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    ASIA unversity > 管理學院 > 財務金融學系 > 期刊論文 >  Item 310904400/108388

    Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/108388

    Title: Managers’ Bargaining Power and the Intrinsic Value
    Authors: 張俊評;Chun-Ping Chang;蔡永順;Yung-shun Tsai;臧仕維;TZANG,SHYH-WEIR
    Contributors: 財務金融學系
    Date: 2017-07
    Issue Date: 2017-12-08 14:07:16 (UTC+8)
    Abstract: We study how manager’s bargaining power has the impact on the interactions between investment decisions and dividends policies when the firm has the equity offerings needs. We show that mangers take advantage of the investment marginal potential benefits and the dividends marginal gain, but faces a conflict of interest between resources distributions. Our predictions are consistent with empirically observed patterns of decisions making.
    Appears in Collections:[財務金融學系] 期刊論文

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