[1] 卢馨,郑阳飞,李建明. 融资约束对企业R&D投资的影响研究——来自中国高新技术上市公司的经验证据[J]. 会计研究, 2013(5): 51-58. Xin Lu,Yangfei Zhen,Jianming Li. Research on the impact of financing constraints on corporate r&d investment——evidence from the hi-tech listed companies in china[J]. Accounting Research, 2013(5): 51-58.
[2] 贺勇,何红渠. 民营企业集团、控股股东支持与R&D投资——融资约束情境下的调节作用与中介作用[J]. 科学学与科学技术管理, 2014(3): 86-98. He Yong,He Hongqu. Private business group, controlling shareholder propping and r&d investment: Moderating and mediating effects in the context of financing constraints[J]. Science Of Science and Management of S.&T, 2014(3): 86-98.
[3] 杨建君,盛锁. 股权结构对企业技术创新投入影响的实证研究[J]. 科学学研究, 2007, 25(4): 787-792. YangJianjun,Sheng Suo. An empirical study of the effects of corporate ownership structure on technological innovation input[J]. Studies in Science of Science, 2007, 25(4): 787-792.
[4] 胡国柳,裘益政,黄景贵. 股权结构与企业资本支出决策:理论与实证分析[J]. 管理世界, 2006(1): 137-144. HuGuoliu,Qiu Yizheng,Huang Jinggui. Ownership structure and corporate spending decision: Theory and empirical analysis[J]. Management World, 2006(1): 137-144.
[5] Coase, R H. The firm, the market, and the law[M]. University of Chicago press, 2012.
[6] 夏冬. 所有权结构与企业创新效率[J]. 南开管理评论, 2003(3): 32-36. Xia Dong.Efficiency of firm innovation and ownership structure[J]. Nankai Bussiness Review, 2003(3): 32-36.
[7] 郝颖,刘星. 大股东自利动机下的资本投资与配置效率研究[J]. 中国管理科学, 2011(1): 167-176. Hao Ying,Liu Xing. Study on capital investment and allocation efficiency under large shareholders' self-interest motivation[J]. Chinese Journal of Management Science, 2011(1): 167-176.
[8] 冉戎,郝颖. 终极控制、利益一致性与公司价值[J]. 管理科学学报, 2011(7): 83-94. Ran Rong,Hao Ying. Research on reasonable private benefits of control and excessive private benefits of control: Small shareholders' perspective[J]. Journal of Management Sciences in China, 2011(7): 83-94.
[9] Grossman, S, Hart, O. One Share/One Vote and the Market for Corporate Control[J]. Journal of Financial Economics, 2007, 20(88): 175-202.
[10] La Porta, R, Lopez-De-Silanes, F, Shleifer, A, et al. Investor protection and corporate governance[J]. Journal of Financial Economics, 2000, 58(1): 3-27.
[11] Andres, C. Large shareholders and firm performance—An empirical examination of founding-family ownership[J]. Journal of Corporate Finance, 2008, 14(4): 431-445.
[12] Cronqvist, H, Fahlenbrach, R U D. Large shareholders and corporate policies[J]. Review of Financial Studies, 2009, 22(10): 3941-3976.
[13] Wu, X, Wang, Z. Equity financing in a Myers-Majluf framework with private benefits of control[J]. Journal of Corporate Finance, 2005, 11(5): 915-945.
[14] 贾明,张喆,万迪昉. 控制权私人收益相关研究综述[J]. 会计研究, 2007(6): 86-93. Jia Ming,Zhang Zhe,Wan Difang. A review of private benefits of control[J]. Accounting Research, 2007(6): 86-93.
[15] 刘少波. 控制权收益悖论与超控制权收益——对大股东侵害小股东利益的一个新的理论解释[J]. 经济研究, 2007(2): 85-96. LiuShaobo. The paradox of private benefits of control and excessive benefits of control: A new theoretical explanation of large shareholders' expropriation of small ones[J]. Economic Research Journal, 2007(2): 85-96.
[16] 郝颖,刘星. 基于控制权私利的投资效率与挤占效应研究[J]. 科研管理, 2010, 31(3): 165-170. Ying Hao,Xing Liu, 2010, 31(3): 165-170.
[17] Ehrhardt, O, Nowak, E. The effect of IPOs on german family-owned firms: Governance changes, ownership structure, and performance[J]. Journal of Small Business Management, 2003, 41(2): 222-232.
[18] Holmén, M, Högfeldt, P. Pyramidal discounts: Tunneling or overinvestment? * [J]. International Review of Finance, 2009, 9(1-2): 133-175.
[19] 冉戎,刘星. 合理控制权私有收益与超额控制权私有收益——基于中小股东视角的解释[J]. 管理科学学报, 2010(6): 73-83. Ran Rong,Liu Xing. Research on reasonable private benefits of control and excessive private benefits of control: Small shareholders' perspective [J]. Journal of Management Sciences in China, 2010(6): 73-83.
[20] Zhang, G. Ownership concentration, risk aversion and the effect of financial structure on investment decisions [J]. European Economic Review, 1998, 42(9): 1751-1778.
[21] Francis, J, Smith, A. Agency costs and innovation some empirical evidence[J]. Journal of Accounting & Economics, 1995, 19(94): 383-409.
[22] Childs, P D, Triantis, A J. Dynamic R&D investment policies [J]. Management Science, 1999, 45(10): 1359-1377.
[23] Lee, P M, O'Neill., H M. Ownership structures and R&D investments of US and Japanese firms:Agency and stewardship perspectives [J]. The Academy of Management Journal, 2003, 46(2): 74-100.
[24] 任海云. 股权结构与企业R&D投入关系的实证研究——基于A股制造业上市公司的数据分析[J]. 中国软科学, 2010(5): 126-135. Ren Haiyun. Relationship between ownership structure and R&D inputs: evidence from listed manufacturing companies in china[J]. China Soft Science, 2010(5): 126-135.
[25] Hsu, H E. Institutional ownership, capital structure and R&D investment [Z], 2011.
[26] 肖海莲,唐清泉,周美华. 负债对企业创新投资模式的影响——基于R&D异质性的实证研究[J]. 科研管理, 2014(10): 77-85. XiaoHailian,Tang Qingquan,Zhou Meihua. The impact of debt on firms' innovation investment mode: an empirical research on R&D heterogeneity[J]. Science Research Management, 2014(10): 77-85.
[27] Shleifer, A, Vishny, R W. A survey of corporate governance [J]. The Journal of Finance, 1997, 52(2): 737-783.
[28] Driver, C,Guedes, M J O C. Research and development, cash flow, agency and governance: UK large companies [J]. Research Policy, 2012, 41(9): 1565-1577.
[29] Heckman, JJ. Sample selection bias as a specification error [J]. Econometrica: Journal of The Econometric Society, 1979: 153-161.
[30] 吴斌,黄明峰. 企业绩效、高管人力资本特征与控制权配置——基于我国中小企业板风险企业的经验数据[J]. 中国软科学, 2011(4): 161-174. Wu Bin,Huang Mingfeng. Firm performance, human resources' characteristic of senior managers and control right allocation: evidence from small and medium boards' venture enterprises in China [J]. China Soft Science, 2011(4): 161-174. |