Berle A, Means G. The modern corporation and private property[M]. New York:Macmillan,1932.
[2]
Jensen M, Meckling W. Theory of the firm: managerial behavior, agency costs, and ownership structure[J]. Journal of Financial Economics, 1976, 3(4):305-360.
[3]
Green R, Talmor E. Asset substitution and the agency costs of debt financing[J]. Journal of Banking and Finance, 1986, 10(3):391-399.
[4]
Mauer D C, Sarkar S. Real options, agency conflicts and optimal capital structure[J]. Journal of Banking and Finance, 2005, 29(6):1405-1428.
[5]
La Porta R, Lopez F, Shleifer A. Corporate ownership around the world[J]. Journal of Finance, 1999, 54(2):471-517.
[6]
Claessens S, Djankov S, Lang L. The separation of ownership and control in east asian corporations[J]. Journal of Financial Economics, 2000, 58(1-2):81-112.
[7]
Lins K V. Equity ownership and firm value in emerging markets[J]. Journal of Financial and Quantitative Analysis, 2003, 38(1):159-184.
[8]
Titman S, Tsyplakov S. A dynamic model of optimal capital structure[J]. Review of Finance, 2007, 11(3): 401-451.
[9]
Klock M, Mansi S, Maxwell W. Does corporate governance matter to bondholders?[J]. Journal of Financial and Quantitative Analysis, 2004, 40(4): 693-719.
[10]
Brockman P, Unlu E. Dividend policy, creditor rights, and the agency costs of debt[J]. Journal of Financial Economics, 2009, 92(2):276-299.
[11]
Bradley M, Chen Dong. Corporate governance, credit condition, and the cost of debt. Working Paper, Duke University and University of Baltimore,2011.
[12]
Huang Jingzhi, Huang Ming. How much of corporate-treasury yield spread is due to credit risk?: a new calibration approach[R]. working Paper, No. FIN-02-240,New York University, 2002.
[13]
Betker A M, Brian L. Liquidation costs and capital structure[J]. Journal of Financial Economics, 1995, 39(1):45-69.
[14]
Claessens S, Djankov S, Fan J, et al. Disentangling the incentive and entrenchment effects of large Shareholdings[J]. Journal of Finance, 2002, 57(6), 2741-2771.
[15]
Claessens S, Fan J, Djankov S, et al. Expropriation of minority shareholders: evidence from east asia[R]. Working Paper, The World Bank,1999.
[16]
Jensen M C. Agency costs of free cash flow, corporate finance, and takeovers[J]. American Economics Reviews, 1986, 76(2):323-329.
[17]
Stulz R M. Managerial discretion and optimal financing policies[J]. Journal of financial Economics, 1990, 26(1):3-27.
[18]
Filatotchev I, Mickiewicz T. Ownership concentration, private benefits of control, and debt financing[R]. Working paper, School of Slavonic & East European Studies, 2001.
[19]
Galai D, Masulis R. The option pricing model and the risk factor of stock[J]. Journal of Financial Economics, 1976, 3(1-2):53-81.
[20]
Moyen N. How big is the debt overhang problem?[J]. Journal of Economic Dynamics and Control, 2007, 31(2):433-472.
[21]
Anderson R, Mansi S, Reeb D. Founding family ownership and the agency cost of debt[J]. Journal of Financial Economics, 2003, 68(2):263-285.