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ID4248L Business Finance and Investment Appraisal
ID4248L 商业金融和投资评价
Semester 2 Assessment – Indiv idual essays
第2学期评估 –个人随笔
Most reading is available in electronic format from Metalib (from the University website), from JSTOR or from sites such as Google Scholar and the SSRN website.
大多数阅读可以从Metalib（大学网站），从JSTOR或者如谷歌学术和SSRN网站可以见到电子版本。http://www.ukassignment.org/lxszy/
Initial reading may focus on the following sources:
初始阅读可能集中在以下来源：
Efficient Markets Hypothesis:
有效市场假说：
Arnold, Corporate Financial Management, Chapter 14
Lumby & Jones, Corporate Finance Theory and Practice, Chapter 15
Basu S 1977 Inv Perf of common stocks EMH JofFinance vol32 no3 pp663 682 JSTOR 2326304
Chen Yeh REH and EMH JEBO
Laffont JJ Maskin ES 1990 EMH and insider trading J PolEcon vol98 no1 pp7 93 jstor 2937642
Malkiel BG 2003 The EMH and its Critics Jnl Economic Perspectives Vol17 no1 pp59 82 JSTOR 3216840
Malkiel BG 2005 Reflections on the EMH 30 yrs later Fin Rev
Dividend Decision:
股息决策：
Lumby & Jones, Corporate Finance Theory and Practice, Chapter 22
Arnold, Corporate Financial Management, Chapter 22
Brittain, J. A. "The Tax Structure and Corporate Dividend Policy." American Economic Review, May 1964.
Darling, P. G. "The Influence of Expectations and Liquidity on Dividend Policy." Journal of Political Economy, June 1957.
Higgins 1972 the corporate dividend saving decision j financial and quantitative analysis vol7 no2 pp1527 1541 jstor 2329932
Miller, M., and F. Modigliani. "Dividend Policy, Growth and the Valua- tion of Shares." Journal of Business, October 1961.
Van Horne, J., and J. McDonald. "Dividend Policy and New Equity Financing." Journal of Finance, May 1971.
Equity Financing:
产权筹资：
Arnold, Corporate Financial Management, Chapter 16
Lumby & Jones, Corporate Finance Theory and Practice, Chapter 10
J Helwege N Liang 1996 Is there a pecking order? Evidence from a panel of IPO firms. Journal of Financial Economics vol40 pp.429-458
J Lintner - The cost of capital and optimal financing of corporate growth Journal of Finance, 1963 – jstor
A Kraus, RH Litzenberger - A state-preference model of optimal financial leverage jstor Journal of Finance, 1973 – jstor
MZ Frank, VK Goyal - Testing the pecking order theory of capital structure Journal of Financial Economics, 2003
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