Page 109 - Demo

%u6dfa%u8ac7%u8ca1%u52d9%u5b78%u8853%u671f%u520a%u767c%u8868%u653b%u7565107%u4e0b%u671f%u520a%u7684%u767c%u8868%uff1aJournal of Economic Behavior & Organization%uff08Fang, Hasan, Lin, & Sun, 2022%uff09%u3001Journal of Empirical Finance%uff08Bui, Hasan, Lin, & Zhai, 2022%uff09%u3001Journal of Banking and Finance%uff08Bui, Hasan, Lin, & Thoa, 2023%uff09%u3001Journal of Business Finance and Accounting%uff08Chen, Chou, Lin, & Lu, 2024%uff09%u3001Journal of Corporate Finance%uff08Chan, Lin, & Lin, 2025%uff09%u3002%u5982%u679c%u6c92%u6709%u6d77%u5916%u570b%u969b%u5b78%u8005%u7684%u6307%u5c0e%u8207%u5efa%u8b70%uff0c%u9019%u4e9b%u6587%u7ae0%u7686%u4e0d%u53ef%u80fd%u6210%u529f%u767c%u8868%u3002%u6b64%u5916%uff0c%u6211%u5728%u5b78%u8853%u767c%u8868%u4e0a%u9084%u6709%u5e7e%u500b%u5176%u4ed6%u7b56%u7565%u5efa%u8b70%uff1a1. %u6295%u7a3f%u570b%u969b%u8207%u570b%u5167%u9ad8%u54c1%u8cea%u7814%u8a0e%u6703%u85c9%u7531%u53c3%u52a0%u570b%u969b%u8207%u570b%u5167%u9ad8%u54c1%u8cea%u7814%u8a0e%u6703%uff0c%u6536%u96c6%u4e0d%u540c%u8a55%u8ad6%u4eba%u7684%u5efa%u8b70%u8207%u610f%u898b%uff0c%u5f37%u5316%u6587%u7ae0%u7684%u52d5%u6a5f%u8207%u8ca2%u737b%uff0c%u66f4%u53ef%u907f%u514d%u6587%u7ae0%u5b58%u5728%u81f4%u547d%u7684%u62d2%u7d55%u7406%u7531%u3002%u5176%u4e2d%u6210%u529f%u7684%u4f8b%u5b50%u70ba%u7b46%u8005%u5728%u4ee5%u4e0b%u671f%u520a%u7684%u767c%u8868%uff1aJournal of Corporate Finance%uff08Lin, Chen, Ho, & Yen, 2020%uff09%u3001Journal of International Money and Finance%uff08Huang, Bui, Hsu, & Lin, 2024%uff09%u3001Journal of Empirical Finance%uff08Bui, Chou, Lin, & Lu, 2025%uff09%u30022. %u5718%u968a%u5408%u4f5c%u6bcf%u4f4d%u5b78%u8005%u90fd%u6709%u4ed6%u81ea%u5df1%u7684%u5c08%u9577%u8207%u512a%u52e2%uff0c%u56e0%u6b64%u591a%u7d44%u7814%u7a76%u5718%u968a%uff0c%u53ef%u4ee5%u4e92%u88dc%u4e26%u4e8b%u534a%u529f%u500d%uff0c%u63d0%u5347%u5de5%u4f5c%u6548%u7387%uff0c%u6b64%u5916%u900f%u904e%u5718%u968a%u7684%u958b%u6703%u8207%u8a0e%u8ad6%u53ef%u4ee5%u7701%u4e0b%u8a31%u591a%u6d6a%u8cbb%u6642%u9593%u7684%u7814%u7a76%u5617%u8a66%u3002%u4f46%u662f%u503c%u5f97%u6ce8%u610f%u7684%u662f%u5718%u968a%u8981%u627e%u5408%u5f97%u4f86%u7684%u5b78%u8005%uff0c%u4ee5%u907f%u514d%u7cfe%u7d1b%u767c%u751f%u53cd%u800c%u50b7%u5bb3%u5de5%u4f5c%u6548%u7387%u3002%u5716%u4e8c%uff1a%u7b46%u8005%uff08%u53f3%uff09%u8207%u6797%u5247%u541b%u6559%u6388%uff08%u4e2d%uff09%u5728%u81fa%u7063%u805a%u9910%u5408%u5f71