Primeira vez aqui? Seja bem vindo e cheque o FAQ!
x

Quais os papers mais influentes em finanças?

+1 voto
638 visitas
perguntada Abr 18, 2015 em Finanças por riddleJedi (101 pontos)  

Quais os papers mais influentes em finanças?

Compartilhe
comentou Abr 18, 2015 por danielcajueiro (5,186 pontos)  
O que você acha de dividirmos esses papers por áreas?

2 Respostas

0 votos
respondida Abr 18, 2015 por danielcajueiro (5,186 pontos)  

Deve haver muitos artigos importantes faltando, mas essa uma proposta de uma lista inicial.

Finanças Corporativas:

a) Irrelevância da Estrutura de capital

Modiagliani, F. and Miller, M. The Cost of Capital, Corporation and The Theory of Investment. American Economic Review, v. 48, p. 261 – 297, 1958.

Miller, M. and Modiagliani, F. Dividend policy, growth and the valuation of shares. The Journal of Business, v. 34, p. 411-433, 1961.

Modiagliani, F. and Miller, M. Corporate Income Taxes and The Cost of Capital: A Correction. American Economic Review, v. 53, p. 433 – 443, 1963.

Stiglitz, J. E. A Re-examination of the Modigliani-Miller theorem. American Economic Review, v. 59, 1969.

Miller, M. Debt and Taxes. Journal of Finance, v. 32, p. 261 - 275, 1977.

b) Estrutura de Capital, Informação Assimétrica e Sinalização

Jensen, M. and Meckling, W. Theory of the firm: managerial behavior, agency costs and onwership structure. Journal of Financial Economics, v. 3, p. 305-360, 1976.

Leland, H. and Pyle, D. Informational assimetry, financial structure and financial intermediation. Journal of Finance, v. 32, p. 371-387, 1977.

Bhattacharya, S. Imperfect information, dividend policy, and "The bird in the hand" fallacy. The Bell Journal of Economics, v. 10, 259-270, 1979.

Myers, S. and Majluf, N. Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, v. 13, p. 187-221, 1984.

Ross, S. The economic theory of agency: The principal’s problem. American Economic Review, v. 63, p. 134-139, 1973.

Ross, S. The determination of financial structure: the incentive signaling approach. Bell Journal of Economics v. 8, p. 23-40, 1977.

Vermaelen, T. Repurchase tender offers, signaling and managerial incentives. Journal of Financial and Quantitative Analysis, v. 19, p. 163-181, 1981

c) Política de dividendos:

Asquith, P. and Mullins Jr. D. W. The impact of initiating dividend payments on shareholders wealth. Journal of Business, v. 56, p. 77-96, 1983.

Miller, M. and Modiagliani, F. Dividend Policy, Growth and The Valuation of Shares. Journal of Business, v. 34, p. 411 – 433, 1961.

Miller, M. and Scholes, M. Dividends and Taxes. Journal of Financial Economics, v. 6, p. 233 – 264, 1978.

Pettit, R. R. Dividend announcements, security performance, and capital market efficiency. Journal of Finance, v. 27, n. 5, 1972.

Pettit, R. R. The impact of dividend announcements: a reconciliation. Journal of Business, v. 49, n. 1, p. 86 – 96, 1976.

d) Reestruturação de Capital de uma firma:

Chemmanur, T. and Fulghieri, P. A theory of going public decision. A review of Financial Studies, v. 12, p. 249-279, 1999.

Elitzur, R. P., Halpern, R. Kieschnick, R. and Rotenberg, W. Managerial incentives and the structure of management buyouts. Journal of Economic Behavior and Organization, v. 36, p. 347-367, 1998.

Pagano, M. Panetta, F. Zingales, L. Why do companies go public? An empirical analysis. Journal of Finance, v. 53, p. 27-64, 1998.

e)Fusões e Aquisições:

Grossman, S. J. and Hart, O. D. Takeover bids, the free rider problem and the theory of corporation. The Bell Journal of Economics, v. 11, p. 42-64, 1980.

Shleifer, A. Vichny, R. W. Large shareholders and corporate control. The Journal of Political Economy, v. 94, 1986.

Elitzur, R. and Halpern, P. Kieshnick, R. and Rotenberg, W. Managerial Incentives and structure of management buyout. Journal of Economic Behavior and Organization, v. 36, p. 347-367, 1998.

Welch, I. Seasoned offerings, imitation costs and the underpricing of initial public offerings. Journal of Finance, v. 44, p. 421-449, 1989.

f) Governança Corporativa

Gillan, S. L. and Starks, L. T. Corporate governance proposals and shareholder activism: the role of institutional investors. Journal of Financial Economics, v. 57, 275-305, 2000.

Hart, O. Some theory and implications. Economic Journal, v. 105, n. 430, p. 678-689, 1995.

Hatzel, J. C. and Starks, L. T. Institutional investors and executive compensation. Journal of Finance, v. 58, n. 6, 2351-2374, 2003.

Holmstron, B. and Tirole, J. Market liquidity and performance monitoring. Journal of Political Economy, v. 101, 679-709, 1993.

Maug, E. Large Shareholders as monitors: Is there a trade-off between liquidity and control? Journal of Finance, v. 53, 65-98, 1998.

Shleifer, A. and Vishny, R. W. A survey of corporate governance. The Journal of Finance, v. 52, n. 2, 1997.

0 votos
respondida Abr 18, 2015 por danielcajueiro (5,186 pontos)  
editado Abr 18, 2015 por danielcajueiro

Mercados Financeiros

a) Eficiência de mercado:

Fama, E. F. Efficient capital markets: a review of theory and empirical work. Journal of Finance, v. 25, n.2, 383-417, 1970.

Fama, E. F. Efficient capital markets II. Journal of Finance, v. 46, n. 5, p. 1575-1617, 1991.

LeRoy, S. F. Efficient capital markets and martingales. Journal of Economic Literature, v. 27, n. 4, p. 1583-1621, 1989.

b) Anomalias:

Baur, R. F. and Orazen, P. F. The rationality and price effects of U. S. department of agriculture forecasts of oranges. Journal of Finance, v. 49, n. 2, 1994.

Basu, S. Investment performance of common stocks in relation to their price-earning ratios: a test of the efficiency market hypothesis. The Journal of Finance, v. 32, n. 3, 1977.

Brown, S. J., Goetzmann, W., Ibbotson, R. G. and Ross. S. A. Survivorship bias in in performance studies. The review of financial studies, v. 5, n. 4, 1992.

Lakonishov, J. and Smidt, S. Are seasonal anomalies real? A ninety-year perspective. The review of financial studies, v. 1, n. 4, 1988.

Roll, R. Orance juice and weather. The American Economic Review, v. 74, n. 5, 1984.

Saunders Jr., E. M. Stock prices and wall street weather. American Economic Review, v. 85, n. 5, 1993.

c) Especulação:

Hirshleifer, J. Speculation and equilibrium: information, risk and markets. QuarterlyJournal of Economics, v. 89, n. 5, 1975.

Feiger, G. What is speculation? The Quarterly Journal of Economics, v. 90, n. 4, 1976.

Harrison, M. J. and Kreps, D. M. Speculative investor behavior in a stock market with heterogeneous expectations. The Quarterly Journal of Economics, v. 92, n. 2, 1978.

Tirole, J. On the possibility of speculation under rational expextations. Econometrica, v. 50, n. 5, p. 1163-1182, 1982.

d) Efeito manada

Sharfstein, D. S. and Stein, J. C. Herd behavior and investment. The American Economic Review, v. 80, n. 3, p. 465-479, 1990.

Kirman, A. Ants, rationality and recruitment. The Quarterly Journal of Economics, v. 108, n. 1, p. 137-156, 1993.

e) Bolhas:

Bhargava, A. On the theory of testing for unit roots in observed time series. Review of Economic Studies, v. 53, n. 3, 1986.

Diba, B. T and Grossman, H. I. Expolisive rational bubbles in stock prices? American Economic Review, v. 78, n. 3, 1988.

Evans, G. W. Pitfalls in testing for explosive bubbles in asset prices. American Economic Review, v. 81, n. 4, 1991.

Flavin, M. A. Excess volatility in the financial markets: a reassessment of the empirical evidence. Journal of Political Economy, v. 91, n. 6, 1983.

Gilles, C. and LeRoy, S. F. Econometric aspects of the variance bound tests: a survey. Review of financial studies, v. 4, n. 4, 1991.

LeRoy, S. F. and Porter, R. D. The present value relation: tests based on implied variance bounds. Econometrica, v. 49, n. 3, 1981.

Shiller, R. J. Do stock prices move too much to be justified by subsequent changes in dividends? American Economic Review, v. 71, n. 3, 421-436, 1981.

West, K. D. Bubles, fads and stock price volatility tests: a partial evaluation. Journal of Finance, v. 43, n. 3, 1988.

f) Análise técnica:

Fama, E. F. and Blume, M. E. Filter rules and stock market trading. The Journal of Business, v. 39, n. 1, p. 226-241, 1966.

Brown, D. P. and Jennings, R. H. On technical analysis. The review of financial studies, v. 2, n. 4, p. 527-551, 1989.

Neftci, S. N. Naïve trading rules in financial markets and Wiener-Kolmogorov prediction theory: a study of technical analysis. The Journal of Business, v. 64, n. 4, 549-571, 1991.

Brock, W., Lakonishok, J. and Le Baron, B. Simple technical trading rules and the stochastic properties of stock returns. The Journal of Finance, v. 47, n. 5, 1731-1764, 1992.

Blume, L. and Ealey, D. and O’Hara, M. Market statistics and technical analysis: the role of volume. The Journal of Finance, v. 49, n. 1, 153-181, 1994.

Andersen, J. V., Gluzman, S. and Sornette, D. Fundamental framework for technical analysis. Working Paper of University of California, 1999.

Lo, A. W., Mamaysky, H. and Wang, J. Foundations of technical analysis: computational algorithms, statistical inference and empirical implementation. The Journal of Finance, v. 54, n. 4, 2000.

...