《细细解说投资银行:投行的逻辑》

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细细解说投资银行:投行的逻辑- 第13部分


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11。3我国商业银行参与并购交易的几点建议(3)
Carter; R。 B。; and S。 Manaster; 1990。 〃Initial Public Offerings and Underwriter Prestige〃; Journal of Finance 45(4); 1045…1068。
  Chatterjee; S。; 1986。 “Types of Synergy and Economic Value: The Impact of Acquisitions on Merging and Rival Firms”; Strategic Management Journal 7 (2); 119…139。
  Chemmanur; T。 and Fulghieri; P。; 1994。 “Investment Bank Reputation; Information Production; and Financial Intermediation”; Journal of Finance; 49; 57…59。
  ment; R。 and G。 William Schwert; 1995; “Poison or Placebo? Evidence on the Deterrence and Wealth Effects of Modern Antitakeover Measures”; Journal of Financial Economics 39; 3…43。
  Corwin; S。 and J。 H。 Harris; 2001。 〃The Initial Listing Decisions of Firms That Go Public〃; Financial Management; Spring 2001; 35…55。
  Cotter; ; Zenner; M。; 1994; How Managerial Wealth Affects the Tender Offer Process; Journal of Financial Economics 35; 63…97。
  Daley; L。; Subramaniam; C。; 1995; Free Cash Flow; Golden Parachutes; and the Discipline of Takeover Activity; Working Paper; University of Alberta; Edmonton; AB。
  Diamond; D。 W。; 1991; 〃Monitoring and Reputation: The Choice Between Bank Loans and Direct Placed Debt;〃 Journal of Political Economy 99(4); 689…721。
  Dodd; P。 and R。 Ruback; 1977; 〃Tender Offers and Stockholder Returns; An Empirical Analysis〃; Journal of Financial Economics 5; 351…373。
  Dunbar; C。; 1998; “The Choice between Firm…mitment and Best…efforts Offering Methods in IPOs: the Effect of Unsuccessful Offers”; Journal of Financial Intermediation 7; 60…90。
  Dunbar; G。 C。; 2000; “Factors Affecting Investment Bank Initial Public Offering Market Share〃;Journal of Financial Economics 55; 3…41。
  Eccles; D。; and Crane; D。; 1988; “Doing Deals: Investment Banks at Work”; Harvard Business School Press; Boston; MA。
  Eckbo; ; 1983; 〃Horizontal Mergers; Collusion and Stockholder Wealth;〃 Journal of Financial Economics; 11; 241…273。
  Eckbo; E。; 1992。 〃Mergers and the Value of Antitrust Deterrence〃。 Journal of Finance 47; 1005…1029。
  Falaschetti; D。; 2002; 〃Golden Parachutes: Credible mitments or Evidence of Shirking?〃; Journal of Corporate Finance 8; 159…178。
  Fama; Eugene F。; 1980; 〃Agency Problems and Theory of the Firm〃; Journal of Political Economy; 88; 288…307。
  Fishman; M。; 1989; 〃Preemptive Bidding and the Role of the Medium of Exchange in Acquisitions〃; Journal of  Finance 44; 41…58。
  Franks; J。; R。 Harris and S。 Titman; 1991; 〃The Postmerger Share…Price Performance of Acquiring Firms〃; Journal of Financial Economics; 29; 81…96。
  Ghosh; A。; 2001; 〃 Does Operating Performance  Really Improve Following Corporate Acquisitions?〃; Journal of Corporate Finance 7; 151…178。
  Ghosh; A。; Ruland; W。; 1998; 〃Managerial Ownership; Method of Payments for Acquisitions; and Executive Job Retention;〃 Journal of Finance 53; 785…798。。 最好的txt下载网

11。3我国商业银行参与并购交易的几点建议(4)
Hansen; R。 and P。 Torregrosa; 1992; 〃Underwriter pensation and Corporate Monitoring〃; Journal of Finance; Vol。 XLVII; No。 4。; 1537…1555。
  Hansen; G。 R。; 1987; 〃 A Theory for the Choice of Exchange Medium in Mergers and Acquisitions〃; Journal of Business; Vol。 60; ; 75…95。
  Hanson; R。 and M。 H。 Song; 2000; 〃Managerial Ownership; Board Structure; and the Division of Gains in Divestitures〃; Journal of Corporate Finance; 6; 55…70。
  Hart; O。 and B。 Holmstrom; 1986; 〃The Theory of Contracts; Unpublished Working Paper Massachusetts Institute of Technology; Cambridge; MA)。
  Hartzell; J。; E。 Ofek and D。 Yermack; 2000; 〃Personal Benefits Obtained by CEOs Whose Firms are Acquired〃; Working paper。
  Healy; Paul; Krisha Palepu; and Richard Ruback; 1990; Do Mergers Improve Corporate Performance? Working Paper; Sloan School; Massachusetts Institute of Technology。
  Healy; ; Palepu; ; Ruback; ; 1992; 〃Does Corporate Performance Improve after Mergers?〃; Journal of Financial Economics 31; 135…175。
  Hite; ; Owers; J。; Rogers; R。; 1987。 The Market for Interfirm Asset Sales; Partial Sell…offs and Total Liquidations; Journal of Financial Economics 18; 229…252。
  Hunter; ; 1987。 “On Investment Banking and Merger Market Efficiency;”Federal Reserve Bank of Atlanta Walking Paper 87…7; October; 1987。
  Hunter; ; Julapa; 2003。 “An Analysis of Advisor Choice; Fees; and Effort in Mergers and Acquisitions”; Review of Financial Economics 12; 65…81。
  James; C。; 1992; “Relationship…specific Assets and the Pricing of Underwriter Services”; Journal of Finance 47; 1865…1885。
  Jarrell; ; and ; 1989。 〃The Returns to Acquiring Firms in Tender Offers: Evidence from Three Decades〃; Financial Management; Autumn 1989; 12…19。
  Jensen; M。 and J。 Warner; 1988; 〃The Distribution of Power among Corporate Managers; Shareholders; and Directors〃; Journal of Financial Economics; 20; 3…24。
  Jensen; C。 M。 and  Ruback; 1983。 〃The Market for Corporate Control。 The Scientific Evidence〃。 Journal of Financial Economics 11; 5…50。
  Johannesson; Henrik; 2000; “Hostile Tender Offers and Anti…takeover Defense —A parative Analysis based on a Law and Finance Approach”; Working Paper; University of Lund。
  Johnson; M。 J。 and R。 E。 Miller; 1988; 〃Investment Banker Prestige and Underpricing of Initial Public Offerings〃; Financial Management; Summer 1988; 19…29。
  Kaplan; N。 S。 and Weisbach S。 M。; 1992; 〃The Success of Acquisitions: Evidence from Divestitures〃; Journal of Finance; Vol。 XLVII; ; 107…138。
  Kim; ; and McConnell; J。; 1977。 〃Corporate Mergers and the Co…Insurance of Corporate Debt。〃 Journal of Finance 32; 349…365。
  Kohers; N。 and T。 Kohers; 2001; 〃Takeovers of Technology Firms: Expectations vs。 Reality〃; Financial Management; Autumn 2001; 35…54。。 最好的txt下载网

11。3我国商业银行参与并购交易的几点建议(5)
Kosnik; D。 Rita and D。 L。 Shapiro; 1997; “Agency Conflicts between Investment Banks and Corporate Clients in Merger and Acquisition Transactions: Causes and Remedies〃; Academy of Management Executive; Vol。 11 
  Kumar; ; ; 1993; 〃Asymmetric Information; Investment Banking Contracts and the Certification Hypothesis〃; Journal of Banking and Finance; 17; 1993; 117…129。
  Langetieg; C。 T。; 1978; 〃An Application of A Three…factor Performance Index to Measure Stockholders Gains from Merger〃; Journal of Financial Economics; 6; 1978; 365…383。
  Lefanowicz; E。 C。; J。 R。 Robinson; and R。 Smith; 2000; 〃Golden Parachutes and Managerial Incentives in Corporate Acquisitions: Evidence from the 1980s  and 1990s〃; Journal of Corporate Finance; 6; 215…239。
  Lewellen; O。 W。; 1971。 〃 A Pure Financial Rationale for the Conglomerate Merger。〃 Journal of Finance 26; 521…537。
  Lewellen; W。; C。 Loderer; and A。 Rosenfeld; 1985; 〃Merger Decisions and Executive Ownership in Acquiring Firms;〃 Journal of Accounting and Economics; 7; 209…231。
  Livingston; M。 and R。 Miller; 2000; 〃Investment Bank Reputation and the Underwriting of Nonconvertible Debt〃; Financial Management; Summer 2000; 21…34。
  Loderer; C。 and K。 Martin; 1992; 〃Postacquisition Performance of Acquiring Firms〃; Financial Management; Autumn 1992; 69…79。
  Loughran; T。; Ritter; ; 1995; “The New Issues Puzzle”; Jo

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