English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 114205/145239 (79%)
Visitors : 52791451      Online Users : 551
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version
    政大機構典藏 > 商學院 > 企業管理學系 > 學位論文 >  Item 140.119/89151


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/89151


    Title: 自訊號發射理論觀點探討我國可轉換公司債發行條款
    Authors: 曾盛杰
    ZENG, SHENG-JIE
    Contributors: 劉維琪
    楊子江
    曾盛杰
    ZENG, SHENG-JIE
    Date: 1992
    1991
    Issue Date: 2016-05-02 15:13:55 (UTC+8)
    Abstract: 財務理論雖已發展多年，但學者之間仍無法在對於發行公司如何選擇其債券條款的解釋上獲得共識。本文對債券條款理論作廣泛的搜尋與探討，得知歷來的解釋共有代理成本、避險操作(Immunization)、發射訊號(Signalling) 、損失圍堵(Darnage Containrnent) 、及稅負考慮等五種觀點。
    Reference: 中文部份：
    1.王元章，「轉換公司債角色的探討」，證券市場發展季刊，13期，81年1月。
    2. 王啟明，「轉換公司債投資策略」，華泰書局，80年9月。
    3. 史綱，「認識歐洲債券市場」，證券市場發展季刊，9期，80年4月。
    4. 余雪明，「我國債券市場的發展策略」，證券市場發展季刊，9期，80年4月。
    5. 李存修，「可轉換公司債問題之評價─兼談永豐餘造紙公司實例」，證券管理，第7 卷，7 至8期，78年7 、8月。
    6. 李存修，「認股權證之性質，評價模式與發行計劃」，證券管理，第7卷，11期，78年11月。
    7. 李存修，「選擇權之投資策略、評價理論、與其在財務管理上之應用」，證券市場發展季刊，14期，81年4月。
    8. 柯受恩，「由美國經驗看我國債券市場」，證券市場發展季刊，9期，80年4月。
    9. 姜堯民，「不對稱資訊下銀行放款契約訂定之研究」，政治大學企業管理研究所未出版碩士論文，79年6月。
    10. 徐燕山，「美國可轉換公司債之研究」，證券市場發展季刊，13期，81年1月。
    11. 陳春山，「證券交易法論」，五南圖書出版公司，80年11月。
    12. 陳得源，「我國債券市場之檢討與改進」，中央銀行季刊，12卷2期，79年6月。
    13. 陳建志，「上市公司發行可轉換公司債之研究」，政治大學企業管理研究所未出版碩士論文，80年6月。
    14. 陳舜萍，「我國債券市場之現況與檢討」，證券市場發展季刊，9期，80年4月。
    15. 許誠洲，「台灣債券市場開發新型金融商品優先順序之研究」，中山大學企業管理研究所未出版碩士論文，80年6月。
    16. 溫芳郁，「多元資本市場更富籌資空間- -企業長期資金籌措之道」，會計研究月刊，54期，79年3月。
    17. 楊太平，「日本債券市場及其發展」，證券市場發展季刊，9期，80年4月。
    18. 劉佩玲，「轉換公司債問題之探討」，產業經濟，112期，79年11月。
    19. 各可轉換公司債發行公開說明書。

    英文部份：
    1. A vharya, S., "A Generalized Econometric Model and Tests of A Signalling Hypothesis With Two Discrete Signals", Journal of Finance, 43(2), 1988, pp413-429.
    2. Banks,J.S. and J.Sobel, "Equilibrium Selection In Signalling Games", Econometrica,55(3), 1987, pp647-661.
    3. Barnea,A. and Haugen,R.A. and L.W.Senbet, "A Rationale For Debt Maturity Structure and Call Provisions in the Agency Theoretic Framework", Journal of Finance, 35(5), 1980,ppI223-1234.
    4. Barnea,A. and Haugen,R.A. and L.W.Senbet, "Market Imper- fections, Agency Problems, and Capital Structure: A Review" , Financial Management, Summer 1981, pp7- 22.
    5. Boyce, W.M. and A.J.Kalotay, "Tax Differentials and Callable Bonds" , Journal of Finance, 34(4), 1979, 825- 838.
    6. Brennan, M. J. and E. S. Schwartz, "Analyzing Convertible Bonds", Journal of Financial and Quantitative Analysis, 15(4), 1980, 907-929.
    7. Brick,I.E. and S.A.Ravid, "On the Relevance of Debt Maturity Structure", Journal of Finance, 40(5), 1985, 1423-1437.
    8. Brick,I.E. and B.A. Wallingford, "The Relative Tax Benefits of Alternative Call Features In Corporate Debt", Journal of Financial and Quantitative Analysis, 20(1), 1985, 95-105.
    9. Carr, P., "The Valuation of Sequential Exchange Opportunities", Journal of Finance, 43(5), 1988, 1235-1256.
    10. Chang,C., "The Dynamic Structure of Optimal Debt Contracts", ... ,68- 86.
    11. Chen,A.H. and J.W.Kensinger, "Puttable Stock: A New Innovation in Equity Financing", Financial Management, Spring 1988, 27- 37.
    12. Dunn,K.B. and C.S.Spatt, "A Strategic Analysis of Sinking Fund Bonds", Journal of Financial Economics, 13, 1984, 399-423.
    13. Fisher, L. and R. L. Weil, "Copying with the Risk of Interest Rate Fluctuations: Return to Bondholders from Naive and Optimal Strategies" , Journal of Business, 44, 1976, pp408- 431.
    14. Flannery, M.J., "Asymmetric Information and Risky Debt Maturity Choice" , Journal of Finance, 41, 1986, 18- 38.
    15. Gertner,R. and R.Gibbons and D.Scharfstein, "Simultaneous Signalling to the Capial and Product Markets", Rand Journal of Economics, 19(2), 1988, 173-191.
    16. Glazer,J. and R.Israle, "Managerial Incentives and Financial Signalling in Product Market Competition", International Journal of Industrial Organization, 8, 1990, 271- 280.
    17. Han,L,M., "EquIlibrium In Debt Maturity Choices Under Asymmetric Information", Three Essays on Financial Contracts, The University of Texas at Austin, 1987, ppl-67.
    18. Harris, M. and A.Raviv, "A Sequential Signalling Model of Convertible ? De bt Call Po licy" , Journal 0 f Finance, 40(5), 1985, 1263- 128l.
    19. Ho, T. and R.F.Singer, "The Value of Corporate Debt with a Sinking Fund Provision", Journal of Business, 57, 1984, 315-336.
    20. J anjigian, V., "The Leverage Changing Consequences of Convertible Debt Financing", Financial Management, Autumn 1987, 15-21.
    21. Kalay, A., "Stockholder- Bondholder Conflict and Dividend Constraints", Journal of Financial Economics, 10, 1982, 211- 233.
    22. Kale,J.R. and T.H.Noe, "Risky Debt Maturity Choice In a Sequential Game Equilibrim", Journal of Financial Research, 13 (2), 1990, 155-165.
    23. Kalotay,A.J. "Sinking Funds and the Realized Cost of Debt", Financial Management, Spring 1982, 43- 54.
    24. Kim, Y.O., "Informative Conversion Ratios: A Signalling Approach", Journal of Financial and Quantitative Analysis, 25(2), 1990; 229-243.
    25. Kraus,A., "The Bond Refunding Decision In an Efficient Market", Journal of Financial and Quantitative Analysis, 8, 1973, pp 793- 806.
    26. Kreps,D.M., "Solution Concepts for Noncooperative Games", A Course in Microeconomics Theory ,Harvester Wheatsheaf , N. Y.,1990.
    27. Leland, B. and D.Pyle, "Informational Asymmetries, Financial Structure, and Financial Intermediation", Journal of Finance(May 1977), pp371- 387.
    28. Livingston,M. and S.Jain, "Flattening of Bond Yield Curves For Long Maturities", Journal of Finance, 37(1), 1982, 157-167.
    29. Malitz, I. , "On Financial Contracting: The Determinants of Bond Covenants", Financial Management, Summer 1986, 18-26.
    30. Marr,M. W. and J.P.Ogden, "Market Imperfections and the Choices of Maturity and Call Provisions in Corporate Debt", Journal of Business Research, 19, 1988, 17-31.
    31. Mitchell, K., "The Call, Sinking Fund, and Term- To-Maturity Features of Corporate Bonds : An Empirical Investigation", Journal of Financial and Quantitative Analysis, 26(2), 1991, 201- 222.
    32. Modigliani, F. and M.H.Miller, "The Cost of Capital, Corporation Finance and the Theory of Investment", American Economic Review (June 1958), pp261-297.
    33. Myers, S. C., "Determanants of Corporate Borrowing", Journal of Financial Economics, 5, 1977, 147-175.
    34. Myers, S. C., and N. S.Majluf, "Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have", Journal of Financial Economics, 13, 1984, pp187-221.
    35. Ofer, A.R. and A. Natarajan, "Convertible Call Policies- - An Empirical Analysis of an Information- Signalling Hypothesis" , Journal of Financial Economics, 19, 1987, 91-108.
    36. Ogden, J.P., "Determinants of the Relative Interest Rate Sensitivities of Corporate Bonds", Financial Management, Spring 1987, 22- 30.
    37. 0gden,J.P., "A Rationale For the Sinking-Fund Provision in a Quasicompetitive Corporate-Bond Market", Journal of Business Reserch, 16, 1988, 197-208.
    38. Robbins,E.H. and J.D.Schatzberg, "Callable Bonds: A Risk-Reducing Signalling Mechanism ", Journal of Finance, 41(4), 1986, 935- 949.
    39. Roberts, J., "A Signalling Model of Predatory Pricing", ... , 75-93.
    40. Rodriguez, R.J., "Default Risk, Yield Spreads, and Time To Maturity ", Journal of Financial and Quantitative Analysis, 23(1), 1988, 111-117.
    41. Ross,S.A., R.W.Westerfield and J.F.Faffe, Corporate Finance,2nd.,華泰書局, 1990.
    42. Scholes,M., "Taxes and the Pricing of Options", Journal of Finance, 32, 1976.
    43. Smith, C. W. and J.B. Warner, "On Financial Contracting : An Analysis of Bond Covenants", Journal of Financial Economics, 1979, 7, pp 117-161.
    44. Stiglitz, J., "On the Irrelevance of Corporate Financial Policy", American Economic Review (December 1974), pp851- 866.
    45. Thakor, A. V., "Game Theory in Finance", Financial Management, Spring 1991, 71-94.
    46. Thatcher, J. S., "The Choice of Call Provision Terms: Evidence of the Existence Agency Costs of Debt", Journal of Finance, 40(2), 1985, 549- 561.
    47. Van Horne,J.C., Financial Market Rates & Flows, 3rd., Prentice-Hall, New Jersey,1990.
    48. Wall, L. D., "Callable Bonds: A Risk- Reducing Signalling Mechanism--A Comment", Journal of Finance, 43(4), 1988, 1057-1065.
    49. Wernerfelt,B., "Umbrella Branding As a Signal of New Product Quality: An Example of Signalling by Posting a Bond", Rand Journal of Economics, 19(3), 1988, 458-466.
    Description: 碩士
    國立政治大學
    企業管理學系
    Source URI: http://thesis.lib.nccu.edu.tw/record/#B2002004492
    Data Type: thesis
    Appears in Collections:[企業管理學系] 學位論文

    Files in This Item:

    There are no files associated with this item.



    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback