Publications-Theses
Article View/Open
Publication Export
-
Google ScholarTM
NCCU Library
Citation Infomation
Related Publications in TAIR
題名 集團企業多角化策略型態對內部上市公司系統風險影響之研究 作者 胡斌成 貢獻者 郭崑謨
胡斌成日期 1991
1990上傳時間 2-May-2016 16:59:05 (UTC+8) 摘要 究竟多角化策略與系統風險有何關係應為公司管理當局和投資人所共同關心的課題。本研究因此配合國內集團企業特殊經營方式，探討集團企業多角化策略型態和集團內部上市公司股票系統風險的關係。 參考文獻 I、中文部份.1：中華徵信所，1990/1991年版，中華民國台灣地區集團企業研究，pp.31。2：丁豪威，"臺灣集團企業經營策略之研究-產業關聯分析法之應用"，政大企研所未出版碩士論文，pp.1。3：黃俊英，企業管理，正中書局，第五版，民國72年，pp.2-3。4：許士軍，台灣地區集團企業與經濟社會發展座談會記錄，見中華徵信所編，台灣區集團企業研究，65年版，pp.47。5：聯合報，民國79年12月17日，"公司法關係企業專章草案全文"。6：劉水深、郭崑謨、黃俊英、司徒達賢等著，"台灣地區關係企業之形成、營運與其影響"(上)，企銀季刊，第三卷第三期，民國70年1月，pp.24。7：李屏生著，"由政府的立場看關係企業"，現代管理月刊，民國69年2月，pp.8。8：Phlip Kolter：原著，高熊飛譯，行銷管理(華泰書局，民國71年)，第四版，pp.99。9：丁豪威，"：台灣集團企業經營策略之研究--產業關聯分析法之應用"，民國七十二年，政大企研所未出版碩士論文，pp.100。10：陳正倉，"台灣地區產業結構之研究"，企銀季刊，71年第一期，pp.91。11：張錫芳，"槓桿作用程度與股票系統風險關聯性之研究"，交大管科所未出版碩士論文，民國76年6月。12：林芳文，"公司特徵與股票系統風險之關聯性研究"，國立交通大學管科研究所未出版碩士論文，民國74年5月。13：陳隆麒譯，現代財務管理，台北：華泰書局，民國七十八年印行。14：許致中，"台灣地區企業多角化策略對績效影響之研究"，交通大學管科研究所未出版碩士論文，民國76年6月，pp.30-31。15：陳隆麒，財務管理上課義，pp.34-35。16：周文賢、葉佐端合著，多變量統計分析--SAS/STAT1ST1CS使用方法，民國78年11月，PP.55，PP.73。17：林煜宗，現代投資學一制度、理論與實證，三民書局，民國72年，pp. 289-293。18：林炯垚，財務管理一理論與實務，台北：華泰書局，民國七十九年二月印行。Ⅱ、英文部份.1 :Ailliam F. Sharpe, "A Simplified Model for Portfolio Analysis", Management Science, (Vo19, No.2, 1963), pp.277-93。2 :Alfread D.Chandler,"1ntroduction "to Strategy & Structure ,(Cambridge :M.1.T.Press,1962)quoted by Business Policy & Strategy Concepts & Readings, Mccarthy et.el.ed., (Homewood:R.D.Irwin, 1975)pp.374。3 :Amihud,Yakov,and B.Lev, "Risk Reduction As a Managerial Motive for Conglomerate Mergers", Bell Journal of Economics 12,no.2(1981),pp.605-617。4 :Amit,R. ,and J.Livnat,"Diversification and the Risk-Return Tradeoff",Academy of Management Journal 31,no.l(1988a)。 --------, "Diversification Strategies: Business Cycle and Economic Performance", Strategic Management Journal 9,no.2(1988b)。5 :Amit,R. ,and J. Livnat, "Diversification, Capital Structure, and Systematic Risk: An Empirical Investigation", Journal of Accounting, Auditing & Finance,Vol.3(Winter. 1988),pp.19-43。6 :Barton,S.L.1988,"Diversification strategy and systematic risk: another look", Academy of Management Journal.1988.Vol.31,No.l,166-175。7 : Barton. S. L .1985, "The corporate strategy-capital structure relationship in the large firm", Unplished doctoral dissertation, Indiana University, Bloomington。8 :Beaver W.H., Kettler, P. , and Scholes, M. "The Association Between Market-Determined and Accounting-Determined Risk Measures", The Accounting Review (Oct.1970)pp.654-82。9 :Ben-Zon, V. and Shalit, S.S. "Size Leverage, and Dividend Recordas Determinants of Equity Risk", Journal of Finance(Sep.1975)pp.l015-1026。10 :Bettis.R.A.1981, "Performance difference in related and unrelated diversified firms", Strategic Management Journal, 2: pp.379-93。11 :Bettis,R.A.,and Hall,W.K., "Diversification Strategies,Accounting Determinted Risk", Management Journal,25(2,1982) ,pp.254-64。12 :Bildersee J.S."The Association Betweena Market Determined Measure of risk and Alternative Measures of Risk", The Accounting Review(Jan.1975)pp.81-98。13 :Black, F. and M. Scholes, "The Pricing of , Options and Corporate Liabilities", Journal of Political Economy(May-June 1973)pp.637-40。14 :Bowman, R.G."Theoretical Relationship Between Systematic Riskand Financial Variables", Journal of Finance, June 1979, pp.617-30。15 :Bowman,R.G., "The Importance of a Market-Value Measurment of Debt in Assessing Leverage", Journal of Accounting Research(Spring 1980b) ,pp.515-39。16 :Chandler.Alfred D, Jr.,Strategy and Structure , M. I . T . Press` Cambridge , Massachusetts, 1962。17 :Christensen. H.K .. & Montgomery ,C.A.1981.,"Corporate economic performance: Diversification strategy versus market structure", Strategic Management Journal ,2 : 327-343。18 :Coase,R.H., "The Value of the Firm", Economics, 4 (1937),pp.331-351。19 :Conine, Thomas E.Jr., "On the Theoretical Relationship Between Business Risk and Systematic Risk", Journal of Business Finance & Accounting(1982), pp.199-205。20 :D.L.Beattie,"Conglomerate diversification and performance: a survey and time series analysis", Applied Economics,1980,12 pp.251-73。21 :Ferri, M.G., and W.H. Jones, "Determinant of Financial Structure: A New Method Logical Approach", Journal of Finance(June 1979)pp.631-44。22 :Gahlon, James M.and Roger D. Storer. "Diversification, Financial Leverage, and Conglomerate for Sysmetaic Risk ", Journal of Financial and Quantitative Analysis, Dec.1979, pp.999-1013。23 :Gershon N.Mandelker and S.Ghon Rhee, "The Impact of Degrees of Operating and Financial Leverage on Systematic Risk of Common Stocks", Journal of Financial and Quantitative Analysis (March 1984), pp.45-57。24 :Gort,M. ,Diversification and Integration in American Industry, (Princeton, N.J. :Princeton University Press, 1962)。25 : Gupta Manak C., "The Effect of Size, Growth and Industry on The Finance Structure of Manufacturing Companies", Journal of Finance 24(January 1969)。26 :Hamada, R.S."Porfolio Analysis` Market Equilibrium and Corporate Finance", Journal of Finance(Mar.1969)。27 :Hamada, R.S., "The Effect of the Firm`s Capital structure on the Systematic Risk of Common Stocks.", Journal of Finance(May 1972), pp.435-52。28 :Higgins,R.C., and L.D.Schall ,"Corporate Bankruptcy and Conglomerate Merger", Journal of Finance 30 (March 1975)lPp.93-114。29 :Hill, Ned C. and Bernell K.Stone ."Accounting Bet as, Systematic Operating Risk , and Financial Leverage: A Risk Composition Approach to the Determinants of Systematic Risks", Journal of Fincial and Quantitative Analysis, Sep.1980, pp. 595-637。30 :James M.Gahlon and James A.Gentry , "On the Relationship Between Systematic Risk and the Degree of Operating and Financial Leverage ", Financial Management, Vol11, (Summmer1982):pp.15-23。31 :James M.Gahlon & Roger D.Stover, "Diversification, Financial Leverage and Conglomerate Systematic Risk", Journal of Financial and Quantitative Analysis,Vol.14,No.5, 1979, 12 pp.999-1013。32 :Jeffery Pfeffer and Gerald R. Salancik, The External Control of Organization: A Resource Dependence Perspective, (New York: Harper and Raw Publication Inc., 1978) ,p.113-4。33 :Joehnk,M.D. ,& Nielsen,J.F.1972,"The effects of conglomerate merger activity on systematic risk", Journal of Financial and Quantitative Analysis ,9:pp.215-230。34 :Jon Didrichsen, "The Development of Diversified and Conglomerate Firms in the United States, 1920-1970", Business History Review,Vol.46,Summer 1972,pp.206。35 :Jorome B.Cohn,Edward D.Zinbarg & Authur Zeikel ,Investment Analysis& Portfolio Management ,Irwin Inc.,pp.765-768。36 :Kim. W.S. and E.H. Sorensen, "Evidence on the Impact of the Agency Costs of Debt on Corporate Debt Policy", Journal of Financial and Quantitative Analysis(June 19S6),pp.131-144。37 :Lev, B."On the Association Between Operation Leverage and Risk", Journal of Financial and Quantitative Analysis (Sept.1974)pp.627-41。38 :Levy,H. ,and M.Sarnat, "Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate Mergers", Journal of Finance (September1970), pp.627-642。39 :Lewellen,W.G., "A Pure Financial Rationale For Conglomerate Mergers", Journal of Finance 26(May1971),pp.521-37。40 :Logue. D.E.& Merville. L.J.1972, "Financial policy and market expectations", Financial Management, 1(2):pp.37-44。41 :Lubatkin. M..&O’Neill. H.1987, "Merger strategies and capital market risk", Academy of Management Journal, 30:665-684。42 :Markham, J. M., Conglomerate Enterprise and Econmic Performance (Cambridge,Mass.:Harvard University Press,1973)。43 :Markowitz, H.M. "Portfolio Selection", Journal of Finance, March1952,pp77-91。44 :Melicher, R.W.and Rush, D.F. "Systematic Risk, Financial Data, and Bond Rating Relationships in a Regulated Industry Environment", Journal of Finance(May1974) pp.537-44。45 :Melicher, R.M.,&Rush, D.F. 1973, "The performance of conglomerated firms:Recent risk and return experience", Journal of Finace ,28:pp.381-388。46 :Michael D. Joehnk & James F.Nielsen, "The effect of conglomerate merger activity on systematic risk", Journal of Financial and quantitative Analysis ,1974,3.PP.215-25。47 :Montgomery, C.A."The Measurement of Firms Diversification: Some New Empirical Evidence.", Academy of Management Journal,25(2,1982),pp.299-307。48 :Montgomery,C.A., "Diversification, Market Structure and Firm Performance: An Extension of Rumelt`s Model ",Ph.D. Dissertation, Purdue UniversitY,1979。49 :Montgomery.C.A. ,& Singh.H.1984,~Diversification strategy and systematic risk", Strategic Management Journal,5:181-191。50 :Moyer,R.C. ,and R.Chatfield, "Market Power and Systematic Risk", Journal of Economics and Business 33,no.l(1981)。51 :Palpeu, Krishna, "Diversification Strategy, Profit Performance, and the Entropy Measure.", Strategic Management Journal,6(Jul-Sep,1985),pp.235- 55。52 :Paul Marsh, "The Choice Between Equity and Debt:An Empirical Study", Journal of Finance(March 1982) pp.121-44。53 :Richerd P.Rumelt, Strategy & Structure, Boston; Harvard University press,(1974), pp.14-32。54 :Ronald W.Welicher & David F.Rush, "The Performance of coglomerate firms: recent risk and return experience", Journal of Finance,Vol.28,1973,5,pp.381-88。55 :Rubinstein, M.E."A Mean-Variance Synthesis of corporate Financial Theory", Journal of Finance(March 1973)pp.167-81。56 :Rumelt,R.P."Diversification Strategy and Profitability", Strategic Management Journal,3 (1982), pp .359-69。57 :Rumelt,R.P. Strategy, Structure, and Economic Performance, Boston, Harvard University Press, 1974。58 :Scherer, F.M. Industrial Market Structure and Economic Performance, Boston: Houghton-Mifflin, 1980。59 : Smith, D. B. , An Examination of the Risk Determinants of Noconvertible Cumulative Preferred Stocks, Unplished Paper, University of Eillinois, Urbana-Unampaign , May.1979。60 :Subrahamanyam, M.G. ,and S.B. Themadakis, "Systematic Risk and the Theory of the Firm", The Quarterly Journal of Economics(May 1980) ,pp.437-451。61 :Weigley, Leonard."Divisional Autonomy and Diversification", Doctoral Dissertation, Harvard Business School,1970。62 :Weston,J.E.,& Masinghka,S.K.1971,"Tests of the efficiency performance of conglomerate firms" ,Journal of Finance,26:pp.919-936。63 :Williamson, E.E. ,Markets and Hierarchies(New York: Free Press,1975)。 描述 碩士
國立政治大學
企業管理學系資料來源 http://thesis.lib.nccu.edu.tw/record/#B2002004838 資料類型 thesis dc.contributor.advisor 郭崑謨 zh_TW dc.contributor.author (Authors) 胡斌成 zh_TW dc.creator (作者) 胡斌成 zh_TW dc.date (日期) 1991 en_US dc.date (日期) 1990 en_US dc.date.accessioned 2-May-2016 16:59:05 (UTC+8) - dc.date.available 2-May-2016 16:59:05 (UTC+8) - dc.date.issued (上傳時間) 2-May-2016 16:59:05 (UTC+8) - dc.identifier (Other Identifiers) B2002004838 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/89545 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 企業管理學系 zh_TW dc.description.abstract (摘要) 究竟多角化策略與系統風險有何關係應為公司管理當局和投資人所共同關心的課題。本研究因此配合國內集團企業特殊經營方式，探討集團企業多角化策略型態和集團內部上市公司股票系統風險的關係。 zh_TW dc.description.tableofcontents 第一章 緒論第一節 研究背景與研究重要性.................... 1第二節 研究目的.................... 3第三節 研究架構.................... 4第四節 後續各章概述....................5第一章 註釋.................... 5第二章 文獻探討第一節 集團企業....................6第二節 多角化策略....................14第三節 系統風險....................23第四節 多角化策略與風險....................32第二章 註釋....................37第三章 研究設計第一節 研究假說....................47第二節 樣本選取....................48第三節 研究期間....................48第四節 實證資料來源....................50第五節 操作性定義....................51第六節 資料分析方法....................57第七節 研究限制....................59第三章 註釋....................61第四章 實證分析與研究發現第一節 集團企業多角化策略分群結果.................... 64第二節 不同多角化策略型態的集團企業其內部上市公司股票系統風險.................... 65第三節 集團企業多角化策略與內部上市公司其他財務變數.................... 71第四節 各財務變數與系統風險的關係.................... 72第五節 集團企業多角化策略與內部上市公司股票系統風險的關係.................... 77第五章 結論與建議第一節 研究結論.................... 79第二節 建議.................... 80參考文獻....................84 zh_TW dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#B2002004838 en_US dc.title (題名) 集團企業多角化策略型態對內部上市公司系統風險影響之研究 zh_TW dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) I、中文部份.1：中華徵信所，1990/1991年版，中華民國台灣地區集團企業研究，pp.31。2：丁豪威，"臺灣集團企業經營策略之研究-產業關聯分析法之應用"，政大企研所未出版碩士論文，pp.1。3：黃俊英，企業管理，正中書局，第五版，民國72年，pp.2-3。4：許士軍，台灣地區集團企業與經濟社會發展座談會記錄，見中華徵信所編，台灣區集團企業研究，65年版，pp.47。5：聯合報，民國79年12月17日，"公司法關係企業專章草案全文"。6：劉水深、郭崑謨、黃俊英、司徒達賢等著，"台灣地區關係企業之形成、營運與其影響"(上)，企銀季刊，第三卷第三期，民國70年1月，pp.24。7：李屏生著，"由政府的立場看關係企業"，現代管理月刊，民國69年2月，pp.8。8：Phlip Kolter：原著，高熊飛譯，行銷管理(華泰書局，民國71年)，第四版，pp.99。9：丁豪威，"：台灣集團企業經營策略之研究--產業關聯分析法之應用"，民國七十二年，政大企研所未出版碩士論文，pp.100。10：陳正倉，"台灣地區產業結構之研究"，企銀季刊，71年第一期，pp.91。11：張錫芳，"槓桿作用程度與股票系統風險關聯性之研究"，交大管科所未出版碩士論文，民國76年6月。12：林芳文，"公司特徵與股票系統風險之關聯性研究"，國立交通大學管科研究所未出版碩士論文，民國74年5月。13：陳隆麒譯，現代財務管理，台北：華泰書局，民國七十八年印行。14：許致中，"台灣地區企業多角化策略對績效影響之研究"，交通大學管科研究所未出版碩士論文，民國76年6月，pp.30-31。15：陳隆麒，財務管理上課義，pp.34-35。16：周文賢、葉佐端合著，多變量統計分析--SAS/STAT1ST1CS使用方法，民國78年11月，PP.55，PP.73。17：林煜宗，現代投資學一制度、理論與實證，三民書局，民國72年，pp. 289-293。18：林炯垚，財務管理一理論與實務，台北：華泰書局，民國七十九年二月印行。Ⅱ、英文部份.1 :Ailliam F. Sharpe, "A Simplified Model for Portfolio Analysis", Management Science, (Vo19, No.2, 1963), pp.277-93。2 :Alfread D.Chandler,"1ntroduction "to Strategy & Structure ,(Cambridge :M.1.T.Press,1962)quoted by Business Policy & Strategy Concepts & Readings, Mccarthy et.el.ed., (Homewood:R.D.Irwin, 1975)pp.374。3 :Amihud,Yakov,and B.Lev, "Risk Reduction As a Managerial Motive for Conglomerate Mergers", Bell Journal of Economics 12,no.2(1981),pp.605-617。4 :Amit,R. ,and J.Livnat,"Diversification and the Risk-Return Tradeoff",Academy of Management Journal 31,no.l(1988a)。 --------, "Diversification Strategies: Business Cycle and Economic Performance", Strategic Management Journal 9,no.2(1988b)。5 :Amit,R. ,and J. Livnat, "Diversification, Capital Structure, and Systematic Risk: An Empirical Investigation", Journal of Accounting, Auditing & Finance,Vol.3(Winter. 1988),pp.19-43。6 :Barton,S.L.1988,"Diversification strategy and systematic risk: another look", Academy of Management Journal.1988.Vol.31,No.l,166-175。7 : Barton. S. L .1985, "The corporate strategy-capital structure relationship in the large firm", Unplished doctoral dissertation, Indiana University, Bloomington。8 :Beaver W.H., Kettler, P. , and Scholes, M. "The Association Between Market-Determined and Accounting-Determined Risk Measures", The Accounting Review (Oct.1970)pp.654-82。9 :Ben-Zon, V. and Shalit, S.S. "Size Leverage, and Dividend Recordas Determinants of Equity Risk", Journal of Finance(Sep.1975)pp.l015-1026。10 :Bettis.R.A.1981, "Performance difference in related and unrelated diversified firms", Strategic Management Journal, 2: pp.379-93。11 :Bettis,R.A.,and Hall,W.K., "Diversification Strategies,Accounting Determinted Risk", Management Journal,25(2,1982) ,pp.254-64。12 :Bildersee J.S."The Association Betweena Market Determined Measure of risk and Alternative Measures of Risk", The Accounting Review(Jan.1975)pp.81-98。13 :Black, F. and M. Scholes, "The Pricing of , Options and Corporate Liabilities", Journal of Political Economy(May-June 1973)pp.637-40。14 :Bowman, R.G."Theoretical Relationship Between Systematic Riskand Financial Variables", Journal of Finance, June 1979, pp.617-30。15 :Bowman,R.G., "The Importance of a Market-Value Measurment of Debt in Assessing Leverage", Journal of Accounting Research(Spring 1980b) ,pp.515-39。16 :Chandler.Alfred D, Jr.,Strategy and Structure , M. I . T . Press` Cambridge , Massachusetts, 1962。17 :Christensen. H.K .. & Montgomery ,C.A.1981.,"Corporate economic performance: Diversification strategy versus market structure", Strategic Management Journal ,2 : 327-343。18 :Coase,R.H., "The Value of the Firm", Economics, 4 (1937),pp.331-351。19 :Conine, Thomas E.Jr., "On the Theoretical Relationship Between Business Risk and Systematic Risk", Journal of Business Finance & Accounting(1982), pp.199-205。20 :D.L.Beattie,"Conglomerate diversification and performance: a survey and time series analysis", Applied Economics,1980,12 pp.251-73。21 :Ferri, M.G., and W.H. Jones, "Determinant of Financial Structure: A New Method Logical Approach", Journal of Finance(June 1979)pp.631-44。22 :Gahlon, James M.and Roger D. Storer. "Diversification, Financial Leverage, and Conglomerate for Sysmetaic Risk ", Journal of Financial and Quantitative Analysis, Dec.1979, pp.999-1013。23 :Gershon N.Mandelker and S.Ghon Rhee, "The Impact of Degrees of Operating and Financial Leverage on Systematic Risk of Common Stocks", Journal of Financial and Quantitative Analysis (March 1984), pp.45-57。24 :Gort,M. ,Diversification and Integration in American Industry, (Princeton, N.J. :Princeton University Press, 1962)。25 : Gupta Manak C., "The Effect of Size, Growth and Industry on The Finance Structure of Manufacturing Companies", Journal of Finance 24(January 1969)。26 :Hamada, R.S."Porfolio Analysis` Market Equilibrium and Corporate Finance", Journal of Finance(Mar.1969)。27 :Hamada, R.S., "The Effect of the Firm`s Capital structure on the Systematic Risk of Common Stocks.", Journal of Finance(May 1972), pp.435-52。28 :Higgins,R.C., and L.D.Schall ,"Corporate Bankruptcy and Conglomerate Merger", Journal of Finance 30 (March 1975)lPp.93-114。29 :Hill, Ned C. and Bernell K.Stone ."Accounting Bet as, Systematic Operating Risk , and Financial Leverage: A Risk Composition Approach to the Determinants of Systematic Risks", Journal of Fincial and Quantitative Analysis, Sep.1980, pp. 595-637。30 :James M.Gahlon and James A.Gentry , "On the Relationship Between Systematic Risk and the Degree of Operating and Financial Leverage ", Financial Management, Vol11, (Summmer1982):pp.15-23。31 :James M.Gahlon & Roger D.Stover, "Diversification, Financial Leverage and Conglomerate Systematic Risk", Journal of Financial and Quantitative Analysis,Vol.14,No.5, 1979, 12 pp.999-1013。32 :Jeffery Pfeffer and Gerald R. Salancik, The External Control of Organization: A Resource Dependence Perspective, (New York: Harper and Raw Publication Inc., 1978) ,p.113-4。33 :Joehnk,M.D. ,& Nielsen,J.F.1972,"The effects of conglomerate merger activity on systematic risk", Journal of Financial and Quantitative Analysis ,9:pp.215-230。34 :Jon Didrichsen, "The Development of Diversified and Conglomerate Firms in the United States, 1920-1970", Business History Review,Vol.46,Summer 1972,pp.206。35 :Jorome B.Cohn,Edward D.Zinbarg & Authur Zeikel ,Investment Analysis& Portfolio Management ,Irwin Inc.,pp.765-768。36 :Kim. W.S. and E.H. Sorensen, "Evidence on the Impact of the Agency Costs of Debt on Corporate Debt Policy", Journal of Financial and Quantitative Analysis(June 19S6),pp.131-144。37 :Lev, B."On the Association Between Operation Leverage and Risk", Journal of Financial and Quantitative Analysis (Sept.1974)pp.627-41。38 :Levy,H. ,and M.Sarnat, "Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate Mergers", Journal of Finance (September1970), pp.627-642。39 :Lewellen,W.G., "A Pure Financial Rationale For Conglomerate Mergers", Journal of Finance 26(May1971),pp.521-37。40 :Logue. D.E.& Merville. L.J.1972, "Financial policy and market expectations", Financial Management, 1(2):pp.37-44。41 :Lubatkin. M..&O’Neill. H.1987, "Merger strategies and capital market risk", Academy of Management Journal, 30:665-684。42 :Markham, J. M., Conglomerate Enterprise and Econmic Performance (Cambridge,Mass.:Harvard University Press,1973)。43 :Markowitz, H.M. "Portfolio Selection", Journal of Finance, March1952,pp77-91。44 :Melicher, R.W.and Rush, D.F. "Systematic Risk, Financial Data, and Bond Rating Relationships in a Regulated Industry Environment", Journal of Finance(May1974) pp.537-44。45 :Melicher, R.M.,&Rush, D.F. 1973, "The performance of conglomerated firms:Recent risk and return experience", Journal of Finace ,28:pp.381-388。46 :Michael D. Joehnk & James F.Nielsen, "The effect of conglomerate merger activity on systematic risk", Journal of Financial and quantitative Analysis ,1974,3.PP.215-25。47 :Montgomery, C.A."The Measurement of Firms Diversification: Some New Empirical Evidence.", Academy of Management Journal,25(2,1982),pp.299-307。48 :Montgomery,C.A., "Diversification, Market Structure and Firm Performance: An Extension of Rumelt`s Model ",Ph.D. Dissertation, Purdue UniversitY,1979。49 :Montgomery.C.A. ,& Singh.H.1984,~Diversification strategy and systematic risk", Strategic Management Journal,5:181-191。50 :Moyer,R.C. ,and R.Chatfield, "Market Power and Systematic Risk", Journal of Economics and Business 33,no.l(1981)。51 :Palpeu, Krishna, "Diversification Strategy, Profit Performance, and the Entropy Measure.", Strategic Management Journal,6(Jul-Sep,1985),pp.235- 55。52 :Paul Marsh, "The Choice Between Equity and Debt:An Empirical Study", Journal of Finance(March 1982) pp.121-44。53 :Richerd P.Rumelt, Strategy & Structure, Boston; Harvard University press,(1974), pp.14-32。54 :Ronald W.Welicher & David F.Rush, "The Performance of coglomerate firms: recent risk and return experience", Journal of Finance,Vol.28,1973,5,pp.381-88。55 :Rubinstein, M.E."A Mean-Variance Synthesis of corporate Financial Theory", Journal of Finance(March 1973)pp.167-81。56 :Rumelt,R.P."Diversification Strategy and Profitability", Strategic Management Journal,3 (1982), pp .359-69。57 :Rumelt,R.P. Strategy, Structure, and Economic Performance, Boston, Harvard University Press, 1974。58 :Scherer, F.M. Industrial Market Structure and Economic Performance, Boston: Houghton-Mifflin, 1980。59 : Smith, D. B. , An Examination of the Risk Determinants of Noconvertible Cumulative Preferred Stocks, Unplished Paper, University of Eillinois, Urbana-Unampaign , May.1979。60 :Subrahamanyam, M.G. ,and S.B. Themadakis, "Systematic Risk and the Theory of the Firm", The Quarterly Journal of Economics(May 1980) ,pp.437-451。61 :Weigley, Leonard."Divisional Autonomy and Diversification", Doctoral Dissertation, Harvard Business School,1970。62 :Weston,J.E.,& Masinghka,S.K.1971,"Tests of the efficiency performance of conglomerate firms" ,Journal of Finance,26:pp.919-936。63 :Williamson, E.E. ,Markets and Hierarchies(New York: Free Press,1975)。 zh_TW
