PDF가 표시되지 않으면 여기를 클릭하여 다운로드

1
나종길, 신희정 (2013), “구조적 접근에 근거한 기본변수들의 정보성,” 회계정보연구, 제31권 2호, pp.33-60. (Na, C. K., and Shin, H. J. (2013), “Information contents of fundamental variables based on structured approach,” Journal of Accounting and Information Rights, 31(2), pp.33-60.) Google Scholar ›
2
노정희 (2019), “경영자의 주식담보대출이 이익조정에 미치는 영향,” 한국증권학회 제1차 정기학술대회 논문집, pp.1-25. (Noh, J. H. (2019), “The effect of manager's stock pledges on earnings management,” Proceedings of the 1st Regular Conference of the Korean Joint Finance Association, pp.1-25.) Google Scholar ›
3
박순홍 (2023), “대주주의 주식담보대출과 주가의 정보효율성,” 경영경제연구, 제45권 2호, pp.59-78. (Park, S. (2023), “Controlling shareholders’ share pledge and stock price informativeness,” Journal of Management & Economics, 45(2), pp.59-78.) Google Scholar ›
4
박순홍, 박경희 (2024), “원가의 하방경직성이 대주주의 주식담보대출과 기업가치 간의 관계에 미치는 영향,” Financial Planning Review, 제17권 3호, pp.1-26. (Park, S., and Park, K. H. (2024), “The effect of cost stickiness on the relation between share pledges and firm value,” Financial Planning Review, 17(3), pp.1-26.) Google Scholar ›
5
신희정, 나종길, 고재민 (2017), “기본변수의 미래이익 예측력과 재무분석가의 이익예측 효율성,” 회계학연구, 제42권 5호, pp.123-160. (Shin, H. J., Na, C. K., and GOH, J. (2017), “The predictability of fundamental variables on future earnings and analysts’ forecast efficiency,” Korean Accounting Review, 42(5), pp.123-160.) Google Scholar ›
6
조은아, 양동령 (2019), “대주주의 주식담보대출이 기업 배당정책에 미치는 영향에 관한 연구,” 재무관리연구, 제36권 1호, pp.119-150. (Cho, E., and Yang D. R. (2019), “The effect of share pledges on payout policy,” The Korean Journal Of Financial Management, 36(1), pp.119-150.) Google Scholar ›
7
Anderson, M. C., Banker, R. D., and Janakiraman, S. N. (2003), “Are selling, general, and administrative costs “sticky?”, Journal of Accounting Research, 41(1), pp.47-63. Google Scholar ›
8
Anderson, R., and Puleo, M. (2020), “Insider share-pledging and equity risk,” Journal of Financial Services Research, 58(1), pp.1-25. Google Scholar ›
9
Cao, S., Di, L., and Sun, Y. (2025), “Controlling shareholder’s share pledging and annual report tone management: Empirical evidence from Chinese listed firms,” The European Journal of Finance, 31(7), pp.889–918. Google Scholar ›
10
Chan, K., Chen, H. K., Hu, S. Y., and Liu, Y. J. (2018). “Share pledges and margin call pressure,” Journal of Corporate Finance, 52, pp.96-117. Google Scholar ›
11
De Jong, D. V., K. Liao, and Xie, D. (2020), “Controlling shareholder’s share pledging and accounting manipulations,” Working Paper, Available at SSRN 3274388. Google Scholar ›
12
Deren, X., and Ke, L. (2018), “Share pledging by controlling shareholders and real earnings management of listed firms,” China Journal of Accounting Studies, 6(2), pp.109-119. Google Scholar ›
13
Dou, Y., Masulis, R. W., and Zein, J. (2019), “Shareholder wealth consequences of insider pledging of company stock as collateral for personal loans,” The Review of Financial Studies, 32(12), pp.4810-4854. Google Scholar ›
14
Hainmueller, J. (2012), “Entropy balancing for causal effects: A multivariate reweighting method to produce balanced samples in observational studies,” Political analysis, 20(1), pp.25-46. Google Scholar ›
15
Kim, E. H., and Lu, Y. (2011), “CEO ownership, external governance, and risk-taking,” Journal of Financial Economics, 102(2), pp.272-292. Google Scholar ›
16
Li, S., Zheng, X., Niu, J., and Ma, X. (2024), “Share pledging of controlling shareholders and corporate social responsibility disclosure,” Research in International Business and Finance, 67, 102130. Google Scholar ›
17
Liu, Y., Huang, D., Zhou, J., and He, M. (2024), “Controlling Shareholder’s Share Pledging Motivation and Firm's Future Development: New Insights from LDA Model Text Analysis,” Available at SSRN 4810186. Google Scholar ›
18
Myers, S. C., and Majluf, N. S. (1984), “Corporate financing and investment decisions when firms have information that investors do not have,” Journal of Financial Economics, 13(2), pp.187-221. Google Scholar ›
19
Penman, S., and Zhang, X. (2002), “Modeling sustainable earnings and P/E ratios with financial statement analysis,” Working paper, Columbia university. Google Scholar ›
20
Shleifer, A., and Vishny, R. W. (1997), “A survey of corporate governance,” The Journal of Finance, 52(2), pp.737-783. Google Scholar ›
21
Wahlen, J. M., and Wieland, M. M. (2011), “Can financial statement analysis beat consensus analysts’ recommendations?,” Review of Accounting Studies, 16(1), pp.89-115. Google Scholar ›
22
Wieland, M. M. (2011), “Identifying consensus analysts’ earnings forecasts that correctly and incorrectly predict an earnings increase,” Journal of Business Finance & Accounting, 38(5‐6), pp.574-600. Google Scholar ›
23
Xu, J. (2021), “Relationship between controlling shareholders’ participation in share pledging and accounting conservatism in China,” Australian Accounting Review, 31(1), pp.9-21. Google Scholar ›

대주주의 주식담보대출과 기업가치 간 관계 부호의 반전: 미래 이익 신호의 조절 효과