참고문헌 (46)

1. 10.21023/JMF.31.2.3 강원철·고성수, 2017, 「기업부동산 정보의 가치 관련성에 관한 연구」, 『금융연구』, 31(2):83-114. 10.21023/JMF.31.2.3 

   

2. 강원철·고성수, 2015, 「기업부동산이 기업 가치에 미치는 영향」, 『상업교육연구』, 29(1):191-214. 

3. 강진수·심한택, 1998, 「부동산보유비율이 주가/장부 가치비율에 미치는 영향」, 『세무회계연구』, 5:361- 384. 

4. 김동욱·김병곤, 2015, 「한국기업의 투자부동산 보유는 기업가치를 감소시키는가?」, 『산업경제연구』, 28(6): 2523-2542. 

5. 10.23843/as.17.1.3 김혜진·조주현, 2018, 「기업 부동산 정보가 기업 가치에 미치는 영향에 관한 실증연구」, 『감정평가학 논집』, 17(1):41-71. 10.23843/as.17.1.3 

   상세보기

6. 이지혜·변희섭, 2016, 「기업의 부동산 보유와 신용 등급」, 『부동산연구』, 26(1):47-62. 

7. 이해영·조명호, 2009, 「기업의 소유 및 투자 부동산이 기업 가치에 미치는 영향」, 『기업경영연구』, 16(4): 67-81. 

8. 전찬구·최향미, 2021, 「기업지배구조와 비사업용 부동산과의 관계에 대한 연구」, 『한국증권학회지』, 50(3):279-313. 

9. 최향미·조영곤, 2012, 「지배주주의 소유-지배 괴리도와 고정자산투자」, 『전략경영연구』, 15(3):1-18. 

10. 10.2307/1913150 Abel, A. B. and O. J. Blanchard, 1986, “The present value of profits and cyclical movements in investment,” Econometrica, 54(2):249-273. 10.2307/1913150 

    상세보기

11. 10.2307/1879431 Akerlof, G. A., 1970, “The market for “Lemons”: Quality uncertainty and the market mechanism,” The Quarterly Journal of Economics, 84(3):488-500. 10.2307/1879431 

    상세보기

12. 10.1007/BF00178855 Ambrose, B. W., 1990, “Corporate real estate’s impact on the takeover market,” The Journal of Real Estate Finance and Economics, 3(4): 307-322. 10.1007/BF00178855 

    상세보기

13. 10.1016/j.jfineco.2019.03.007 Andrei, D., W. Mann, and N. Moyen, 2019, “Why did the q theory of investment start working?,” Journal of Financial Economics, 133(2):251-272. 10.1016/j.jfineco.2019.03.007 

    상세보기

14. 10.1007/s11146-005-7015-5 Brounen, D. and P. M. A. Eichholtz, 2005, “Corporate real estate ownership implications: International performance evidence,” The Journal of Real Estate Finance and Economics, 30(4): 429-445. 10.1007/s11146-005-7015-5 

    상세보기

15. Brueggeman, W. B. and J. D. Fisher, 2015, Real Estate Finance and Investments, 15th ed. New York, NY: McGraw-Hill Irwin. 

16. 10.1257/aer.102.6.2381 Chaney, T., D. Sraer, and D. Thesmar, 2012, “The collateral channel: How real estate shocks affect corporate investment,” American Economic Review, 102(6):2381-2409. 10.1257/aer.102.6.2381 

    상세보기

17. 10.1016/j.jcorpfin.2015.09.001 Cheung, W. M., R. Chung, and S. Fung, 2015, “The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment,” Journal of Corporate Finance, 35: 211-231. 10.1016/j.jcorpfin.2015.09.001 

    상세보기

18. 10.1016/S0148-2963(98)00121-0 Choi, W. W., S. S. Kwon, and G. J. Lobo, 2000, “Market valuation of intangible assets,” Journal of Business Research, 49(1):35-45. 10.1016/S0148-2963(98)00121-0 

    상세보기

19. 10.1111/j.1540-6261.1997.tb01124.x Claessens, S., 1997, “Corporate governance and equity prices: Evidence from the Czech and Slovak Republics,” The Journal of Finance, 52(4):1641-1658. 10.1111/j.1540-6261.1997.tb01124.x 

    상세보기

20. 10.1016/j.jfineco.2004.09.004 Coles, J. L., N. D. Daniel, and L. Naveen, 2006, “Managerial incentives and risk-taking,” Journal of Financial Economics, 79(2):431- 468. 10.1016/j.jfineco.2004.09.004 

    상세보기

21. Ersahin, N., 2020, “Collateral shocks and corporate employment,” Review of Finance, 24(1):163-187. 

22. 10.1016/j.jfineco.2006.06.007 Gan, J., 2007, “Collateral, debt capacity, and corporate investment: Evidence from a natural experiment,” Journal of Financial Economics, 85(3):709-734. 10.1016/j.jfineco.2006.06.007 

    상세보기

23. 10.1016/j.jfineco.2007.04.002 Harford, J., S. A. Mansi, and W. F. Maxwell, 2008, “Corporate governance and firm cash holdings in the US,” Journal of Financial Economics, 87(3):535-555. 10.1016/j.jfineco.2007.04.002 

    상세보기

24. 10.1111/j.1540-6229.2006.00170.x Hartzell, J. C., L. Sun, and S. Titman, 2006, “The effect of corporate governance on investment: Evidence from real estate investment trusts,” Real Estate Economics, 34(3):343-376. 10.1111/j.1540-6229.2006.00170.x 

    상세보기

25. 10.1016/j.jcorpfin.2013.10.006 Hartzell, 2014, “Institutional investors as monitors of corporate diversification decisions: Evidence from real estate investment trusts,” Journal of Corporate Finance, 25:61-72. 10.1016/j.jcorpfin.2013.10.006 

    상세보기

26. 10.1093/restud/rdr036 He, Z. and A. Krishnamurthy, 2012, “A model of capital and crises,” The Review of Economic Studies,79(2):735-777. 10.1093/restud/rdr036 

    

27. 10.1111/j.1468-5957.1996.tb01024.x Jennings, R., J. Robinson, R. B. Thompson II, and L. Duvall, 1996, “The relation between accounting goodwill numbers and equity values,” Journal of Business Finance & Accounting, 23(4):513-533. 10.1111/j.1468-5957.1996.tb01024.x 

    상세보기

28. Jensen, M. C., 1986, “Agency costs of free cash flow, corporate finance, and takeovers,” The American Economic Review, 76(2):323-329. 

29. 10.1016/0304-405X(76)90026-X Jensen, M. C. and W. H. Meckling, 1976, “Theory of the firm: Managerial behavior, agency costs and ownership structure,” Journal of Financial Economics, 3(4):305-360. 10.1016/0304-405X(76)90026-X 

    상세보기

30. 10.1287/mnsc.2014.2094 Lin, L., 2016, “Collateral and the choice between bank debt and public debt,” Management Science, 62(1):111-127. 

    상세보기

31. 10.1007/s11146-010-9271-2 Ling, D. C., A. Naranjo, and M. Ryngaert, 2012, “Real estate ownership, leasing intensity, and value: Do stock returns reflect a firm’s real estate holdings?,” Journal of Real Estate Finance and Economics, 44(1-2):184-202. 10.1007/s11146-010-9271-2 

    상세보기

32. 10.1016/0304-405X(90)90069-C McConnell, J. J. and H. Servaes, 1990, “Additional evidence on equity ownership and corporate value,” Journal of Financial Economics, 27(2):595-612. 10.1016/0304-405X(90)90069-C 

    상세보기

33. 10.1016/j.jmateco.2013.12.003 Miao, J. and P. Wang, 2014, “Sectoral bubbles, misallocation, and endogenous growth,” Journal of Mathematical Economics, 53:153-163. 10.1016/j.jmateco.2013.12.003 

    상세보기

34. 10.1007/s10551-015-2676-3 Mishra, D. R., 2017, “Post-innovation CSR Performance and firm value,” Journal of Business Ethics, 140(2):285-306. 10.1007/s10551-015-2676-3 

    상세보기

35. 10.1016/0304-405X(88)90048-7 Morck, R., A. Shleifer, and R. W. Vishny, 1988, “Management ownership and market valuation: An empirical analysis,” Journal of Financial Economics, 20(1):293-315. 10.1016/0304-405X(88)90048-7 

    상세보기

36. 10.1108/CG-03-2011-0093 Mouselli, S. and K. Hussainey, 2014, “Corporate governance, analyst following and firm value,” Corporate Governance, 14(4):453-466. 10.1108/CG-03-2011-0093 

    상세보기

37. 10.1111/j.1911-3846.1995.tb00461.x Ohlson, J. A., 1995, “Earnings, book values, and dividends in equity valuation,” Contemporary Accounting Research, 11(2):661-687. 10.1111/j.1911-3846.1995.tb00461.x 

    상세보기

38. 10.1016/0927-5398(94)90007-8 Perfect, S. B. and K. W. Wiles, 1994, “Alternative constructions of Tobin’s q: An empirical comparison,” Journal of Empirical Finance, 1(3-4):313-341. 10.1016/0927-5398(94)90007-8 

    상세보기

39. 10.1177/0007650304263919 Seifert, B., S. A. Morris, and B. R. Bartkus, 2004, “Having, giving, and getting: Slack resources, corporate philanthropy, and firm financial performance,” Business & Society, 43(2):135-161. 10.1177/0007650304263919 

    상세보기

40. 10.1111/j.1540-6261.1997.tb03807.x Shleifer, A. and R. W. Vishny, 1997, “The limits of arbitrage,” The Journal of Finance, 52(1):35-55. 10.1111/j.1540-6261.1997.tb03807.x 

    상세보기

41. Stiglitz, J. E. and A. Weiss, 1981, “Credit rationing in markets with imperfect information,” The American Economic Review,71(3):393-410. 

42. 10.1016/j.jcorpfin.2005.03.001 Thomsen, S., T. Pedersen, and H. K. Kvist, 2006, “Blockholder ownership: Effects on firm value in market and control based governance systems,” Journal of Corporate Finance, 12(2): 246-269. 10.1016/j.jcorpfin.2005.03.001 

    상세보기

43. 10.1111/j.1540-6261.1988.tb02585.x Titman, S. and R. Wessels, 1988, “The determinants of capital structure choice,” The Journal of Finance, 43(1):1-19. 10.1111/j.1540-6261.1988.tb02585.x 

    상세보기

44. 10.1093/rfs/hhq006 Tuzel, S., 2010, “Corporate real estate holdings and the cross-section of stock returns,” The Review of Financial Studies, 23(6):2268-2302. 10.1093/rfs/hhq006 

    상세보기

45. 10.1080/10835547.1989.12090592 Veale, P., 1989, “Managing corporate real estate assets: Current executive attitudes and prospects for an emergent management discipline,” Journal of Real Estate Research, 4(3):1-22. 10.1080/10835547.1989.12090592 

    상세보기

46. 10.1111/1540-6229.12112 Zhao, D. and T. F. Sing, 2016, “Corporate real estate ownership and productivity uncertainty,” Real Estate Economics, 44(2):521-547. 10.1111/1540-6229.12112 

    상세보기