【文章內(nèi)容簡介】 Condition) 馬歇爾。 Marshall, Money, credit and merce London: Macmillan.1貨幣貶值的吸收方法 。 Alexander,S. 1952, Effects of a devaluation on a trade balance ,International Monetary Fund Staff Paper 2:263781貨幣貶值的貨幣方法 蒙代爾。 Mundell,. 1971, monetary theory pacific palisades: Good year1國際收支依賴性經(jīng)濟模型 斯旺。 Swan, . 1960, Economic control in a dependent economy, Economic record 36:51661匯率超調(diào)模型 多恩布什。 Dornbusch, R. 1976, Expectations and exchange rate dynamics, Journal of Political Economy 84(6):116176（三）金融市場學金融市場學理論 作者 出處 發(fā)展隨機游走模型 Kendall, Osborn, Arnold Moore 有效率市場假說(Efficient market hypothesis) Eugene Fama。 Eugene Fama， Efficient Capital Market: a Review of Theory and Empirical Work, Journal of Finance, May 1970 　 規(guī)模效應（或小公司效應） Rolf Banz。 Banz, The relationship between return and market value of mon stock, Journal of Financial Economics 9:318 小公司效應在一月份的前兩個星期最為明顯，見Donald Keim, Size Related Anomalies and Stock Return Seasonality: Future Empirical Evidence, Journal of Financial Economics, June 1983。 Marshall Blume, Robert Stambaugh, Biases in Computed Returns: an Application to Size Effect, Journal of Financial Economics, August 1983. 流動性效應 Amihud amp。 Mendelson 　 　賬面價值/市場價值比率效應 Eugene Fama, Kenneth French。 Eugene Fama, Kenneth French, The Cross Section of Expected Stock Returns, Journal of Finance, June 1992. 　 逆轉效應（過度反應） DeBondt, Thaler。 DeBondt, Thaler, Does the Stock Market Overact? Journal of Finance, (40)1985.動力效應 N. Jegadeesh, S. Titman。 N. Jegadeesh, S. Titman, Return to Buying Winners and Selling Losers: Implications for Stock Market Efficiency, Journal of Finance, (48)1993 　 股權溢價之謎 米拉，普雷斯科特。 Mehra, R. and Prescott,. The equity premium: a puzzle. Journal of Monetary Economics 15(2) 　 GrossmanStiglitz悖論 Grossman, Sanford, J. and Stiglitz, J. E； Grossman, Sanford, J. and Stiglitz, J. E., 1980, On the Impossibility of Informationally Efficient Markets, American Economic Review 70, 393408 　 現(xiàn)代組合理論 Harry Markowitz?！? Harry Markowitz, Portfolio Selection, Journal of Finance, March 1952 　1資本資產(chǎn)定價模型（CAPM） 威廉夏普。 Sharpe,. 1964, Capital asset prices:a theory of market equilibrum under conditions risk, Journal of Finance 19,September　 (1) 放松了關于所有資產(chǎn)都可以市場化的假設，推導出存在非市場化資產(chǎn)情況下的資產(chǎn)定價公式。David Mayers, Nonmarketable Assets and Capital Market Equilibrium under Uncertainty, In Studier in the Theory of Capital Markets, ed. Michael Jensen, New York: Praeger. （2）多因素的資本資產(chǎn)定價模型Robert Merton, An Intertemporal Capital Asset Pricing Model, Econometrica, 1973. （3）以消費為導向的資本資產(chǎn)定價模型Breeden D., An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities, Journal of Financial Economics, (7)1979. 1 APT Stephen A. Ross。 Ross,., The arbitrage theory of capital asset pricing,Journal of Economic Theory13（3）， 　1 共同基金定理(mutual fund theorem) James Tobin。 James Tobin, Liquidity Preference as Behavior toward Risk, The Review of Economic Studies, February 1958 　 1 M－M定理（又稱不相關定理） Modigliani, Franco and Merton H. Miller。 Modigliani and Miller ,The cost of capital, corporation finance, and the theory of investment ,American Economic Review, 48：261－97，1958 1 稅差主義 F. Modigliani, M. H. Miller F.。 Modigliani, M. H. Miller, Dividend Policy, Growth and the Valuation of Shares, Journal of Business, October 1961. F. Modigliani, M. H. Miller, Corporate Ine Taxes and the Cost of Capital: A Correction, American economic Review, 53(June 1963) （tax shield）效應，對MM定理進行了修正。 Farrar, Donald E. and Selwyn, Lee L. Taxes, Corporate Financial Policy and Return to Investment, National Tax Journal, 20, (Dec. 1967), , , Debt and Taxes, Journal of Finance 32,1977, ，在一般市場均衡的條件下，科學闡述了資本結構理論。1 破產(chǎn)成本主義 Baxter, Nevins D.。 Baxter, Nevins D. Leverage, Risk of Ruin and the Lost of Capital, Journal of Finance, 22, (September, 1967) 一旦債務超過可接受的水平，企業(yè)的平均資本成本就會隨著債務水平的增加而增高，從而增加破產(chǎn)的可能性，過度的債務融資還會增加企業(yè)全部盈利的風險性，進而減少企業(yè)總價值。參考Stiglitz, Joseph E., A ReExamination of the Modigliani Miller Theorem, The American Review,59(Dec. 1969) , Joseph E., On the Irrelevance of corporate Financial Policy, The American Review,64(Dec. 1974) 1權衡理論 Robichek, Alexander A., and Myers, Stewart,。 Robichek, Alexander A., and Myers, Stewart, Problems in the Theory of Optimal Capital Structure, Journal of Financial and Quantitative Analysis, 1,(1966)Myers, Stewart, The Capital Structure Puzzle, Journal of Finance, 39, (July 1984), 　 Masulis, Ronald W. Discuss: How Big is the Tax Advantage to Debt? The Journal of Finance,39,(July 1984), 、財務困境成本以及非負債稅收收益的損失等方面，擴大了成本和收益的內(nèi)容，形成后權衡理論。 1代理成本理論 M. Jensen, W. Meckling, M.。 Jensen, W. Meckling, The Theory of the Firm: Managerial Behavior, Agency Costs, and Capital Structure, Journal of Financial Economics, May 1976. 　 1財務契約論 Smith, Clifford W. and Warner, Jerold B.。 Smith, Clifford W. and Warner, Jerold B. On Financial Contracting: An Analysis of Bond Covenants, Journal of Financial Economics (1979)117161 　 信號理論 Spence, A. M. and S. A. Ross 。 Spence, A. M. Job Marketing Signaling, Quarterly Journal of Economics 87, 1973, S. A. Ross, The Determination of Financial Structure: the Incentive Signaling Approach, Bell Journal of Economics, (8)1977將信號理論運用到資本結構理論中。2新融資優(yōu)序論 Myers, Stewart C. and Majluf, Nicholas S.。 Myers, Stewart C. and Majluf, Nicholas S. Corporate Financing and Investment Decisions When