輔仁大學九十九學年度管理學研究所
投資管理專題
課程綱要
開課教授：許培基教授/吳桂燕副教授/邱琦倫助理教授/江淑貞助理教授
週
課 程 內 容
上課老師
02/25
Introduction
03/04
效率市場
吳桂燕老師
03/11
財務報表訊息與股價的關聯性
吳桂燕老師
03/18
投資策略
吳桂燕老師
03/25
機構法人的投資
吳桂燕老師
04/01
發行市場之介紹—ch9 股票的發行市場
公司為何上市(PPT) 承銷方式之介紹 (PPT)
江淑貞老師
承銷方式最新改革(PPT)
承銷方式之相關研究
04/08
江淑貞老師
--The bookbuilding puzzle(PPT)
--Why do auctions fail?
--Auctions vs. Bookbuilding and the Control of Underpricing in Hot IPO Markets.
04/15
公司治理專題：理論與實例(2PPT)
江淑貞老師
行為財務專題(基本介紹 2PPT)
04/22
IPO 與行為財務相關文獻討論
江淑貞老師
--Why Don’t Issuers Get Upset about Leaving Money on the Table in IPOs?
--IPO Pricing in “Hot” Market Conditions：Who Leaves Money on the Table.
Dividend Policy

Benartzi, Shlomo, Roni Michaely, Richard Thaler, 1997, Do changes in dividends
signal the future or the past? Journal of Finance 52, 1007-1034.
04/29 
Nissim, Doron, and Amir Ziv, 2001, Dividend changes and future profitability,
Journal of Finance 2001, 2111-2133.

Grullon, Gustavo, Roni Michaely, and Bhaskaran Swaminathan, 2002, Are
dividend changes a sign of firm maturity? Journal of Business 75, 387-424.
邱琦倫老師
Dividend Policy

05/06

Brav, Alon, John Graham, Campbell Harvey, and Roni Michaely, 2004, Payout
policy in the 21st century, working paper.
邱琦倫老師
Aivazian, Varouj, Laurence Booth, and Sean Cleary, 2006, Dividend smoothing
and Debt ratings, Journal of Financial and Quantitative Analysis 41, 439-454.
Corporate Bond Yield

05/13

Collin-Dufresne, Pierre, Robert Goldstein, and Spencer Martin, 2001, The
determinants of credit spread changes, Journal of Finance 56, 2177-2207.
Campbell, John, and Glen Taksler, 2003, Equity volatility and corporate bond
yields, Journal of Finance 58, 2321-2349.
1
邱琦倫老師
Corporate Bond Yield

Klock, Mark, Sattar Mansi, and William Maxwell, 2005, Dose corporate
governance matter to bondholders? Journal of Financial and Quantitative
Analysis 40, 693-719.
邱琦倫老師
05/20

Ortiz-Molina, Hernan, 2006, Top management incentives and the pricing of
corporate public debt, Journal of Financial and Quantitative Analysis 41,
317-341.
Factor-Based versus Characteristic-Based Models
1.
Fama, E. F. and D. R. French, 1992, "The Cross-Section of Expected Stock
許培基老師
Returns", Journal of Finance, 427-465
05/27
2.
Fama, E. F. and K. R. French, 1993, "Common Risk Factors in the Returns on
Stocks and Bonds", Journal of Financial Economics 33, 3-56
3.
Carhart, M. K., 1997, "On Persistence in Mutual Fund Performance", Journal of
Finance, 57-82
06/03
4.
Wermers, R., 2000, "Mutual Fund Performance: An Empirical Decomposition into
許培基老師
Stock-Picking Talent, Style, Transactions Costs, and Expenses", Journal of
Finance, 1655-1695
Behavioral Finance
1.
06/10
Odean, T., 1998, "Are Investors Reluctant to Realize Their Losses?", 1775-1798
2. Barber, B. M., and T. Odean, 2000, "Trading is Hazardous to Your Wealth: The 許培基老師
Common Stock Investment Performance of Individual Investors", Journal of
Finance, 773-806
3.
Barber, B. M., and T. Odean, 2001,"Boys Will Be Boys: Gender, Overconfidence,
and Common Stock Investment", The Quarterly Journal of Economics, 261-292
06/17
4. Barber, B. M., T. Odean, and M. Strahilevitz, 2004, “Once Burned, Twice Shy: 許培基老師
Naïve Learning, Counterfactuals, and the Repurchase of Stock Previously Sold,
SSRN working paper
2