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207

臺大管理論叢

28

卷第

1

Denis, D. J., and Osobov, I. 2008. Why do firms pay dividends? International evidence on

the determinants of dividend policy.

Journal of Financial Economics

, 89 (1):

62-82. doi: 10.1016/j.jfineco.2007.06.006

Easterbrook, F. H. 1984. Two agency-cost explanations of dividends.

The American

Economic Review

, 74 (4): 650-659.

Faccio, M., and Lang, L. H. P. 2002. The ultimate ownership of Western European

corporations.

Journal of Financial Economics

, 65 (3): 365-395. doi: 10.1016/

S0304-405X(02)00146-0

Faccio, M., Lang, L. H. P., and Young, L. 2001. Dividends and expropriation.

The

American Economic Review

, 91 (1): 54-78. doi: 10.1257/aer.91.1.54

Fama, E. F., and French, K. R. 2001. Disappearing dividends: Changing firm

characteristics or lower propensity to pay?.

Journal of Financial Economics

, 60

(1): 3-43. doi: 10.1016/S0304-405X(01)00038-1

. 2002. Testing trade-off and pecking order predictions about dividends and debt.

The Review of Financial Studies

, 15 (1): 1-33. doi: 10.1093/rfs/15.1.1

Fan, J. P. H., and Wong, T. J. 2002. Corporate ownership structure and the informativeness

of accounting earnings in East Asia.

Journal of Accounting and Economics

, 33

(3): 401-425. doi: 10.1016/S0165-4101(02)00047-2

Farinha, J. 2003. Dividend policy, corporate governance and the managerial entrenchment

hypothesis: An empirical analysis.

Journal of Business Finance & Accounting

,

30 (9-10): 1173-1209. doi: 10.1111/j.0306-686X.2003.05624.x

Fatemi, A., and Bildik, R. 2012. Yes, dividends are disappearing: Worldwide evidence.

Journal of Banking & Finance

, 36 (3): 662-677. doi: 10.1016/j.jbankfin.

2011.10.008

Gugler, K. 2003. Corporate governance, dividend payout policy, and the interrelation

between dividends, R&D, and capital investment.

Journal of Banking &

Finance

, 27 (7): 1297-1321. doi: 10.1016/S0378-4266(02)00258-3

Hail, L., and Leuz, C. 2006. International differences in the cost of equity capital: Do legal

institutions and securities regulation matter?.

Journal of Accounting Research

,

44 (3): 485-531. doi: 10.1111/j.1475-679X.2006.00209.x

Haw, I. M., Ho, S. S. M., Hu, B., and Wu, W. 2010. Analysts’ forecast properties,

concentrated ownership and legal institutions.

Journal of Accounting, Auditing

& Finance

, 25 (2): 235-259. doi: 10.1177/0148558X1002500204