참고문헌
- Adler, B.E. (1993). Financial and political theories of American corporate bankruptcy. Stanford Law Review, 311-346.
- Adnan, A.T.M., Hossain, A., Adnan, A., & Hossain, A. (2016). Impact of M&A announcement on acquiring and target firm's stock price: An event analysis approach. International Journal of Finance and Accounting, 5(5), 228-232.
- Akintoye, A., Beck, M., & Hardcastle, C. (Eds.). (2008). Public-private partnerships: managing risks and opportunities. John Wiley & Sons.
- Aziz, S., Lilti, J., & Elbadraoui, K. (2016). Tracing the M&A footprints in bailouts and credit ratings of European banks during the 2008 financial crisis. Available at SSRN 2748576.
- Battiston, S., Gatti, D.D., Gallegati, M., Greenwald, B., & Stiglitz, J.E. (2012). Default cascades: When does risk diversification increase stability? Journal of Financial Stability, 8(3), 138-149. https://doi.org/10.1016/j.jfs.2012.01.002
- Bain, J.S. (1956). Barriers to new competition. (Vol. 329). Cambridge, MA: Harvard University Press.
- Berkovitch, E., Israel, R., & Zender, J.F. (1998). The design of bankruptcy law: A case for management bias in bankruptcy reorganizations. Journal of Financial and Quantitative Analysis, 33(4), 441-464. https://doi.org/10.2307/2331127
- Black, B.S. (1988). Bidder overpayment in takeovers. Stanford Law Review, 41, 597. https://doi.org/10.2307/1228881
- Chan, A.P., Scott, D., & Lam, E.W. (2002). Framework of success criteria for design/build projects. Journal of Management in Engineering, 18(3), 120-128. https://doi.org/10.1061/(ASCE)0742-597X(2002)18:3(120)
- Damgaard, J., Elkjaer, T., & Johannesen, N. (2019). Phantom investments. Finance & Development.
- Dohrenwend, B.P. (1959). Egoism, altruism, anomie, and fatalism: A conceptual analysis of Durkheim's types. American sociological review, 466-473.
- Finkelstein, S. & Hambrick, D. (1996). Strategic leadership. St. Paul: West Educational Publishing.
- Finkelstein, S., Hambrick, D., & Cannella, A.A. (2009). Strategic leadership: Theory and research on executives, top management teams, and boards. Strategic Management, Oxford University Press, USA.
- Goodpaster, K.E. (1991). Business ethics and stakeholder analysis. Business Ethics Quarterly, 53-73.
- Gray, H., Besosa, R., & Wimmer, L. (2015). Failed integrations are the seed bed for turnaround work: The pitfalls of corporate M&A strategy. The Journal of Private Equity, 18(3), 19-20. https://doi.org/10.3905/jpe.2015.18.3.019
- Hackney, W.P., & Benson, T.G. (1981). Shareholder liability for inadequate capital. University of Pittsburgh Law Review, 43, 837.
- Hongjiang, L.I.U. (2015). The innovation incentives of firms in M&A activity - based on the empirical study of listed firm M&A cases. Science and Technology Management Research, 2015(15), 4.
- Ireland, R.D. & Hitt, M.A. (1999). Achieving and maintaining strategic competitiveness in the 21st century: The role of strategic leadership. Academy of Management Perspectives, 13(1), 43-57. https://doi.org/10.5465/AME.1999.1567311
- Jagtiani, J.A., Lemieux, C.M., & Shin, G.H. (2000). Predicting inadequate capitalization: Early warning system for bank supervision. Chicago, IL: Federal Reserve Bank of Chicago.
- Khoo, J., Durand, R.B., & Rath, S. (2017). Leverage adjustment after mergers and acquisitions. Accounting & Finance, 57, 185-210. https://doi.org/10.1111/acfi.12148
- Klomp, J. (2014). Financial fragility and natural disasters: An empirical analysis. Journal of Financial Stability, 13, 180-192. https://doi.org/10.1016/j.jfs.2014.06.001
- Kotter, J.P. (2008). Corporate culture and performance. Simon and Schuster.
- Ku, S.W. (2014). Consulting for establishing management succession plan from military lessons. Journal of Management Consulting, 14(2), 359-377.
- Kucseber, L.Z. (2016). Before and after acquisition in Hungary: Focus on working capital management. Financial and Economic Review, 15(1), 70-90.
- Li, X. & Wang, S. (2016). Investigation of the Relationship between M&A and Corporate Hedge.
- Ling, F.Y.Y., Chan, S.L., Chong, E., & Ee, L.P. (2004). Predicting performance of design-build and design-bidbuild projects. Journal of Construction Engineering and Management, 130(1), 75-83. https://doi.org/10.1061/(ASCE)0733-9364(2004)130:1(75)
- Longstaff, F.A. (2009). Portfolio claustrophobia: Asset pricing in markets with illiquid assets. American Economic Review, 99(4), 1119-44. https://doi.org/10.1257/aer.99.4.1119
- Maupin, R.J. (1987). Financial and stock market variables as predictors of management buyouts. Strategic Management Journal, 8(4), 319-327. https://doi.org/10.1002/smj.4250080403
- McDowell, W.C., Harris, M.L., & Geho, P.R. (2016). Longevity in small business: The effect of maturity on strategic focus and business performance. Journal of Business Research, 69(5), 1904-1908. https://doi.org/10.1016/j.jbusres.2015.10.077
- Moeller, S.B., Schlingemann, F.P., & Stulz, R.M. (2004). Firm size and the gains from acquisitions. Journal of Financial Economics, 73(2), 201-228. https://doi.org/10.1016/j.jfineco.2003.07.002
- Olante, M.E. (2013). Overpaid acquisitions and goodwill impairment losses-Evidence from the US. Advances in Accounting, 29(2), 243-254. https://doi.org/10.1016/j.adiac.2013.09.010
- Osborne, S. (2002). Public-Private Partnerships: Theory and practice in international perspective. Routledge.
- Ostrom, E. (2009). A general framework for analyzing sustainability of social-ecological systems. Science, 325(5939), 419-422. https://doi.org/10.1126/science.1172133
- Pena-Mora, F. & Li, M. (2001). Dynamic planning and control methodology for design/build fast-track construction projects. Journal of Construction Engineering and Management, 127(1), 1-17. https://doi.org/10.1061/(ASCE)0733-9364(2001)127:1(1)
- Rehman, A.U., Wang, M., & Kabiraj, S. (2017). Working capital management in Chinese firms: An empirical investigation of determinants and adjustment towards a target level using dynamic panel data model. Afro-Asian Journal of Finance and Accounting, 7(1), 84-105.
- Ropke, W. (2014). A humane economy: the social framework of the free market. Open Road Media.
- Rothwell, W.J. (2010). Effective succession planning: Ensuring leadership continuity and building talent from within. Amacom.
- Sainani, S. & Chris F. (2017). How Do CFOs Matter? Evidence from M&A.
- Salvi, A., Petruzzella, F., & Giakoumelou, A. (2018). Green M&A deals and bidders' value creation: The role of sustainability in post-acquisition performance. International Business Research, 11(7), 96. https://doi.org/10.5539/ibr.v11n7p96
- Spence, A.M. (1981). The learning curve and competition. The Bell Journal of Economics, 49-70. https://doi.org/10.2307/3003508
- Sturkenboom, J., Van Der Wiele, T., & Brown, A. (2001). An action-oriented approach to quality management selfassessment in small and medium-sized enterprises. Total Quality Management, 12(2), 231-246. https://doi.org/10.1080/09544120120011451
- Tao, Q., Sun, W., Zhu, Y., & Zhang, T. (2017). Do firms have leverage targets? New evidence from mergers and acquisitions in China. The North American Journal of Economics and Finance, 40, 41-54. https://doi.org/10.1016/j.najef.2017.01.004
- Trueman, B. (1986). The relationship between the level of capital expenditures and firm value. Journal of Financial and Quantitative Analysis, 21(2), 115-129. https://doi.org/10.2307/2330732
- Vera, D. & Crossan, M. (2004). Strategic leadership and organizational learning. Academy of Management Review, 29(2), 222-240. https://doi.org/10.2307/20159030
- Volberda, H.W. (1996). Toward the flexible form: How to remain vital in hypercompetitive environments. Organization Science, 7(4), 359-374. https://doi.org/10.1287/orsc.7.4.359
- Weinstein, I. (1984). The future of the MIO in a price-competitive, price-driven market. Topics in Health Care Financing, 11(2), 84-92.
- Seal, W. (2001). Management accounting and the challenge of strategic focus. Management Accounting Research, 12(4), 487-506. https://doi.org/10.1006/mare.2001.0167
- Yelle, L.E. (1979). The learning curve: Historical review and comprehensive survey. Decision Sciences, 10(2), 302-328. https://doi.org/10.1111/j.1540-5915.1979.tb00026.x
- Zhao, K. (2017). Executive Compensation and Acquisition Decisions: Revisiting the Impact of CEO Equity Incentives on M&A.
- Zou, Q., Hu, Y., & Huang, J.S. (2015). Definition of complex Hurst and fractional analysis for stock market fluctuation. Industrial Engineering, Management Science and Applications, Springer, Berlin, Heidelberg, 215-227.