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Managerial ownership dynamics and firm value☆ [PDF]
Journal of Financial Economics, 2007 From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. We find that managers are more likely to significantly decrease their ownership when their firms are performing well and more likely to increase their ownership when their firms become financially constrained. When controlling for past
Fahlenbrach, Rüdiger, Stulz, René M.
core +8 more sources
Ownership and managerial competition: employee, customer, or outside ownership [PDF]
, 1999 This paper centres around the question of ownership of firms and managerial competition and how these affect manager and employees' incentives to invest in human capital. We argue that employee's incentives in human capital investment are affected by both ownership and competition since both ownership structure and competition provide bargaining chips ...
Xu, C, Bolton, P
openaire +6 more sources
The Moderating Effect of Environmental Dynamism on Managerial Ownership, Risk, and Performance [PDF]
Binus Business Review, 2016 The goal of this research was to examine the effect of managerial ownership and risk toward company performance with company environment as the moderating variables and the firm-size as the control variable.
Levana Dhia Prawati +1 more
doaj +3 more sources
Managerial Ownership, Entrenchment and Innovation [PDF]
SSRN Electronic Journal, 2011 Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying higher remuneration, power and prestige.
Köhler, Mila +2 more
openaire +8 more sources
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PRAKTIK PERATAAN LABA (Studi Empiris Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2006-2010) [PDF]
Jurnal Akuntansi dan Auditing, 2011 This study aims to analyse and examine empirically the factors that affect income smoothingpractice among manufacturing companies listed on the Indonesia Stock Exchange.
Sindi Retno Noviana +1 more
doaj +2 more sources
Managerial ownership and corporate performance in Slovenian post-privatisation period [PDF]
The European Journal of Comparative Economics, 2004 The Slovenian post-privatisation period has been characterised by a decline in the ownership by non-managerial owners (employees) and state-controlled funds.
Marko Simoneti, Aleksandra Gregoric
doaj +2 more sources
Ownership Structure Follows Managerial Strategy
Annals of Business Administrative Science, 2017 Economics of corporate governance treats the ownership structure of shares as an independent variable. This follows the scheme by Berle and Means (1932) that asserts the fact that the broad dispersion of stock ownership promotes “management control” by ...
Nobuo TAKAHASHI
doaj +4 more sources
Managerial Ownership and Accounting Conservativeness [PDF]
مطالعات مدیریت راهبردی, 2015 Company managers, with different motives, try to identify the fastest ways to achieve benefit, and to delay the losses and expenses. Conservativeness limits the capability and desire for such an opportunistic behavior of the managers.
Nasrollah Janafzaei, Mohsen Hasani
doaj +1 more source
Ownership Structure, Debt Policy, and Financial Constraints
Sriwijaya International Journal of Dynamic Economics and Business, 2021 This study aims to determine how the effect of ownership structure on debt policy with financial constraints as a moderating variable in non-financial companies listed on the Indonesia Stock Exchange in 2015-2019.
Bintang Lazuardi Benteng Buana Muslim +1 more
doaj +1 more source
Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost
The Indonesian Journal of Accounting Research, 2021 This research aimed to predict financial distress through ownership structure and managerial agency cost. The ownership structure was tested by managerial ownership and institutional ownership. Meanwhile, the managerial agency cost was
Maya Indriastuti +2 more
doaj +1 more source