113 NTU Management Review Vol. 31 No. 1 Apr. 2021 Langetieg, T. C., Haugen, R. A., and Wichern, D. W. 1980. Merger and stockholder risk. Journal of Financial and Quantitative Analysis, 15 (3): 689-717. Lewellen, K. 2006. Financing decisions when managers are risk averse. Journal of Financial Economics, 82 (3): 551-589. Lintner, J. 1965. The valuation of risk assets and the selection of risky investments in stock portfolios and capital budgets. The Review of Economics and Statistics, 47 (1): 13-37. Liu, Y., and Mauer, D. C. 2011. Corporate cash holdings and CEO compensation incentives. Journal of Financial Economics, 102 (1): 183-198. Low, A. 2009. Managerial risk-taking behavior and equity-based compensation. Journal of Financial Economics, 92 (3): 470-490. Lubatkin, M. 1983. Mergers and the performance of the acquiring firm. Academy of Management Review, 8 (2): 218-225. Lubatkin, M., and O'Neill, H. M. 1987. Merger strategies and capital market risk. Academy of Management Journal, 30 (4): 665-684. McLean, R. D. 2011. Share issuance and cash savings. Journal of Financial Economics, 99 (3): 693-715. Merton, R. C. 1973. Theory of rational option pricing. The Bell Journal of Economics and Management Science, 4 (1): 141-183. Moyer, R. C., and Chatfield, R. 1983. Market power and systematic risk. Journal of Economics and Business, 35 (1): 123-130. Murphy, K. J. 2003. Stock-based pay in new economy firms. Journal of Accounting and Economics, 34 (1-3): 129-147. Opler, T., Pinkowitz, L., Stulz, R., and Williamson, R. 1999. The determinants and implications of corporate cash holdings. Journal of Financial Economics, 52 (1): 3-46. Pástor, Ľ., and Veronesi, P. 2009. Technological revolutions and stock prices. American Economic Review, 99 (4): 1451-1483. Phillips, G. M., and Zhdanov, A. 2013. R&D and the incentives from merger and acquisition activity. The Review of Financial Studies, 26 (1): 34-78. Richardson, S. 2006. Over-investment of free cash flow. Review of Accounting Studies, 11 (2-3): 159-189. Ross, S. A. 2004. Compensation, incentives, and the duality of risk aversion and riskiness. The Journal of Finance, 59 (1): 207-225.
RkJQdWJsaXNoZXIy ODg3MDU=