<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Earnings management and long-term market performance of initial public offering</SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.blackwell-synergy.com/doi/abs/10.1111/0022-1082.00079">http://www.blackwell-synergy.com/doi/abs/10.1111/0022-1082.00079</A></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">The operating performance of firms conducting seasoned equity offerings</SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.jstor.org/pss/2329466">http://www.jstor.org/pss/2329466</A></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Briloff and the capital market</SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.jstor.org/pss/2490317">http://www.jstor.org/pss/2490317</A></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Executive incentives and the horizon problem: An empirical investigation</SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.sciencedirect.com/science/article/B6V87-45S95YM-4/2/c3a1d3f9c4ba8326cd725715ef647671">http://www.sciencedirect.com/science/article/B6V87-45S95YM-4/2/c3a1d3f9c4ba8326cd725715ef647671</A></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><STRONG><FONT face=Arial size=4>Causes and Consequences of Aggressive Financial Reporting Policies</FONT></STRONG><BR>&nbsp;&nbsp;&nbsp;&nbsp;</SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=5485#PaperDownload">http://papers.ssrn.com/sol3/papers.cfm?abstract_id=5485#PaperDownload</A></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Dividend Policy</SPAN><SPAN style="; FONT-FAMILY: 宋体; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'">，</SPAN><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Growth</SPAN><SPAN style="; FONT-FAMILY: 宋体; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'">，</SPAN><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">and the Valuation of Shares</SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.journals.uchicago.edu/doi/abs/10.1086/294442#masthead">http://www.journals.uchicago.edu/doi/abs/10.1086/294442#masthead</A></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">The structure of Ownership and the Theory of the Firm</SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.jstor.org/pss/725108">http://www.jstor.org/pss/725108</A></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">The Structure of Corporate Ownership</SPAN><SPAN style="; FONT-FAMILY: 宋体; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-ascii-font-family: 'Times New Roman'; mso-hansi-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'">：</SPAN><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Causes and Consequences</SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.journals.uchicago.edu/doi/abs/10.1086/261354">http://www.journals.uchicago.edu/doi/abs/10.1086/261354</A></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Alterative Mechanismsfor corporate control</SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.jstor.org/pss/1827936">http://www.jstor.org/pss/1827936</A></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Were the Good Old Days That Good Changes in Managerial Stock Ownership Since the Great Depression</SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.blackwell-synergy.com/doi/abs/10.1111/0022-1082.00114">http://www.blackwell-synergy.com/doi/abs/10.1111/0022-1082.00114</A></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">The Constant elasticity of variance option pricing model</SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.iijournals.com/JPM/DEFAULT.ASP?Page=2&amp;ISS=10106&amp;SID=409592">http://www.iijournals.com/JPM/DEFAULT.ASP?Page=2&amp;ISS=10106&amp;SID=409592</A></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">The constant elasticity of variance model and it implications for option pricing</SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.jstor.org/pss/2327490">http://www.jstor.org/pss/2327490</A></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">Further results on the constant elasticity of variance call option pricing model</SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><A href="http://www.jstor.org/pss/2330906">http://www.jstor.org/pss/2330906</A></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><SPAN lang=EN-US style="; FONT-FAMILY: 'Times New Roman'; mso-bidi-; mso-font-kerning: 1.0pt; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">谢谢.太麻烦了.</SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></P>
<P align=right><FONT color=#000066>[此贴子已经被作者于2008-6-25 18:31:13编辑过]</FONT></P>