董事及高階主管政治連結與公司績效之關聯性
30
Habib, M., and Ljungqvist, A. 2005. Firm value and managerial incentives: A stochastic
frontier approach.
The Journal of Business
, 78 (6): 2053-2094. doi: 10.1086/
497040
Henn, H. G. 1974.
Corporation Law
. St. Paul, MN: West Publishing.
Jensen, M. C., and Meckling, W. H. 1976. Theory of the firm: Managerial behavior, agency
cost and ownership structure.
Journal of Financial Economics
, 3 (4): 305-360.
doi: 10.1016/0304-405X(76)90026-X
Johnson, S., and Mitton, T. 2003. Cronyism and capital controls: Evidence from Malaysia.
Journal of Financial Economics
, 67 (2): 351-382. doi: 10.1016/S0304-405X
(02)00255-6
Kim, C., Pantzalis, C., and Park, J. C. 2012. Political geography and stock returns: The value
and risk implications of proximity to political power.
Journal of Financial
Economics
, 106 (1): 196-228. doi: 10.1016/j.jfineco.2012.05.007
Klein, A. 2002. Audit committee, board of director characteristics, and earnings
management.
Journal of Accounting and Economics
, 33 (3): 375-400. doi:
10.1016/S0165-4101(02)00059-9
Laeven, L., and Levine, R. 2009. Bank governance, regulation and risk taking.
Journal of
Financial Economics
, 93 (2): 259-275. doi: 10.1016/j.jfineco.2008.09.003
Larcker, D. F., and Rusticus, T. O. 2010. On the use of instrumental variables in accounting
research.
Journal of Accounting and Economics
, 49 (3): 186-205. doi: 10.1016/
j.jacceco.2009.11.004
Leuz, C., and Oberholzer-Gee, F. 2006. Political relationships, global financing, and
corporate transparency: Evidence from Indonesia.
Journal of Financial
Economics
, 81 (2): 411-439. doi: 10.1016/j.jfineco.2005.06.006
Li, H., Meng, L., Wang, Q., and Zhou, L. A. 2008. Political connections, financing and firm
performance: Evidence from Chinese private firms.
Journal of Development
Economics
, 87 (2): 283-299. doi: 10.1016/j.jdeveco.2007.03.001
Lin, C., Ma, Y., Malatesta, P., and Xuan, Y. 2011. Ownership structure and the cost of
corporate borrowing.
Journal of Financial Economics
, 100 (1): 1-23. doi:
10.1016/j.jfineco.2010.10.012
Mehran, H. 1995. Executive compensation structure, ownership, and firm performance.
Journal of Financial Economics
, 38 (2): 163-184. doi: 10.1016/0304-405X
(94)00809-F
Morck, R., Shleifer, A., and Vishny, R. W. 1988. Management ownership and market