〔1〕中華徵信所企業公司，臺灣地區集團企業研究Business groups in Taiwan.，2006年版，2005。
〔3〕俞海琴，陳慧娟，「我國上市公司成長, 槓桿與托賓 Q 關聯之研究」， Journal of Risk Management，1(1)，81-101頁，1999。
〔6〕 賴柏錚，「不同型態法人說明會資訊內涵之差異及法人說明會之資訊公平性研究」， 國立台北大學，碩士論文，2003。
〔1〕Ağca, Ş. and A. Mozumdar, "The impact of capital market imperfections on investment–cash flow sensitivity", Journal of Banking & Finance, Vol 32, pp. 207-216, 2008.
〔2〕Ascioglu, A., S. P. Hegde and J. B. McDermott, "Information asymmetry and investment–cash flow sensitivity", Journal of Banking & Finance, Vol 32, pp. 1036-1048, 2008.
〔3〕Ball, R. and P. Brown, "An empirical evaluation of accounting income numbers", Journal of Accounting Research, pp. 159-178, 1968.
〔4〕Bowen, R. M., A. K. Davis and D. A. Matsumoto, "Do conference calls affect analysts’ forecasts?", The Accounting Review, Vol 77, pp. 285-316, 2002.
〔5〕Brown, S., S. A. Hillegeist and K. Lo, "Conference calls and information asymmetry", Journal of Accounting and Economics, Vol 37, pp.343-366, 2004.
〔6〕Bushee, B. J., D. A. Matsumoto and G. S. Miller, "Open versus closed conference calls: the determinants and effects of broadening access to disclosure", Journal of Accounting and Economics, Vol 34, pp.149-180, 2003.
〔7〕Bushman, R., A. Smith and F. Zhang, "Investment-cash flow sensitivities are really capital investment-working capital investment sensitivities", Working paper, 2005.
〔8〕Chambers, A. E. and S. H. Penman, "Timeliness of reporting and the stock price reaction to earnings announcements", Journal of Accounting Research, Vol 22, pp. 21-47, 1984.
〔9〕Chan Kim, W., P. Hwang and W. P. Burgers, "Global diversification strategy and corporate profit performance", Strategic management journal, Vol 10, pp. 45-57, 1989.
〔10〕Cleary, S., "The relationship between firm investment and financial status", The Journal of Finance, Vol 54, pp.673-692, 1999.
〔11〕 Doran, J. S., D. R. Peterson and S. M. Price, "Earnings conference call content and stock price: The case of REITs", The Journal of Real Estate Finance and Economics, Vol 45, pp. 402-434, 2012.
〔12〕Dutta, S., Family business in India, Response Books New Delhi, 1997.
〔13〕Fazzari, S., R. G. Hubbard and B. C. Petersen, Financing constraints and corporate investment, National Bureau of Economic Research Cambridge, Mass., USA., 1988.
〔14〕Foster, G., "Stock market reaction to estimates of earnings per share by company officials", Journal of Accounting Research, pp. 25-37, 1973.
〔15〕Frankel, R., M. Johnson and D. J. Skinner, "An empirical examination of conference calls as a voluntary disclosure medium", Journal of Accounting Research, Vol 37, pp. 133-150, 1999.
〔16〕Ghatak, M. and R. Kali, "Financially Interlinked Business Groups", Journal of Economics & Management Strategy, Vol 10, pp. 591-619, 2001.
〔17〕Givoly, D. and D. Palmon, "Timeliness of annual earnings announcements: Some empirical evidence", Accounting Review, pp. 486-508, 1982.
〔18〕Greenwald, B., J. E. Stiglitz and A. Weiss, "Informational imperfections in the capital market and macroeconomic fluctuations", The American economic review, Vol 74, pp. 194-199, 1984.
〔19〕Hovakimian, G., "Determinants of investment cash flow sensitivity", Financial Management, Vol 38, pp. 161-183, 2009.
〔20〕Jennings, R., "Unsystematic security price movements, management earnings forecasts, and revisions in consensus analyst earnings forecasts", Journal of Accounting Research, Vol 25, pp. 90-110, 1987.
〔21〕Jensen, M., "Agency cost of free cash flow, corporate finance, and takeovers", Corporate Finance, and Takeovers. American Economic Review, Vol 76, 1986.
〔22〕Kimbrough, M. D., "The effect of conference calls on analyst and market underreaction to earnings announcements", The Accounting Review, Vol 80, pp.189-219, 2005.
〔23〕Kimbrough, M. D. and H. Louis, "Voluntary disclosure to influence investor reactions to merger announcements: an examination of conference calls", The Accounting Review, Vol 86, pp. 637-667, 2011.
〔24〕Kross, W. and D. A. Schroeder, An empirical investigation of the effect of earnings announcement timing on stock returns, Institute for Research in the Behavioral, Economic, and Management Sciences, Krannert Graduate School of Management, Purdue University, 1982.
〔25〕Kross, W. and D. A. Schroeder, "An empirical investigation of the effect of quarterly earnings announcement timing on stock returns", Journal of Accounting Research, Vol 22, pp. 153-176, 1984.
〔26〕Lang, M. H. and R. J. Lundholm, "Corporate disclosure policy and analyst behavior", Accounting Review, pp. 467-492, 1996.
〔27〕Lensink, R., R. Van der Molen and S. Gangopadhyay, "Business groups, financing constraints and investment: The case of India", The Journal of Development Studies, Vol 40, pp. 93-119, 2003.
〔28〕Lev, B. and P. Zarowin, "The boundaries of financial reporting and how to extend them", Journal of Accounting Research, Vol 37, pp. 353-385, 1999.
〔29〕Luo, Q. and T. Hachiya, "Corporate governance, cash holdings, and firm value: Evidence from Japan", Review of Pacific Basin Financial Markets and Policies, Vol 8, pp. 613-636, 2005.
〔30〕Mak, Y. T. and Y. Kusnadi, "Size really matters: further evidence on the negative relationship between board size and firm value", Pacific-Basin Finance Journal, Vol 13, pp. 301-318, 2005.
〔31〕Mayew, W. J., "Evidence of management discrimination among analysts during earnings conference calls", Journal of Accounting Research, Vol 46, pp. 627-659, 2008.
〔32〕Modigliani, F. and M. H. Miller, "The cost of capital, corporation finance and the theory of investment", The American economic review, Vol 48, pp. 261-297, 1958.
〔33〕Morck, R., A. Shleifer and R. W. Vishny, "Management ownership and market valuation: An empirical analysis", Journal of financial economics, Vol 20, pp. 293-315, 1988.
〔34〕Myers, S. C. and N. S. Majluf, "Corporate financing and investment decisions when firms have information that investors do not have", Journal of financial economics, Vol 13, pp. 187-221, 1984.
〔35〕National Investor Relations Institute, N., "Survey of corporate disclosure practices among U.S. companies", 1998.
〔36〕Olsen, C. and J. R. Dietrich, "Vertical information transfers: The association between retailers’ sales announcements and suppliers’ security returns", Journal of Accounting Research, Vol 23, pp. 144-166, 1985.
〔37〕Pandit, S., C. E. Wasley and T. Zach, "Information externalities in capital markets: The economic determinants of suppliers’ stock price reaction to their major customers’ information events", Contemporary Accounting Research, Vol 28, pp. 1304-1343, 2011.
〔38〕Pawlina, G. and L. Renneboog, "Is Investment‐Cash Flow Sensitivity Caused by Agency Costs or Asymmetric Information? Evidence from the UK", European Financial Management, Vol 11, pp. 483-513, 2005.
〔39〕Rajan, R. G. and L. Zingales, "What do we know about capital structure? Some evidence from international data", The Journal of Finance, Vol 50, pp. 1421-1460, 1995.
〔40〕Tasker, S. C., "Bridging the information gap: Quarterly conference calls as a medium for voluntary disclosure", Review of Accounting Studies, Vol 3, pp. 137-167, 1998.
〔41〕Thomas, A. and G. Williams, "A strategy to provide retirement benefits for international transferees in a global company", Benefits and Compensation International, Vol 21, pp. 2-7, 1991.
〔42〕Waymire, G., "Additional evidence on the accuracy of analyst forecasts before and after voluntary management earnings forecasts", Accounting Review, pp. 129-142, 1986.