（Journal of Corporate Finance all articles (from 2004-2007 in press)四）

2007/04/16 14:17

Volume 10, Issue 3, Pages 327-494 (June 2004) 1.      Corporate governance of Japanese banks（公司治理） 2.      Ownership and operating performance in an emerging market: evidence from Thai IPO firms （IPO） 3.      The investment opportunity set, director ownership, and corporate policies: evidence from an emerging market （公司治理）（——投资、所有权、公司政策） 4.      Underpricing and long-term performance of IPOs in China （IPO） 5.      Board composition and earnings management in Canada （公司治理）（——管理者报酬） 6.      The impact of the costs of subscription on measured IPO returns: the case of Asia （IPO） 7.      Efficiency of French privatizations: a dynamic vision（公司治理）（私有化） Volume 10, Issue 2, Pages 229-326 (March 2004) 8.      Entrepreneurship and financial constraints in Thailand（公司治理） 9.      IPO underpricing and outside blockholdings （IPO） 10.  Net value: wealth creation (and destruction) during the internet boom (网络兴起与公司价值) 11.  Entrepreneurial finance: an overview of the issues and evidence （公司治理） Volume 10, Issue 1, Pages1-227 (January 2004) 12.  Investigating the economic role of mergers（并购） 13.  Compensation and recruiting: private universities versus private corporations （公司治理）（——报酬与招聘） 14.  The market for corporate control in a bank-based economy: a governance device?（公司治理） 15.  Equity sales in Belgian corporate groups: expropriation of minority shareholders? A clinical study （公司治理）（权益出售） 16.  Corporate diversification and asymmetric information: evidence from stock market trading characteristics（公司分散、信息不对称） 17.  Staged financing in venture capital: moral hazard and risks （风险投资） 18.  The “CalPERS effect” revisited （公司治理） 19.  Determinants of hedging and its effects on investment and debt （套期保值） 20.  The impact of public opinion on board structure changes, director career progression, and CEO turnover: evidence from CalPERS' corporate governance program （公司治理） 从2004到2005年公司金融的权威期刊JCF（SCI索引）上文章共77篇，其中公司治理相关有38篇，占49%；决策（11），IPO相关（6），风险相关（6），融资和投资（6），法律相关（1），市场相关（2），期权（2），并购（4），资产定价（1），公司组织结构（2），这段时间内的公司治理集中在私有化，管理者激励等方面，并购也是一个研究热点，IPO热度依旧，投融资决策文章也不少。 综上，公司金融的核心研究集中在公司治理层面上，这里面又以公司控制权研究，管理者激励（代理问题），公司体制机构（比如家族企业，私有化等），外部环境与公司绩效等公司治理的核心问题研究尤为突出；接下来就是投融资决策，这是公司金融的一个重要方面，也是老生常谈的话题；其次就是IPO研究和风险研究，始终保持着一定的研究热度，最后是逐渐降温的并购研究，和其他相关研究（期权相关，资产定价，法律金融等）。

Volume 11, Issue 3, Pages 427-608 (June 2005)

1.      An empirical investigation of corporate asset downsizing （公司治理）（——减少公司资产的原因）

2.      Investment and internal funds of distressed firms （公司投资与融资）

3.      The role of self-regulation in corporate governance: evidence and implications from The Netherlands （公司治理）（——公司自调节）

4.      Interpreting logit regressions with interaction terms: an application to the management turnover literature （决策）

5.      Replacement versus adaptation investments and equity value （决策）

6.      Capital structure in venture finance （资本结构与风险融资）

7.      Sources of funds and investment activities of venture capital funds: evidence from Germany, Israel, Japan and the United Kingdom （风险资本融资）

Volume 11, Issues 1-2, Pages 1-426 (March 2005)

8.      Liquidity risk, leverage and long-run IPO returns（风险管理）

9.      Outside directors and corporate board decisions （公司治理）（——独立董事决策）

10.  When is enough, enough? Market reaction to highly dilutive stock option plans and the subsequent impact on CEO compensation （股票期权）

11.  Additions to corporate boards: the effect of gender （公司治理）

12.  Family ownership and productivity: the role of owner-management（公司治理）（——家族企业）

13.  Bankers on the board and the debt ratio of firms（决策）

14.  Why do CEOs reciprocally sit on each other's boards? （公司治理）

15.  Corporate governance practices, CEO characteristics and firm performance （公司治理）

16.  Compensation for managers with career concerns: the role of stock options in optimal contracts （股票期权）（管理者报酬）

17.  Dismantling internal capital markets via spinoff: effects on capital allocation efficiency and firm valuation （资本市场效率与公司价值）

18.  The impact of leverage on firm investment: Canadian evidence （公司融资结构与投资）

19.  Does operating performance increase post-takeover for UK takeovers? A comparison of performance measures and benchmarks （并购）

20.  Managerial actions in response to a market downturn: valuation effects of name changes in the dot.com decline （决策）（——网络公司的名称价值）

21.  Are they still called late? The effect of notice period on calls of convertible bonds （公司融资-可转债赎回）

22.  Financial liberalization and the stability of currency pegs （决策）

23.  When do German firms change their dividends? （决策）

24.  A comparison of Merton's option pricing model of corporate debt valuation to the use of book values （资产定价）

Volume 10, Issue 5, Pages 659-775 (November 2004)

25.  Sailing in rough water: market volatility and corporate finance （市场波动与公司金融）

26.  Financing decisions and bidder gains （决策）

27.  Corporate governance, investor protection, and performance in emerging markets （公司治理）

28.  Cross-country evidence on the value of corporate industrial and international diversification （决策）（——公司分散化）

29.  Putable common stock （IPO抑价）

Volume 10, Issue 4, Pages 495-658 (September 2004)

30.  Speculation spreads and the market pricing of proposed acquisitions （并购）（——市场定价）

31.  Governance, performance objectives and organizational form: evidence from hospitals (公司治理)

32.  Margin regulation and market quality: a microstructure analysis （监管）

33.  Underwriter short covering in the IPO aftermarket: a clinical study （IPO）

34.  Investment opportunity set, corporate governance practices and firm performance （公司治理）

35.  Stock options and employees' firm-specific human capital under the threat of divestitures and acquisitions （期权）（股票激励）

36.  An analysis of a strategy for management to separate and reward supportive shareholders （公司治理）

Volume 12, Issue 2, Pages 159-380 (January 2006)

42. Book building, the option to withdraw, and the timing of IPOs  定价（IPO）

43.    Legality and venture capital exits  （风险投资）

44.    Blockholder ownership: Effects on firm value in market and control based governance systems （公司治理）（——集中所有权）

45.    The price of power: Valuing the controlling position of owner–managers in French IPO firms  (公司治理)（——控制权价值）

46.    Structuring the IPO: Empirical evidence on the portions of primary and secondary shares（IPO）  

47.    Family ownership and firm performance: Empirical evidence from Western European corporations  （公司治理）（——家族企业）

48.    Recapitalization of one class of common stock into dual-class: Growth and long-run stock returns  （投资 定价）

49.    Employee stock options in compensation agreements: A financing explanation  （期权）（员工报酬合约）

从06年到07年至今（包括待发表）公司金融的权威期刊JCF（SCI索引）上文章共49篇，其中公司治理相关有27篇，占55%之多（集中在控制权，管理者激励等方面）；IPO相关（4），投资（3）和决策（5），风险相关（3），法律相关（1），金融市场（1），期权（1），并购（1）（研究有所降温），资产定价（1），公司组织结构（1），成长性（1），据此可大致看出目前公司金融领域的研究热点所在。

Part II Volume 12, Issue 1, Pages 1-158 (December 2005)

1.      What motivates managers?: Evidence from organizational form changes（公司治理）（——管理层激励）

2.      Operating performance following dividend decreases and omissions （公司治理）

3.      Backing into being public: an exploratory analysis of reverse takeovers （反向收购）

4.      Executive compensation and risk: The case of internet firms （代理问题）

5.      Post-listing underperformance: Is it really bad to move trading locations?（公司治理）

6.      Why individual investors want dividends （投资分析）

Volume 11, Issue 5 Pages 747-946 (October 2005)

7.      Effect of institutional and firm-specific characteristics on post-privatization performance: Evidence from developed countries （公司治理）（私有化）

8.      Liberalization, corporate governance and the performance of privatized firms in developing countries （公司治理）（私有化）

9.      Can corporatization improve the performance of state-owned enterprises even without privatization?（公司治理）（——SOE法人化）

10.  Effects of law on corporate financing practices—international evidence from convertible bond issues（法律与公司融资）

11.  Management compensation and earnings-based covenants as signaling devices in credit markets （公司治理）（——管理层激励）

12.  The impact of hedging on the market value of equity （风险对冲）

13.  Debt, debt structure and corporate performance after unsuccessful takeovers: evidence from targets that remain independent （收购对公司的影响）

14.  Equity financing in a Myers–Majluf framework with private benefits of control （公司融资）

Volume 11, Issue 4, Pages 609-746 (September 2005)

15.  The impact of firm size on pay–performance sensitivities （公司治理）

16.  Investment, cash flow, and corporate hedging （风险对冲）

17.  Ownership structure, managerial behavior and corporate value （公司治理）（——管理者所有权与公司价值）

18.  Inside ownership beyond the IPO: the evolution of corporate ownership concentration （公司治理）（IPO，上市公司所有权问题）

19.  Outside director compensation policy and the investment opportunity set （公司治理）（——独立董事报酬与投资机会）

20.  Corporate control, expected underpricing, and the choice of issuance mechanism in unseasoned equity markets （公司融资）

21.  Bankruptcy bargaining with outside options and strategic delay （决策）

Part I In press

1. How employee stock options and executive equity ownership affect long-term IPO operating performance  （公司治理）（公司治理与IPO）

2. Do independent directors and chairmen matter? The role of boards of directors in mutual fund governance  （公司治理）（——独立董事）

3. The impact of regulation Fair Disclosure on investors' prior information quality — Evidence from an analysis of changes in trading volume and stock price reactions to earnings announcements  （公司治理）（SEC公平披露原则的效应）

4. SEC Regulation Fair Disclosure, information, and the cost of capital  （公司治理）（公平披露原则与资本成本）

5.  Is there less informed trading after regulation fair disclosure?  （公司治理）（SEC公平披露原则的效应）

6.    An inconsistency in SEC disclosure requirements? The case of the “insignificant” private target （公司治理）（SEC公平披露原则的效应）

Volume 13, Issue 1, Pages 1-188 (March 2007)

7. Dual-class premium, corporate governance, and the mandatory bid rule: Evidence from the Brazilian stock market  （公司治理）

8.    Why do companies include warrants in seasoned equity offerings? （公司治理）（公司融资）

9.    Corporate precautionary cash holdings  （公司融资）

10.    The allocation of control rights in pharmaceutical alliances  （公司治理）

11.    Corporate governance and the spinoff decision  （公司治理）

12.    Valuation of defaultable bonds and debt restructuring （资产定价）

13.    A valuation-based test of market timing  （决策）

14.    Event studies with a contaminated estimation period  （决策）

15.    Incentives for on-market buy-backs: Evidence from a transparent buy-back regime （决策）

16.    Termination risk and managerial risk taking  （风险管理）

Volume 12, Issue 5, Pages 855-954 (December 2006)

17.   Corporate philanthropic practices  （公司治理）

18.    The effect of stock splits on clientele: Is tick size relevant?  （决策）（股票分割价值相关性）

19.    Issuer-oriented underpricing costs in initial public offers: Evidence from Hong Kong（IPO抑价）

20.    Insider ownership and corporate performance: Evidence from the adjustment cost approach （公司治理）

21.    Stock exchange self-listing and value effects  （证券交易所上市）

Volume 12, Issue 4, Pages 693-854 (September 2006)

22. Corporate performance and CEO compensation in China  （公司治理）

23.    The evolution of shareholder voting for executive compensation schemes  （公司治理）

24.    The specification and power of tests to detect abnormal changes in corporate investment  （公司投资）

25.    The effect of agency costs on the value of single-segment and multi-segment firms  （公司治理与企业价值）

26.    Can growth opportunities explain the diversification discount?  （成长性与企业价值）

27.    Organizational complexity and CEO labor markets: Evidence from diversified firms  （公司组织结构）

28.    Signaling in the Internet craze of initial public offerings  （决策）（IPO）

29.    is operational hedging a substitute for or a complement to financial hedging? （风险）

Volume 12, Issue 3, Pages 381-692 (June 2006)

30. CEO compensation, director compensation, and firm performance: Evidence of cronyism? （公司治理）（——管理者报酬与公司价值）

31.    Ownership structure, corporate governance, and fraud: Evidence from China （公司治理）（——所有权结构与公司行为）

32.    The interaction among multiple governance mechanisms in young newly public firms  （公司治理）

33.    Is there a dark side to incentive compensation? （公司治理）（——管理者报酬）

34.    Empire-builders and shirkers: Investment, firm performance, and managerial incentives  （公司治理）（管理层报酬）

35.    Can the agency costs of debt and equity explain the changes in executive compensation during the 1990s? （代理问题）（管理者报酬）

36.    Do pills poison operating performance? （并购）

37.    Capital market governance: How do security laws affect market performance?  （法律与资本市场效率）

38.    Large blocks of stock: Prevalence, size, and measurement  （集中所有权的测度）

39.    Are outsiders handicapped in CEO successions?  （公司治理）（——管理层继任）

40.    A model of the supply of executives for outside directorships （公司治理）（——独立董事）

41.    Predicting firms' corporate governance choices: Evidence from Korea  （公司治理）