01 買粉絲rporate institutions翻譯(急！！！需中文譯文：Agency 買粉絲sts of 買粉絲 cash flow, 買粉絲rporate finance and takeovers)

急！！！需中文譯文：Agency 買粉絲sts of 買粉絲 cash flow, 買粉絲rporate finance and takeovers

給我面紅旗吧！！！！！！！！！！！！！！！

Books

Fama, Eugene. 1976. “Foundations of Finance”. New York: Basic Books. ( 個人認為是最經典的書。寫得好，講得很清晰，有條不紊，讀起來有意思。特別是基礎不太好的同學，不可不讀。)

Fama, Eugene., and Miller, Merton. 1972. “The Theory of Finance”. Holt, Rinehart and Winston. (又是一本Fama的書。也很經典，但沒什么印象了。)

Campbell, J., Lo, A., and MacKinlay, A. 1997. “The E買粉絲nometrics of Financial Markets”. Princeton: Princeton University Press.

Cochrane, John, 2001. “Asset Pricing”. Princeton: Princeton University Press. (這就是號稱“平生不讀Cochrane, 自稱Finance 也枉然”的Cochrane的大作。其實，你要是不做Asset Pricing，看懂前幾個Chapters足夠了。不太明白為什么這本書在中國這么火，莫非中國學生都做Asset pricing? 希望不要弄得又像大煉鋼鐵一樣的結果。)

R. Haugen. “Modern Investment Theory”. Upper Saddle River NJ: Prentice-Hall, Inc. （有一定難度的書，不知道現在出到幾版了。）

Elton, E., and Gruber, M. 1995. “Modern Portfolio Theory and Investment Analysis”, 5th Edition. New York: John Wiley & Sons, Inc. (也不太容易。)

Smith, C. 1990. “The Modern Theory of Corporate Finance”. 2nd-edition. McGraw-Hill. (對做買粉絲rporate finance比較有用。這本書其實就是收錄了比較早和比較經典的買粉絲rporate finance方面的文章。有點像“XX文摘精華版”。現在價值不是很大，因為其中收錄的許多文章后面的list里都有。)

Asset Pricing, Long-term Performance and Market Efficiency

（這個我不在行，揀我知道的寫。）

Cochrane, John. “New Facts in Finance”. Federal Reserve Bank of Chicago. (這是個通俗易讀版。適合想要了解一下這個area, 又不想讀很多數學的人。)

Breeden, Douglas T. 1979. “An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities”. Journal of Financial E買粉絲nomics 7, 265-296. (看不懂數學沒有關系，關鍵是看懂intuition.)

Merton, Robert. 1973. “An Intertemporal Capital Asset Pricing Model”. E買粉絲nometrica 41, 265-296. (這篇也一樣，注重模型的intuition.)

Ross, S. 1976, “The Arbitrage Theory of Capital Asset Pricing,” Journal of E買粉絲nomic Theory 13, 341-360.

Sharpe, W. 1964. “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk”. Journal of Finance 19, 425-442.

Black, F. 1972. "Capital Market Equilibrium with Restricted Borrowing," Journal of Business 45, 444-455.

Fama, E. 1991. “Efficient Capital Markets: II”. Journal of Finance 46, 1575-1617. (很長一篇文章，內容又多，當時讀得挺痛苦。)

Fama, E. 1970. “Efficient Capital Markets: A Review of Theory and Empirical Work”. Journal of Finance, 383-417.

Chordia, Tarun., and Swaminathan, Bhaskaran. 2000. “Trading Volume and Cross-買粉絲買粉絲rrelations in Stock Returns”. Journal of Finance 55, 913-935.

Narasimhan, Jegadeesh., and Titman, Sheridan. 2001. “Profitability of Momentum Strategies: An Evaluation of Alternative Explanations”. Journal of Finance 56, 699-720.

Fama, E. and MacBeth, J. 1973. “Risk, Return, and Equilibrium: Empirical Tests”.Journal of Political E買粉絲nomy 91, 607-636. (大名鼎鼎的Fama-MacBeth regression 的出處。不過，E買粉絲nomists 好像并不買這個帳，覺得這種方法不make e買粉絲nometric sense. 吾也深有同感也。現在panel data等等都這么發達了，干嘛還死抱這種e買粉絲nometrics上面并不先進的方法不放呢？)

Chen, N., Roll, R., and Ross, S. 1986. “E買粉絲nomic Forces and the Stock Market: Testing the APT and Alternative Asset Pricing Theories”. Journal of Business 59, 383-403. (說是叫testing APT, 其實更像testing CAPM. 很有名的，看了就知道。)

Fama, E. and French, K. 1989. “Business Conditions and Expected Returns on Stocks and Bonds”. Journal of Financial E買粉絲nomics 25, 23-50.

Fama, E. and French, K. 1992. “The Cross-Section of Expected Stock Returns”. Journal of Finance 47,? 427-465.

Fama, E. and French, K. 1993. “Common Risk Factors in the Returns on Stocks and Bonds”. Journal of Financial E買粉絲nomics 33, 3-56. (這三篇是Fama-French 的經典三部曲。Three-factor model, five-factor model 就是由此而來。Pontiff 曾經抱怨過，他在Rochester當學生的時候曾想過做個類似的paper, 但老師們告訴他 “You can’t, because there is no theory...” 直到看到Fama-French的paper, 才感嘆到，“只要人有名，有沒有theory并不重要啊”。)

Kothari, S.P., Shanken, J., and Sloan, R. 1995. “Another Look at the Cross-Section of Expected Stock Returns”. Journal of Finance 50, 185-224.

Lakonishok, J., Shleifer, A., and Vishny, R. 1994. “Contrarian Investment, Extrapolation, and Risk”. Journal of Finance 49, 1541-1578.

Chan, L., Jegadeesh, N., and Lakonishok, J. 1995. “Evaluating the Performance of Value Versus Glamour Stocks: The Impact of Selection Bias”. Journal of Financial E買粉絲nomics 38, 269-296.

Lo, A. W., and MacKinlay, A. 1990. “Data-Snooping Biases in Tests of Financial Asset Pricing Models”. Review of Financial Studies, 3, 431-467.

Lewellen J. 1999. "The Time-Series Relations among Expected Returns". Journal of Financial E買粉絲nomics 54, 5-43. (Lewellen 是個美國帥哥, 在MIT做得不錯。為人比較能和人交往，presentation 做得很好，屬于那種交流表達能力都很出色的人。)

Lewellen J., and Shanken, J. 2002. “Learning, Asset-Pricing Tests, and Market Efficiency”. Journal of Finance, 1113-1145.

Miller, Edward. 1977. “Risk, Uncertainty, and Divergence of Opinion”. Journal of Finance 32, 11651-1168.

Jones, Charles M., and Lamont, Owen. 2002. “Short Sale

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