国外上市公司困境研究及启示
财经研究 2002 年 第 28 卷第 06 期, 页码:19 - 24
摘要
参考文献
摘要
本文系统地对国外有关上市公司困境实证研究的文献进行了评述。对这些文献的评述既有助于研究者对这一领域有一个概览性的了解 ,也可以为我国上市公司的利益相关者规避风险提供一些借鉴方法。
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[3]BergerP .G .,OfekEliandSwaryItzhakInvestorValuationoftheAbandonmentOption[J].JurnalofFinancialEconomics,1996,42,257-287.
[4]Clark,KentandOfekEliMergersasaMeansofRestructuringDistressedFirms:AnEmpiricalInvestigation[J].JournalofFinancialandQuantitativeAnalysis,Vol.29,Issue4,Dec.1994.
[5]EberhartA .C .,AltmanE .I .,andAggarwalR .TheEquityPerformanceofFirmsEmergingfromBankruptcy[J].JournalofFinance,Nov.1998
[6]GilsonStuartC ..TransactionsCostsandCapitalStructureChoices:EvidencefromFinanciallyDistress[J].JournalofFinance,Vol.LII,No.1,March1997.
[7]HotchkissE .S .,andMooradianR .M ..AcquisitionsasaMeansofRestructuringFirmsinCharpter11[J].JournalofFinancialIntermediation,July1998.
[8]Jensen,MichaelC ..TheModernIndustrialRevolution,Exit,andtheFailureofInternalControlSystems[J].Jour nalofFinance,1993,48(3),831-880.
[9]Jensen,MichaelC .,andWarner,JeroldB ..TheDistributionofPoweramongCorporateManagers,ShareHoldersandDirectors[J].JournalofFinancialEconomics,1998,20,3-24.
[10]JohnKose,Lang,LarryH .P .,andNetterJeffry.TheVoluntaryRestructuringofLargeFirmsinResponsetoPer formanceDicline[J].JournalofFinance,Vol.XLVII,No.3July1992.
[11]KahyaE .andTheodossiouP ..PredictingFinancialDistress:ATimeSeriseCUSUMMethodology[R].SSRNWorkingPaperSeries,2000.
[12]KangJunKoo,ShivdasaniAnil.CorporateRestructuringDuringPerformanceDiclinesinJapan[J].JournalofFi nancialEuropean,46(1997)29-65.
[13]LaiJ .andSudarsanamS ..CorporateRestructuringinResponsetoPerformanceDecline:ImpactofOwnership,GovernanceandLenders[J].EuropeanFinanceReview1(1997)197-233.
[14]Ofek,Eli.CapitalStructureandFirmResponsetoPoorPerformance:AnEmpiricalAnalysis[J].JournalofFi nancialEconomics34(1993)3-30.
[15]Ohlson,J..FinancialRatiosandtheProbabilisticPredictionofBankruptcy[J].JournalofAccountingResearch,1989,Vol.18,pp.109-131.
[16]OplerTimC .,andTitmanSheridan.FinancialDistressandCorporatePerformance[J].JournalofFinance,Vol.XLIX .No.3July1994.
[17]陈静上市公司财务恶化预测的实证分析[J].会计研究,1999,(4).
[18]陈晓,陈治鸿.中国上市公司的财务困境预测[J].中国会计与财务研究,2000,(3).
[19]陈信元,张田余.资产重组的市场反应[J].经济研究,1999,(9).
[20]陈瑜.对我国证券市场ST公司预测的实证研究[J].经济科学,2000,(6).
[21]张爱民,祝春山,许丹健.上市公司财务失败的主成分预测模型及其实证研究[J].金融研究,2001,(3).
[2]AndradeG .,andKaplanS .HowCostlyIsFinancial(NotEconomic)Distress?EvidencefromHighlyLeveragedTransactionsthatBecameDistressed[J].JournalofFinance,1998,53,1443-1493.
[3]BergerP .G .,OfekEliandSwaryItzhakInvestorValuationoftheAbandonmentOption[J].JurnalofFinancialEconomics,1996,42,257-287.
[4]Clark,KentandOfekEliMergersasaMeansofRestructuringDistressedFirms:AnEmpiricalInvestigation[J].JournalofFinancialandQuantitativeAnalysis,Vol.29,Issue4,Dec.1994.
[5]EberhartA .C .,AltmanE .I .,andAggarwalR .TheEquityPerformanceofFirmsEmergingfromBankruptcy[J].JournalofFinance,Nov.1998
[6]GilsonStuartC ..TransactionsCostsandCapitalStructureChoices:EvidencefromFinanciallyDistress[J].JournalofFinance,Vol.LII,No.1,March1997.
[7]HotchkissE .S .,andMooradianR .M ..AcquisitionsasaMeansofRestructuringFirmsinCharpter11[J].JournalofFinancialIntermediation,July1998.
[8]Jensen,MichaelC ..TheModernIndustrialRevolution,Exit,andtheFailureofInternalControlSystems[J].Jour nalofFinance,1993,48(3),831-880.
[9]Jensen,MichaelC .,andWarner,JeroldB ..TheDistributionofPoweramongCorporateManagers,ShareHoldersandDirectors[J].JournalofFinancialEconomics,1998,20,3-24.
[10]JohnKose,Lang,LarryH .P .,andNetterJeffry.TheVoluntaryRestructuringofLargeFirmsinResponsetoPer formanceDicline[J].JournalofFinance,Vol.XLVII,No.3July1992.
[11]KahyaE .andTheodossiouP ..PredictingFinancialDistress:ATimeSeriseCUSUMMethodology[R].SSRNWorkingPaperSeries,2000.
[12]KangJunKoo,ShivdasaniAnil.CorporateRestructuringDuringPerformanceDiclinesinJapan[J].JournalofFi nancialEuropean,46(1997)29-65.
[13]LaiJ .andSudarsanamS ..CorporateRestructuringinResponsetoPerformanceDecline:ImpactofOwnership,GovernanceandLenders[J].EuropeanFinanceReview1(1997)197-233.
[14]Ofek,Eli.CapitalStructureandFirmResponsetoPoorPerformance:AnEmpiricalAnalysis[J].JournalofFi nancialEconomics34(1993)3-30.
[15]Ohlson,J..FinancialRatiosandtheProbabilisticPredictionofBankruptcy[J].JournalofAccountingResearch,1989,Vol.18,pp.109-131.
[16]OplerTimC .,andTitmanSheridan.FinancialDistressandCorporatePerformance[J].JournalofFinance,Vol.XLIX .No.3July1994.
[17]陈静上市公司财务恶化预测的实证分析[J].会计研究,1999,(4).
[18]陈晓,陈治鸿.中国上市公司的财务困境预测[J].中国会计与财务研究,2000,(3).
[19]陈信元,张田余.资产重组的市场反应[J].经济研究,1999,(9).
[20]陈瑜.对我国证券市场ST公司预测的实证研究[J].经济科学,2000,(6).
[21]张爱民,祝春山,许丹健.上市公司财务失败的主成分预测模型及其实证研究[J].金融研究,2001,(3).
引用本文
王震. 国外上市公司困境研究及启示[J]. 财经研究, 2002, 28(6): 19–24.
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