of Banking and Finance, 28(5), 1111-1135.
Vélez-Pareja, I., and Tham, J. (2009). A note on the weighted average cost of capital WACC. Revista de Administração Mackenzie (RAM), 10(6).
Vijh, A. M. (1999). Long-term returns from equity carveouts. Journal of Financial Economics, 51(2), 273-308. |
