Subject Areas :
رسول برادران حسن زاده 1 , وحید تقی زاده خانقاه 2
1 - دانشیارگروه حسابداری،واحدتبریز ،دانشگاه آزاداسلامی، تبریز،ایران
2 - دانشجوی دکتری حسابداری، گروه حسابداری ،واحدتبریز،دانشگاه آزاداسلامی،تبریز،ایران
Keywords:
Abstract :
1) مهدوی، غلامحسین و محمد منفرد مهارلوئی، (1390)، ”ترکیب هیات مدیره و هزینههای نمایندگی“، تحقیقات حسابداری و حسابرسی، دوره 3، شماره 10. صص 19-1.
2) سجادی، سید حسین، سعید حاجی زاده و جواد نیک کار، (1391)، ”تأثیر هزینههای نمایندگی و کیفیت گزارشگری مالی بر ریسک سرمایهگذاری در شرکتهای پذیرفته شده در بورس اوراق بهادار تهران“، بررسیهای حسابداری و حسابرسی، دوره 19، شماره 3، صص 42-21.
3) ثقفی، علی، قاسم بولو و محمد محمدیان، (1390)، ”کیفیت اطلاعات حسابداری، سرمایهگذاری بیش از حد و جریان نقد آزاد“، پیشرفتهای حسابداری شیراز، دوره 3، شماره 3، صص 37-63.
4) پورحیدی، امید، علی رحمانی و رضا غلامی، (1392)، ”بررسی تأثیر مدیریت واقعی سود بر رفتار سرمایهگذاری شرکتهای پذیرفته شده در بورس اوراق بهادار تهران“، پیشرفتهای حسابداری، دوره 5، شماره 1، صص 55-85.
5) عربصالحی، مهدی و سپیده کاظمی نوری، (1393). ”تأثیر هزینههای نمایندگی بر حساست سرمایهگذاری- جریانهای نقدی“. دانش حسابداری، دوره 5، شماره 17، صص 97-118.
6) Abhyankar, A., Ho, K.-Y., Zhao, H, (2005). ”Long-Run Post-Merger Stock Performance of UK Acquiring Firms: A Stochastic Dominance Perspective“, Applied Financial Economics, 15(2), PP. 679 - 690.
7) Ang, J., Cole, R. Lin, J, (2000), ”Agency Costs and Ownership Structure“, The Journal of Finance, 55(1), PP. 81-106.
8) Berkovitch, E., Ronen, I, (1998), ”Why The NPV Criterion Does Not Maximize NPV”, Working Paper, The University of Michigan. PP. 1-63.
9) Biddle, G., Hilary, G. and Verdi, R.S, (2009), ”How Does Financial Reporting Quality Relate to Investment Efficiency?“. Journal of Accounting and Economics, 48(3), PP. 112-31.
10) Brealey, R. A., Myers, S, (2000), “Principles of Corporate Finance, Sixth Edition, McGraw-Hill. PP. 21-83.
11) Chen, I.J., Lin, SH. H, (2013), “Managerial Optimism, Investment Efficiency, and Firm Valuation”, Multinational Finance Journal, 17 (3-4), PP. 1-46.
12) Chen, X., Sun, Y., and Xu, X, (2016), ”Free Cash Flow, Over-Investment and Corporate Governance in China“, Pacific-Basin Finance Journal, 37 (2), PP. 81-108.
13) De Jong, A, (2002), “The Disciplining Role of Leverage in Dutch Firms”, European Finance Review, 6(1), PP. 31–62,
14) Degryse, H., De Jong, A, (2001), ”Investment Spending in The Netherlands: Asymmetric Information or Managerial Discretion?“, Working Paper, Erasmus University Rotterdam.
15) Doukas, J. A., McKnight, P.J., Pantzalis, C, (2005), ”Security Analysis, Agency Costs and UK Firm Characteristics“, International Review of Financial Analysis, 14(5), PP. 493-507.
16) Fazzari S., Hubbard R., Petersen B., (1988), ”Financing Constraints and Corporate Investment“, Brooking Papers on Economic Activity, 1(2), PP. 141-95.
17) Francis, B.B., Iftekhar, H., and Liang, S, (2010), “Agency Problem and Investment Cash Flow Sensitivity: Evidence From Antitakeover Legislation“, www.docstoc.com/docs/44074996/Agency problem -and-investment-cash-flow sensitivity- Evidence-from.
18) Gomariz, M.F.C., Ballesta, J.P.C, (2014), “Financial Reporting Quality, Debt Maturity and Investment Efficiency”, Journal of Banking & Finance, 40(3), PP. 494-506.
19) Guariglia, A., Yang, J, (2012), ”A Balancing Act: Managing Financial Constraints and Agency Costs to Minimize Investment Inefficiency in The Chinese Market“, Paper in www.SSRN.com.
20) Jensen M., Meckling W, (1976), “Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure”. Journal of Financial Economics, 3(1), PP. 305-360.
21) Jensen, M. C, (1986, ”Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers“. The American Economic Review, 76(2), PP. 323-329.
22) Jiang, G., Lee, C.M.C., Yue, H, (2010), “Tunneling Through Intercorporate Loans: The China Experience”. Journal of Financial Economics, 98(3), PP. 1-20.
23) Jostarndt P, (2002), ”Financing Growth in Innovative Industries: Agency Conflicts and The Role of Hybrid Securities - Empirical Evidence from Nasdaq Convertible Debt Offerings“, Working Paper, Fisher Center for The Strategic Use of Information Techology, Haas School of Business.
24) Kaplan S., Zingales L, (1997), ”Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?“, Quarterly Journal of Economics, 112(2), PP. 169-215.
25) Lehn, K & Poulsen, A, (1989), “Free cash flow and stockholder gains in going private transactions”, Journal of Finance, 44(3), PP. 771-787.
26) Lyandres E., Zhdanov A, (2003), ”Underinvestment or Overinvestment? The Effect of Debt Maturity on Investment”, Simon Business School, Working Paper N. FR 03-28.
27) McKnight, P. J., & Weir, C, (2009), “Agency Costs, Corporate Governance Mechanisms and Ownership Structure in Large UK Publicly Quoted Companies: A Panel Data Analysis”. The Quarterly Review of Economics and Finance, 49(2), PP. 139–158.
28) Myers S, (1977), “Determinants of Corporate Borrowing”, Journal of Financial Economics, 5(1), PP. 146-175.
29) Myers S., Majluf N, (1984), ”Corporate Financing and Investment Decisions When Firms Have Information That Investors Do not Have“, Journal of Financial Economics, 13(1), PP. 187-221.
30) Richardson, S, (2006), ”Over-Investment Of free Cash Flow“, Review of Accounting Studies, 1(4), PP. 159-189.
31) Serfling, M.A, (2012), “CEO Age, Underinvestment, and Agency Costs”, Eller College of Management University of Arizona, 11(4), PP. 21-73.
32) Shin, H. H. Kim, Y, (2001). ”Agency Costs and Efficiency of Business Capital Investment: Evidence from Quarterly Capital Expenditures“, School of Management State University of New York.
33) Shleifer, A., & Vishny, R. W, (1989), “Management Entrenchment: The Case of Manager-Specific Investments”, Journal of Financial Economics, 25(1), PP. 123-139.
34) Stein J, (2001), ”Agency, Information and Corporate Investment“, in Constantinides G., Harris M., Stulz R. (a cura di), Handbook of The Economics of Finance, North-Holland, Amsterdam.
35) Stiglitz J., Weiss A, (1981), “Credit Rationing in Markets with Imperfect Information”, American Economic Review, 71(3), PP. 393-410.
36) Stulz, R, (1990), ”Managerial Discretion and Optimal Financing Policies”, Journal of Financial Economics, 26(1), PP. 3-27.
37) Truong, T, (2006), “Corporate Boards, Ownership and Agency Costs: Evidence from Australia”, The Business Review, 5(2), PP. 163-167.
یادداشتها