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1、HANDBOOKOFCORPORATEFINANCE:EMPIRICALCORPORATEFINANCEVOLUME1HANDBOOKSINFINANCESeriesEditorWILLIAMT.ZIEMBAAdvisoryEditorsKENNETHJ.ARROWGEORGEC.CONSTANTINIDESHARRYM.MARKOWITZROBERTC.MERTONSTEWARTC.MYERSPAULA.SAMUELSONWILLIAMF.SHARPEAmsterdam•Boston•Heidel
2、berg•London•NewYork•OxfordParis•SanDiego•SanFrancisco•Singapore•Sydney•TokyoNorth-HollandisanimprintofElsevierHANDBOOKOFCORPORATEFINANCEEMPIRICALCORPORATEFINANCEVOLUME1EditedbyB.ESPENECKBOTuckSchoolofBusinessDartmouthCollegeHanover,NewHampshire,U.S.A.A
3、msterdam•Boston•Heidelberg•London•NewYork•OxfordParis•SanDiego•SanFrancisco•Singapore•Sydney•TokyoNorth-HollandisanimprintofElsevierNorth-HollandisanimprintofElsevierRadarweg29,POBox211,1000AEAmsterdam,TheNetherlandsTheBoulevard,LangfordLane,Kidlington
4、,OxfordOX51GB,UKFirstedition2007Copyright©2007ElsevierB.V.AllrightsreservedNopartofthispublicationmaybereproduced,storedinaretrievalsystemortransmittedinanyformorbyanymeanselectronic,mechanical,photocopying,recordingorotherwisewithoutthepriorwrittenper
5、missionofthepublisherPermissionsmaybesoughtdirectlyfromElseviersScience&TechnologyRightsDepartmentinOxford,UK:phone(+44)(0)1865843830;fax(+44)(0)1865853333;email:permissions@elsevier.com.AlternativelyyoucansubmityourrequestonlinebyvisitingtheElsevierwe
6、bsiteathttp://elsevier.com/locate/permissions,andselectingObtainingpermissiontouseElseviermaterialNoticeNoresponsibilityisassumedbythepublisherforanyinjuryand/ordamagetopersonsorpropertyasamatterofproductsliability,negligenceorotherwise,orfromanyuseoro
7、perationofanymethods,products,instructionsorideascontainedinthematerialherein.Becauseofrapidadvancesinthemedicalsciences,inparticular,independentverificationofdiagnosesanddrugdosagesshouldbemadeLibraryofCongressCataloging-in-PublicationDataAcatalogrecor
8、dforthisbookisavailablefromtheLibraryofCongressBritishLibraryCataloguinginPublicationDataAcataloguerecordforthisbookisavailablefromtheBritishLibraryISBN-13:978-0-444-50898-0ISBN-10:0-444-50898-8ISSN:1873-1503ForinformationonallNorth-Hol