臺大管理論叢第31卷第1期

112 Executive Stock Options, Corporate Cash Holdings and M&A Decisions Core, J., and Guay, W. 2002. Estimating the value of employee stock option portfolios and their sensitivities to price and volatility. Journal of Accounting Research, 40 (3): 613-630. Croci, E., and Petmezas, D. 2015. Do risk-taking incentives induce CEOs to invest? Evidence from acquisitions. Journal of Corporate Finance, 32 (C): 1-23. Datta, S., Iskandar-Datta, M., and Raman, K. 2001. Executive compensation and corporate acquisition decisions. The Journal of Finance, 56 (6): 2299-2336. Duan, J. C., and Wei, J. 2005. Executive stock options and incentive effects due to systematic risk. Journal of Banking and Finance, 29 (5): 1185-1211. Fu, F., Lin, L., and Officer, M. S. 2013. Acquisitions driven by stock overvaluation: Are they good deals?. Journal of Financial Economics, 109 (1): 24-39. Fuller, K., Netter, J., and Stegemoller, M. 2002. What do returns to acquiring firms tell us? Evidence from firms that make many acquisitions. The Journal of Finance, 57 (4): 1763-1793. Furfine, C. H., and Rosen, R. J. 2011. Mergers increase default risk. Journal of Corporate Finance, 17 (4): 832-849. Guay, W. R. 1999. The sensitivity of CEO wealth to equity risk: An analysis of the magnitude and determinants. Journal of Financial Economics, 53 (1): 43-71. Harford, J. 1999. Corporate cash reserves and acquisitions. The Journal of Finance, 54 (6): 1969-1997. Harford, J., Mansi, S. A., and Maxwell, W. F. 2008. Corporate governance and firm cash holdings in the U.S. Journal of Financial Economics, 87 (3): 535-555. Harford, J., and Uysal, V. B. 2014. Bond market access and investment. Journal of Financial Economics, 112 (2): 147-163. Haugen, R. A., and Senbet, L. W. 1981. Resolving the agency problems of external capital through options. The Journal of Finance, 36 (3): 629-647. Ittner, C. D., Lambert, R. A., and Larcker, D. F. 2003. The structure and performance consequences of equity grants to employees of new economy firms. Journal of Accounting and Economics, 34 (1-3): 89-127. Jemison, D. B., and Sitkin, S. B. 1986. Corporate acquisitions: A process perspective. Academy of Management Review, 11 (1): 145-163. Jensen, M. C. 1986. Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review, 76 (2): 323-329.

RkJQdWJsaXNoZXIy ODg3MDU=