Research in finance. [electornic resources] Vol. 19
- 其他作者：
- 出版： Bingley, U.K. : Emerald 2002.
- 叢書名： Research in finance ,
- 主題： Finance--Research , Banks and banking
- ISBN： 9781849501781
- URL：
Connect to Emerald resource
- 一般註：99年度中區共購共享電子書 Introduction / Andrew H. Chen -- Ownership structure, agency costs and dividend policy / Mukesh Bajaj, Anand M. Vijh, Randolph W. Westerfield -- Managerial entrenchment and the effectiveness ofinternal governance mechanisms / Mark M. McNabb, John D. Martin -- An empirical analysis of the association between CEO compensation and firm performance : a relative excess value ratio approach / Joohun Kang, Khondkar E. Karim, Robert W. Rutledge -- The relationship between systematic risk and underpricing of the IPO market / Mohamad A. Almisher, Stephen G. Buell, Richard J. Kish -- Hidden cost reductions in bank mergers : accounting formore productive banks / Simon H. Kwan, James A. Wilcox --The likelihood and extent of banks' involvement with interest rate derivatives as end users / Jeffery W. Gunther, Thomas F. Siems -- The determinants of derivative use by U.S. and foreign banks / Yih-Wen Shyu, Alan K. Reichert -- The impact of regulatory changes on banks' risks and returns in Taiwan / Hsien-yu Yin, Soushan Wu, Ding-yuan Chen -- The market value anddynamic interest rate risk of swaps / Andrew H. Chen, Mohammed M. Chaudhury -- The analysis of duration and immunization strategy under the HJM term structure framework / Chuang-Chang Chang, Ra-Jian Ho -- The lead-lag relation between spot and option markets and implied volatility in option prices / Phelim P. Boyle, Soku Byoun, Hun Y. Park -- Syndication among venture capitalists : when and with whom / Amit Bubna
-
讀者標籤：
- 系統號： 000218705 | 機讀編目格式
館藏資訊
摘要註
Since its first appearance in 1979, Research in Finance has been publishing papers that coverimportant and interesting issues in finance and economics. The topics found in the series span a wide range; previous volumes have included papers on corporate financial management policy, asset pricing and investment management, corporate control and governance, bank regulations and management, and the analysis of financial derivatives and their applications in risk management and in venture capital investment. These papers, among others, have made significant contributions to the literature. In this volume, Bajaj, Vijh and Westerfieldpresent evidence showing that ownership structure affectsa firm's agency costs of cash flow, which, in turn, influences the market's reaction to changes in the firm's dividend policy.McNabb and Martin examine the relationship between managerial entrenchment and the effectiveness ofinternal governance mechanisms and the firm performances. In their paper, Kang, Karim and Rutledge apply a relative excess value ratio approach to empirically examine the association between the CEO compensationsand the firms' performances. And Almisher, Buell and Kish, using accounting beta as a proxy for ex ante systematic risk of a firm, find a strong positive relationship between the firm's systematic risk and the subsequent degree of underpricing of its IPO. Also in this volume, Kwan and Wilcox show the disparity between accounting and actual cost reductions in bank mergers, and point out the importance of avoiding the accounting bias in reporting the cost reduction in bank mergers.Gunther and Siems empirically find that a desire to hedge balance sheet positions and having a strong capital position are the key motivations for banks' involvement in derivatives activities. Shyu and Reichert examine the key financial and regulatory factors that determine thederivatives activities of both U.S. and foreign banks. In their paper, Yin, Wu and Chen explore thejoi