메뉴 건너뛰기




Volumn 75, Issue 4, 2009, Pages 479-540

The quest for shareholder value: Stock repurchases in the us economy

Author keywords

Innovative enterprise; Shareholder value; Stock market; Stock repurchases

Indexed keywords


EID: 68749094397     PISSN: 07704518     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (5)

References (114)
  • 2
    • 36849071655 scopus 로고    scopus 로고
    • Cisco sells $6.5 billion in record US debt debut,
    • February 14
    • Aubin, D. (2006). "Cisco sells $6.5 billion in record US debt debut," Reuters News, February 14.
    • (2006) Reuters News
    • Aubin, D.1
  • 3
    • 68749091776 scopus 로고    scopus 로고
    • J. Cordes, R. Ebel, and J. Gravelle, eds, Urban Institute Press
    • Auten, G. (1999). in J. Cordes, R. Ebel, and J. Gravelle, eds., The Encyclopedia of Taxation and Tax Policy, Urban Institute Press.
    • (1999) The Encyclopedia of Taxation and Tax Policy
    • Auten, G.1
  • 4
    • 0002680777 scopus 로고
    • Capabilities, and Capital Investment: New Perspectives on Capital Budgeting
    • Baldwin, C., K. Clark (1992). "Capabilities, and Capital Investment: New Perspectives on Capital Budgeting," Journal of Applied Corporate Finance, 5, 2: 67-87.
    • (1992) Journal of Applied Corporate Finance , vol.5 , Issue.2 , pp. 67-87
    • Baldwin, C.1    Clark, K.2
  • 5
    • 36849060904 scopus 로고    scopus 로고
    • Ballmer pressured to buy back shares of Microsoft stock,
    • May 13
    • Bass, D. (2006a). "Ballmer pressured to buy back shares of Microsoft stock," Seattle Times, May 13.
    • (2006) Seattle Times
    • Bass, D.1
  • 6
    • 36849011819 scopus 로고    scopus 로고
    • Sagging stock sends Ballmer to Wall Street to quell critics,
    • May 30
    • Bass, D. (2006b). "Sagging stock sends Ballmer to Wall Street to quell critics," Seattle Times, May 30.
    • (2006) Seattle Times
    • Bass, D.1
  • 7
    • 68749091775 scopus 로고    scopus 로고
    • Morgan Stanley bailed out by Beijing after $9bn write-off,
    • December 20
    • Bawden, T. (2007). "Morgan Stanley bailed out by Beijing after $9bn write-off," The Times, December 20.
    • (2007) The Times
    • Bawden, T.1
  • 8
    • 68749094731 scopus 로고    scopus 로고
    • Merrill Lynch raises up to US$6, 2b as its sells stake to Singapore fund
    • December 25
    • Bel Bruno, J. (2007). "Merrill Lynch raises up to US$6, 2b as its sells stake to Singapore fund," Canadian Press, December 25.
    • (2007) Canadian Press
    • Bel Bruno, J.1
  • 9
    • 68749097852 scopus 로고    scopus 로고
    • Lehman tries to soothe Wall Street with asset sale,
    • September 10
    • Bel Bruno, J. (2008). "Lehman tries to soothe Wall Street with asset sale," Associated Press, September 10.
    • (2008) Associated Press
    • Bel Bruno, J.1
  • 11
    • 68749114715 scopus 로고    scopus 로고
    • Share Repurchases and the Need for External Finance
    • Billett, M., and H. Xue (2007). "Share Repurchases and the Need for External Finance," Journal of Applied Financial Economics, 19, 2: 42-55.
    • (2007) Journal of Applied Financial Economics , vol.19 , Issue.2 , pp. 42-55
    • Billett, M.1    Xue, H.2
  • 12
    • 36849011305 scopus 로고    scopus 로고
    • Microsoft wants to reduce its cash balance and improve its share price, analyst says; stock buyback may be in the works,
    • June 16
    • Bishop, T. (2004). "Microsoft wants to reduce its cash balance and improve its share price, analyst says; stock buyback may be in the works," Seattle Post-Intelligencer, June 16.
    • (2004) Seattle Post-Intelligencer
    • Bishop, T.1
  • 16
    • 68749093527 scopus 로고    scopus 로고
    • Energy tax breaks total $14.5 billion,
    • July 28
    • Blum, J. (2005). "Energy tax breaks total $14.5 billion," Washington Post, July 28.
    • (2005) Washington Post
    • Blum, J.1
  • 17
    • 68749086758 scopus 로고    scopus 로고
    • Board of Governors of the Federal Reserve System (2008). Flow of Funds Accounts of the United States: Annual Flows and Outstandings, Historical data including latest release on March 6, 2008, available at www.federalreserve.gov/releases/z1/Current/data.htm.
    • Board of Governors of the Federal Reserve System (2008). Flow of Funds Accounts of the United States: Annual Flows and Outstandings, Historical data including latest release on March 6, 2008, available at www.federalreserve.gov/releases/z1/Current/data.htm.
  • 20
    • 0242456367 scopus 로고    scopus 로고
    • The Stock Market and Innovative Capability in the New Economy: The Optical Networking Industry
    • Carpenter, M., W. Lazonick, and M. O'Sullivan (2003). "The Stock Market and Innovative Capability in the New Economy: The Optical Networking Industry," Industrial and Corporate Change, 12, 5: 963-1034.
    • (2003) Industrial and Corporate Change , vol.12 , Issue.5 , pp. 963-1034
    • Carpenter, M.1    Lazonick, W.2    O'Sullivan, M.3
  • 22
    • 68749101548 scopus 로고    scopus 로고
    • SEC launches investigation into Wall Street banks,
    • April 25
    • Chaffin, J. (2002a). "SEC launches investigation into Wall Street banks," Financial Times, April 25.
    • (2002) Financial Times
    • Chaffin, J.1
  • 23
    • 68749100367 scopus 로고    scopus 로고
    • Lawyers agog as the banks spill the IPO beans,
    • September 18
    • Chaffin, J. (2002b). "Lawyers agog as the banks spill the IPO beans," Financial Times, September 18.
    • (2002) Financial Times
    • Chaffin, J.1
  • 26
    • 68749087996 scopus 로고    scopus 로고
    • Amgen cuts mark biotech squeeze,
    • August 16
    • Chase, M. (2007). "Amgen cuts mark biotech squeeze," Wall Street Journal, August 16.
    • (2007) Wall Street Journal
    • Chase, M.1
  • 28
    • 68749091774 scopus 로고    scopus 로고
    • Crystal, G. (1991). In Search of Excess: The Overcompensation of American Executives, W. W. Norton.
    • Crystal, G. (1991). In Search of Excess: The Overcompensation of American Executives, W. W. Norton.
  • 30
    • 36849033680 scopus 로고    scopus 로고
    • Off to the races again, leaving the many behind
    • April 9
    • Dash, E. (2006). "Off to the races again, leaving the many behind," New York Time, April 9.
    • (2006) New York Time
    • Dash, E.1
  • 31
    • 0007985438 scopus 로고    scopus 로고
    • Why Do Firms Repurchase Stock?
    • Dittmar, A. (2000). "Why Do Firms Repurchase Stock?," Journal of Business, 73, 3: 331-354.
    • (2000) Journal of Business , vol.73 , Issue.3 , pp. 331-354
    • Dittmar, A.1
  • 33
    • 36849062903 scopus 로고    scopus 로고
    • Latitude for change
    • December 1
    • Domis, O. (2003). "Latitude for change," Daily Deal, December 1.
    • (2003) Daily Deal
    • Domis, O.1
  • 34
    • 0242550671 scopus 로고    scopus 로고
    • Cisco's bids
    • May 8
    • Donlan, T. (2000). "Cisco's bids," Barron's, May 8: 31-34.
    • (2000) Barron's , pp. 31-34
    • Donlan, T.1
  • 35
    • 68749097850 scopus 로고    scopus 로고
    • Editors of Fortune, 1970, The Conglomerate Commotion, Viking.
    • Editors of Fortune, 1970, The Conglomerate Commotion, Viking.
  • 36
    • 0002518473 scopus 로고    scopus 로고
    • Corporate Payout Policy and Managerial Stock Incentives
    • Fenn, G., and N. Liang (2001). "Corporate Payout Policy and Managerial Stock Incentives," Journal of Financial Economics, 60, 1: 45-72.
    • (2001) Journal of Financial Economics , vol.60 , Issue.1 , pp. 45-72
    • Fenn, G.1    Liang, N.2
  • 37
    • 36849068688 scopus 로고    scopus 로고
    • The perfect payday: Some CEOs reap millions by landing stock options when they are most valuable; luck - or something else?,
    • March 18
    • Forelle, C., and J. Bandler (2006). "The perfect payday: some CEOs reap millions by landing stock options when they are most valuable; luck - or something else?," Wall Street Journal, March 18.
    • (2006) Wall Street Journal
    • Forelle, C.1    Bandler, J.2
  • 38
    • 0242512121 scopus 로고    scopus 로고
    • Just Say No to Wall Street: Putting a Stop to the Earnings Game
    • Fuller, J., and M. Jensen (2002). "Just Say No to Wall Street: Putting a Stop to the Earnings Game," Journal of Applied Corporate Finance, 14, 4: 41-46.
    • (2002) Journal of Applied Corporate Finance , vol.14 , Issue.4 , pp. 41-46
    • Fuller, J.1    Jensen, M.2
  • 39
    • 36849024212 scopus 로고    scopus 로고
    • You bought. They sold. All over corporate America, top execs were cashing in stock even as their companies were tanking. Who was left holding the bag? You
    • September 2
    • Gimein, M., E. Dash, L. Munoz, and J. Sung (2002). "You bought. They sold. All over corporate America, top execs were cashing in stock even as their companies were tanking. Who was left holding the bag? You," Fortune, September 2.
    • (2002) Fortune
    • Gimein, M.1    Dash, E.2    Munoz, L.3    Sung, J.4
  • 40
    • 33947533358 scopus 로고    scopus 로고
    • Evolution and Allocation of Stock Options: Adapting US-Style Compensation to the Swedish Business Model
    • Glimstedt, H., W. Lazonick, and H. Xie (2006). "Evolution and Allocation of Stock Options: Adapting US-Style Compensation to the Swedish Business Model," European Management Review, 3, 3, 2006: 1-21.
    • (2006) European Management Review , vol.3 , Issue.3 , pp. 1-21
    • Glimstedt, H.1    Lazonick, W.2    Xie, H.3
  • 41
    • 68749120313 scopus 로고    scopus 로고
    • Wall Street bonuses fell 4.7 percent in 2007
    • January 17
    • Goldman, A. (2008). "Wall Street bonuses fell 4.7 percent in 2007," Associated Press Newswires, January 17.
    • (2008) Associated Press Newswires
    • Goldman, A.1
  • 43
    • 68749092332 scopus 로고    scopus 로고
    • Wall Street to reopen with relaxed rules
    • September 15
    • Gordon, M. (2001). "Wall Street to reopen with relaxed rules," Journal Gazette, September 15.
    • (2001) Journal Gazette
    • Gordon, M.1
  • 44
    • 36849094241 scopus 로고
    • Are Stock Options Getting Out of Hand?
    • Griswold, E., 1960, "Are Stock Options Getting Out of Hand?," Harvard Business Review, 38, 6: 49-55.
    • (1960) Harvard Business Review , vol.38 , Issue.6 , pp. 49-55
    • Griswold, E.1
  • 46
    • 0042170206 scopus 로고    scopus 로고
    • Dividends, Share Repurchases, and the Substitution Hypothesis
    • Grullon, G., and R. Michaely (2002). "Dividends, Share Repurchases, and the Substitution Hypothesis," Journal of Finance, 57, 4: 1649-1684.
    • (2002) Journal of Finance , vol.57 , Issue.4 , pp. 1649-1684
    • Grullon, G.1    Michaely, R.2
  • 47
    • 0009200691 scopus 로고    scopus 로고
    • Are CEOs Really Paid Like Bureaucrats?
    • Hall, B., and J. Leibman (1998). "Are CEOs Really Paid Like Bureaucrats?" Quarterly Journal of Economics, 113, 3: 653-691.
    • (1998) Quarterly Journal of Economics , vol.113 , Issue.3 , pp. 653-691
    • Hall, B.1    Leibman, J.2
  • 48
    • 84869724172 scopus 로고    scopus 로고
    • Politicians fume as Exxon profits; Firm buys back $8 billion in shares,
    • August 1
    • Hays, K., and D. Ivanovich (2008). "Politicians fume as Exxon profits; Firm buys back $8 billion in shares," Houston Chronicle, August 1.
    • (2008) Houston Chronicle
    • Hays, K.1    Ivanovich, D.2
  • 50
    • 68749095430 scopus 로고
    • SEC eases way for repurchase of firms' stock,
    • November 10
    • Hudson, R. (1982). "SEC eases way for repurchase of firms' stock," Wall Street Journal, November 10.
    • (1982) Wall Street Journal
    • Hudson, R.1
  • 51
    • 36849021327 scopus 로고
    • Industrial Union Department, AFL-CIO , AFL-CIO
    • Industrial Union Department, AFL-CIO (1959). The Stock Option Scandal, AFL-CIO.
    • (1959) The Stock Option Scandal
  • 52
    • 0001066475 scopus 로고
    • Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
    • Jensen, M., 1986, "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, 76, 2: 323-329.
    • (1986) American Economic Review , vol.76 , Issue.2 , pp. 323-329
    • Jensen, M.1
  • 53
    • 84936016411 scopus 로고
    • Performance Pay and Top Management Incentives
    • Jensen, M., and K. Murphy (1990). "Performance Pay and Top Management Incentives," Journal of Political Economy, 98, 2: 225-64.
    • (1990) Journal of Political Economy , vol.98 , Issue.2 , pp. 225-264
    • Jensen, M.1    Murphy, K.2
  • 56
    • 68749101547 scopus 로고    scopus 로고
    • Jun, S., M. Jung, and R. Walking (2008). Share Repurchases, Executive Options and Wealth Changes to Stockholders and Bondholders, working paper, Drexel University, June.
    • Jun, S., M. Jung, and R. Walking (2008). "Share Repurchases, Executive Options and Wealth Changes to Stockholders and Bondholders," working paper, Drexel University, June.
  • 57
    • 0036145216 scopus 로고    scopus 로고
    • When a Buyback Isn't a Buyback: Open Market Repurchases and Employee Options
    • Kahle, K. (2002). "When a Buyback Isn't a Buyback: Open Market Repurchases and Employee Options," Journal of Financial Economics, 63, 2: 235-261.
    • (2002) Journal of Financial Economics , vol.63 , Issue.2 , pp. 235-261
    • Kahle, K.1
  • 58
    • 36849001622 scopus 로고    scopus 로고
    • Nextel builds war chest,
    • November 11
    • Knight, J. (1999). "Nextel builds war chest," Washington Post, November 11.
    • (1999) Washington Post
    • Knight, J.1
  • 59
    • 68749114714 scopus 로고    scopus 로고
    • Cautions grow in KIC's Wall Street stake
    • February 11
    • Ko, K. (2008). "Cautions grow in KIC's Wall Street stake," Korea Herald, February 11.
    • (2008) Korea Herald
    • Ko, K.1
  • 60
    • 0343861805 scopus 로고
    • Controlling the Market for Corporate Control: The Historical Significance of Managerial Capitalism
    • Lazonick, W. (1992). "Controlling the Market for Corporate Control: The Historical Significance of Managerial Capitalism," Industrial and Corporate Change, 1, 3: 445-488.
    • (1992) Industrial and Corporate Change , vol.1 , Issue.3 , pp. 445-488
    • Lazonick, W.1
  • 61
    • 36849044993 scopus 로고    scopus 로고
    • Stock Options and Innovative Enterprise: The Evolution of a Mode of High-Tech Compensation
    • working paper, August
    • Lazonick, W. (2003a). "Stock Options and Innovative Enterprise: The Evolution of a Mode of High-Tech Compensation," UMass Lowell and INSEAD, working paper, August.
    • (2003) UMass Lowell and INSEAD
    • Lazonick, W.1
  • 62
    • 0037318429 scopus 로고    scopus 로고
    • The Theory of the Market Economy and the Social Foundations of Innovative Enterprise
    • Lazonick, W. (2003b). "The Theory of the Market Economy and the Social Foundations of Innovative Enterprise," Economic and Industrial Democracy, 24, 1: 9-44.
    • (2003) Economic and Industrial Democracy , vol.24 , Issue.1 , pp. 9-44
    • Lazonick, W.1
  • 63
    • 33750986147 scopus 로고    scopus 로고
    • Corporate Restructuring
    • S. Ackroyd, R. Batt, P. Thompson, and P. Tolbert, eds, Oxford University Press
    • Lazonick, W. (2004). "Corporate Restructuring," in S. Ackroyd, R. Batt, P. Thompson, and P. Tolbert, eds., The Oxford Handbook of Work and Organization, Oxford University Press: 577-601.
    • (2004) The Oxford Handbook of Work and Organization , pp. 577-601
    • Lazonick, W.1
  • 64
    • 84927056408 scopus 로고    scopus 로고
    • Evolution of the New Economy Business Model
    • E. Brousseau and N. Curien, eds, Cambridge University Press
    • Lazonick, W. (2006a). "Evolution of the New Economy Business Model," in E. Brousseau and N. Curien, eds., Internet and Digital Economics, Cambridge University Press: 59-113.
    • (2006) Internet and Digital Economics , pp. 59-113
    • Lazonick, W.1
  • 65
    • 33947513227 scopus 로고    scopus 로고
    • Globalization of the ICT Labor Force
    • R. Mansell, C. Avgerou, D. Quah and R. Silverstone, eds, Oxford University Press
    • Lazonick, W. (2006b). "Globalization of the ICT Labor Force," in R. Mansell, C. Avgerou, D. Quah and R. Silverstone, eds., The Oxford Handbook on ICTs, Oxford University Press: 75-99.
    • (2006) The Oxford Handbook on ICTs , pp. 75-99
    • Lazonick, W.1
  • 66
    • 36848998608 scopus 로고    scopus 로고
    • Economic Institutional Change and Employer Pensions
    • T. Ghilarducci and C. Weller, eds, Labor and Employment Relations Association Research
    • Lazonick, W. (2007a). "Economic Institutional Change and Employer Pensions," in T. Ghilarducci and C. Weller, eds., Employee Pensions: Policies, Problems & Possibilities, Labor and Employment Relations Association Research Volume: 29-68.
    • (2007) Employee Pensions: Policies, Problems & Possibilities , vol.29-68
    • Lazonick, W.1
  • 68
    • 36849021993 scopus 로고    scopus 로고
    • The US Stock Market and the Governance of Innovative Enterprise
    • Lazonick, W. (2007c)., "The US Stock Market and the Governance of Innovative Enterprise," Industrial and Corporate Change, 16, 6, 2007: 983-1035.
    • (2007) Industrial and Corporate Change , vol.16 , Issue.6 , pp. 983-1035
    • Lazonick, W.1
  • 69
    • 33947529462 scopus 로고    scopus 로고
    • Varieties of Capitalism and Innovative Enterprise
    • Lazonick, W. (2007d). "Varieties of Capitalism and Innovative Enterprise," Comparative Social Research, 24: 21-69.
    • (2007) Comparative Social Research , vol.24 , pp. 21-69
    • Lazonick, W.1
  • 71
    • 0034122692 scopus 로고    scopus 로고
    • Maximizing Shareholder Value: A New Ideology for Corporate Governance
    • Lazonick, W., and M. O'Sullivan (2000a). "Maximizing Shareholder Value: A New Ideology for Corporate Governance," Economy and Society, 29, 1: 13-35.
    • (2000) Economy and Society , vol.29 , Issue.1 , pp. 13-35
    • Lazonick, W.1    O'Sullivan, M.2
  • 73
    • 68749120311 scopus 로고    scopus 로고
    • Lazonick, W., and M. O'Sullivan (2004). Corporate Governance, Innovation, and Economic Performance in the EU: Final Report, Targeted Socio-Economic Research (TSER) Report to the European Commission (DGXII) under the Fourth Framework Programme, European Commission (Contract no.: SOE1-CT98-1114; Project no: 053), May 2002 (published by EU Socio-Economic Research of the European Commission, December 2004).
    • Lazonick, W., and M. O'Sullivan (2004). "Corporate Governance, Innovation, and Economic Performance in the EU: Final Report," Targeted Socio-Economic Research (TSER) Report to the European Commission (DGXII) under the Fourth Framework Programme, European Commission (Contract no.: SOE1-CT98-1114; Project no: 053), May 2002 (published by EU Socio-Economic Research of the European Commission, December 2004).
  • 74
    • 84869720477 scopus 로고    scopus 로고
    • US Pharmaceutical Finance and the Sustainability of the Biotech Boom
    • paper presented at the, Copenhagen, Denmark, June 20
    • th DRUID Conference, Copenhagen, Denmark, June 20.
    • (2008) th DRUID Conference
    • Lazonick, W.1    Tulum, O.2
  • 75
    • 20944442909 scopus 로고    scopus 로고
    • On the Timing of CEO Stock Option Awards
    • Lie, E. (2005). "On the Timing of CEO Stock Option Awards," Management Science, 51, 5: 802-812.
    • (2005) Management Science , vol.51 , Issue.5 , pp. 802-812
    • Lie, E.1
  • 76
    • 34249908137 scopus 로고    scopus 로고
    • Do Managers Intentionally Use Repurchase Tender Offers to Signal Private Information? Evidence from Firm Financial Reporting Behavior
    • Louis, H., and H. White (2007). "Do Managers Intentionally Use Repurchase Tender Offers to Signal Private Information? Evidence from Firm Financial Reporting Behavior," Journal of Financial Economics, 85, 1, 205-233.
    • (2007) Journal of Financial Economics , vol.85 , Issue.1 , pp. 205-233
    • Louis, H.1    White, H.2
  • 77
    • 10844239092 scopus 로고    scopus 로고
    • Economic Action Does Not Take Place in a Vacuum: Understanding Cisco's Acquisition and Development Strategy
    • Mayer, D., and M. Kenney (2004). "Economic Action Does Not Take Place in a Vacuum: Understanding Cisco's Acquisition and Development Strategy," Industry and Innovation, 11, 4: 299-325.
    • (2004) Industry and Innovation , vol.11 , Issue.4 , pp. 299-325
    • Mayer, D.1    Kenney, M.2
  • 78
    • 20044393521 scopus 로고    scopus 로고
    • Stock Buybacks: The Rules
    • May
    • McCarthy, E. (1999). "Stock Buybacks: The Rules," Journal of Accountancy, May: 91-97.
    • (1999) Journal of Accountancy , pp. 91-97
    • McCarthy, E.1
  • 80
    • 68749095427 scopus 로고    scopus 로고
    • High stakes in N. Y. suits over IPOs
    • April 22
    • Moore, H. (2002). "High stakes in N. Y. suits over IPOs," National Law Journal, April 22.
    • (2002) National Law Journal
    • Moore, H.1
  • 83
    • 84869712448 scopus 로고    scopus 로고
    • Cisco's $3bln stock buyback may usher in other plans,
    • September 14
    • Nguyen, T. (2001). "Cisco's $3bln stock buyback may usher in other plans," Reuters News, September 14
    • (2001) Reuters News
    • Nguyen, T.1
  • 84
    • 36849064529 scopus 로고
    • Reforming Private Pension Plan Administration
    • Niland, P. (1976)., "Reforming Private Pension Plan Administration," Business Horizons, 19, 1: 25-35.
    • (1976) Business Horizons , vol.19 , Issue.1 , pp. 25-35
    • Niland, P.1
  • 85
    • 0141441303 scopus 로고    scopus 로고
    • Cisco Systems: Acquiring and Retaining Talent in Hypercompetitive Markets
    • O'Reilly, C., and J. Pfeffer (2000). "Cisco Systems: Acquiring and Retaining Talent in Hypercompetitive Markets," Human Resource Planning, 23, 3: 38-52.
    • (2000) Human Resource Planning , vol.23 , Issue.3 , pp. 38-52
    • O'Reilly, C.1    Pfeffer, J.2
  • 86
    • 0033915434 scopus 로고    scopus 로고
    • The Innovative Enterprise and Corporate Governance
    • O'Sullivan, M. (2000). "The Innovative Enterprise and Corporate Governance," Cambridge Journal of Economics, 24, 4: 393-416.
    • (2000) Cambridge Journal of Economics , vol.24 , Issue.4 , pp. 393-416
    • O'Sullivan, M.1
  • 87
    • 36849085697 scopus 로고    scopus 로고
    • Corporate Control
    • W. Lazonick, ed, Thomson
    • O'Sullivan, M. (2002). "Corporate Control," in W. Lazonick, ed., The IEBM Handbook of Economics, Thomson: 129-55.
    • (2002) The IEBM Handbook of Economics , pp. 129-155
    • O'Sullivan, M.1
  • 89
    • 68749102893 scopus 로고    scopus 로고
    • Funding New Industries: A Historical Perspective on the Financing Role of the U. S. Stock Market in the Twentieth Century
    • N. Lamoreaux and K. Sokoloff, eds, MIT Press
    • O'Sullivan, M. (2007a). "Funding New Industries: A Historical Perspective on the Financing Role of the U. S. Stock Market in the Twentieth Century," in N. Lamoreaux and K. Sokoloff, eds., Financing Innovation in the United States, 1870 to the Present, MIT Press.
    • (2007) Financing Innovation in the United States, 1870 to the Present
    • O'Sullivan, M.1
  • 90
    • 68749113428 scopus 로고    scopus 로고
    • The Deficiencies, Excesses and Control of Competition: The Development of the US Stock Market from the 1930s to 2001
    • L. Galambos and C. Fohlin, eds, Cambridge University Press
    • O'Sullivan, M. (2007b). "The Deficiencies, Excesses and Control of Competition: The Development of the US Stock Market from the 1930s to 2001," in L. Galambos and C. Fohlin, eds., Balancing Public and Private Control: Germany and the US in the Postwar Era, Cambridge University Press.
    • (2007) Balancing Public and Private Control: Germany and the US in the Postwar Era
    • O'Sullivan, M.1
  • 91
    • 36849050523 scopus 로고
    • The Executive Pay Boom is Over
    • September-October
    • Patton, A. (1988). "The Executive Pay Boom is Over," Harvard Business Review, September-October: 154-155.
    • (1988) Harvard Business Review , pp. 154-155
    • Patton, A.1
  • 92
    • 36849054179 scopus 로고
    • Trend of higher levies on capital gains is reversed as President signs tax bill,
    • November 9
    • Pierson, J. (1978). "Trend of higher levies on capital gains is reversed as President signs tax bill," Wall Street Journal, November 9.
    • (1978) Wall Street Journal
    • Pierson, J.1
  • 93
    • 68749085531 scopus 로고    scopus 로고
    • Exxon Mobil sets record for profits
    • January 31
    • Piller, D. (2006). "Exxon Mobil sets record for profits," Fort Worth Star-Telegram, January 31.
    • (2006) Fort Worth Star-Telegram
    • Piller, D.1
  • 94
    • 68749094730 scopus 로고    scopus 로고
    • Stock buybacks could help bolster market when it reopens,
    • September 1
    • Rapoport, M. (2001). "Stock buybacks could help bolster market when it reopens," Dow Jones Business News, September 1.
    • (2001) Dow Jones Business News
    • Rapoport, M.1
  • 95
    • 0033227875 scopus 로고    scopus 로고
    • Stock or Cash? The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions
    • November-December
    • Rappaport, A., and M. Sirower (1999). "Stock or Cash? The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions," Harvard Business Review, November-December: 56-58.
    • (1999) Harvard Business Review , pp. 56-58
    • Rappaport, A.1    Sirower, M.2
  • 96
    • 85009345362 scopus 로고
    • A History of Pooling of Interests Accounting for Business Combinations in the United States
    • December
    • Rayburn, F., and O. Powers (1991). "A History of Pooling of Interests Accounting for Business Combinations in the United States," The Accounting Historians Journal, 18, 2, December: 155-92.
    • (1991) The Accounting Historians Journal , vol.18 , Issue.2 , pp. 155-192
    • Rayburn, F.1    Powers, O.2
  • 97
    • 68749091773 scopus 로고    scopus 로고
    • Meltdown in US finance system pummels stock market
    • September 16
    • Rizzo, P., and J. Bel Bruno (2008). "Meltdown in US finance system pummels stock market," Associated Press Online, September 16.
    • (2008) Associated Press Online
    • Rizzo, P.1    Bel Bruno, J.2
  • 98
    • 36849038181 scopus 로고    scopus 로고
    • Microsoft CEO Ballmer defends spending increase,
    • May 2
    • Romano, B. (2006). "Microsoft CEO Ballmer defends spending increase," Seattle Times, May 2.
    • (2006) Seattle Times
    • Romano, B.1
  • 101
    • 0002054507 scopus 로고
    • Breach of Trust in Hostile Takeovers
    • A. Auerbach, ed, University of Chicago Press
    • Shleifer, A., and L. Summers, 1988, "Breach of Trust in Hostile Takeovers," in A. Auerbach, ed., Corporate Takeovers: Causes and Consequences, University of Chicago Press: 33-56.
    • (1988) Corporate Takeovers: Causes and Consequences , pp. 33-56
    • Shleifer, A.1    Summers, L.2
  • 102
    • 68749089259 scopus 로고    scopus 로고
    • Exxon's 17% gain disappoints, irritates,
    • May 2
    • Souder, E. (2008). "Exxon's 17% gain disappoints, irritates," Dallas Morning News, May 2.
    • (2008) Dallas Morning News
    • Souder, E.1
  • 103
    • 68749120312 scopus 로고    scopus 로고
    • After a rough year, nearly half of Wall Street bank profits are gone,
    • June 16
    • Story, L. (2008). "After a rough year, nearly half of Wall Street bank profits are gone," New York Times, June 16.
    • (2008) New York Times
    • Story, L.1
  • 104
    • 68749096655 scopus 로고    scopus 로고
    • Flipping' Goldman fingered
    • October 4
    • Teather, D. (2002). "'Flipping' Goldman fingered," Guardian, October 4.
    • (2002) Guardian
    • Teather, D.1
  • 105
    • 0039865739 scopus 로고
    • Financing Acquisitions in the Late 1980s: Sources and Forms of Capital, in M. Blair, ed
    • Brookings
    • Tufano, P. (1993). "Financing Acquisitions in the Late 1980s: Sources and Forms of Capital," in M. Blair, ed., The Deal Decade, Brookings: 289-320.
    • (1993) The Deal Decade , pp. 289-320
    • Tufano, P.1
  • 108
    • 0041549792 scopus 로고    scopus 로고
    • How corrupt is Wall Street?
    • May 13
    • Vickers, M., and M. France (2002). "How corrupt is Wall Street?," Business Week, May 13.
    • (2002) Business Week
    • Vickers, M.1    France, M.2
  • 110
    • 36849009998 scopus 로고    scopus 로고
    • Friends and family: Sycamore gave lots of 'directed shares' to a key customer
    • March 20
    • Warner, M. (2000). "Friends and family: Sycamore gave lots of 'directed shares' to a key customer," Fortune, March 20.
    • (2000) Fortune
    • Warner, M.1
  • 114
    • 68749113430 scopus 로고    scopus 로고
    • Global ambition behind CITIC's Bear Stearns deal,
    • October 22
    • Zhu, C. (2007). "Global ambition behind CITIC's Bear Stearns deal," Reuters News, October 22.
    • (2007) Reuters News
    • Zhu, C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.