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现代金融理论前沿推荐文献（二）

——行为公司金融文献选读

中国人民大学经济学院 周业安

一、 行为经济学基础

1、Kahneman, D. “Maps of Bounded Rationality: Psychology for Behavioral Economics”,AMERICAN ECONOMIC REVIEW, December 2003, p.1449-1475.中文参见《比较》第13辑，第17－51页。

2、Kahneman, D., Tversky, A. “Prospect theory: An analysis of decision under risk”,Econometrica, v47 n2, March 1979, p.263-91.

3、史莱佛，2003，《并非有效的市场——行为金融学导论》，第一章。

二、 行为公司金融——融资决策

1、Baker, Malcolm and Jeffrey Wurgler (2002), “Market Timing and Capital Structure,” Journal of Finance 57: 1-32.

2、Baker, Malcolm, Joshua Coval and Jeremy C. Stein (2004), “Corporate Financing Decisions When Investors Take the Path of Least Resistance,” Harvard working paper.

三、 行为公司金融——投资决策（一）

1、Stein, Jeremy C. (1996), “Rational Capital Budgeting in an Irrational World,” Journal of Business 69: 429-455.

2、Heaton, J.B. (1998), “Managerial Optimism and Corporate Finance,” Financial Management.

3、Bertrand, Marianne and Antoinette Schoar, (2003) “Managing with Style: The Effect of Managers on Firm Policies,” Quarterly Journal of Economics 118:1169-1208.

四、 行为公司金融——投资决策（二）

1、Baker, Malcolm, Jeffrey Wurgler and Jeremy C. Stein (2003), “When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms,” Quarterly Journal of Economics118: 969-1005.

2、Malmendier, Ulrike and Geoff Tate, (2004) “CEO Overconfidence and Corporate Investment,”Journal of Finance, forthcoming.

3、Gervais， Simon,J. B. Heaton, and Terrance Odean, 2002, "The Positive Role of Overconfidence and Optimism in Investment Policy,"Finance Department, Wharton School, University of Pennsylvania,working paper.

五、 行为公司金融——股利政策

1、Shefrin, Hersh and Meir Statman, 1984, Explaining investor preference for cash dividends,Journal of Financial Economics 13, 253-282.

2、Baker, Malcolm and Jeffrey Wurgler (2004), “A Catering Theory of Dividends,” Journal of Finance, 3: 1125-1165.

六、 行为公司金融——首发

1、Loughran, Tim, and Jay R. Ritter (2002) “Why don’t issuers get upset about leaving money on the table in IPOs?” Review of Financial Studies 15, 413-443.

2、Ljungqvist, A., V. Nanda, and R. Singh, 2004, Hot Markets, Investor Sentiment, and IPO Pricing, Journal of Business, forthcoming.

七、 行为公司金融——并购（一）

1、Shleifer, Andrei and Robert Vishny (2003), “Stock Market Driven Acquisitions,” Journal of Financial Economics 70: 295-311. 中文参见史莱佛，2003。

2、Friedman, John, (2004), “Stock Market Driven Acquisitions: Theory and Evidence,” Harvard working paper. (Awaiting the paper from John)

八、 行为公司金融——并购（二）

1、Roll, Richard (1986), “The Hubris Hypothesis of Corporate Takeovers,” Journal of Business 59:197-216.

2、Malmendier, Ulrike and Geoff Tate, (2004) “Who Makes Acquisitions? A Test of the Overconfidence Hypothesis,” Stanford working paper.

九、 行为公司金融－公司治理和金融决策

1、Willianmson, O.E.(1988), “Corporate Finance and Corporate Governance,”Journal of Finance43: 567-92.中文参见李维安和张俊喜（主编），《公司治理前沿（经典篇）》，中国财政经济出版社，2004。

2、Morck， Randall，2004，“Behavioral Finance in Corporate Governance-Independent Directors and Non-Executive Chairs”，Harvard Institute of Economic Research，Discussion Paper Number 2037，Harvard University. http://post.economics.harvard.edu/hier/2004papers/2004list.html

[此贴子已经被作者于2005-4-4 12:42:09编辑过]