Results 211 to 220 of about 8,653 (266)

Managerial ownership and performance

Journal of Business Research, 2009
Abstract This study revisits the classical debate about the nature of the relationship between managerial ownership and corporate performance by using a semi-parametric estimation approach. The semi-parametric approach helps sidestep concerns associated with the potential misspecification of parametric models (e.g., the arbitrary choice of a fixed ...
Alexandros Kostakis, Aydin Özkan
exaly   +3 more sources

Managerial ownership and firm valuation

Pacific-Basin Finance Journal, 2003
Abstract We study the relation between managerial ownership and Tobin's q ( Q ) for 123 Japanese firms from 1987 to 1995. Managers in Japanese firms own a smaller stake in their firms relative to their US counterparts. Our initial analyses using an Ordinary Least Squares (OLS) regression model show a negative (positive) relation between Q and ...
Carl Chen, Vivek Mande
exaly   +2 more sources

The rise in managerial stock ownership

Journal of Applied Corporate Finance, 2000
Despite the widespread view from Berle and Means onward that ownership of U.S. companies has become increasingly separated from managerial control, the authors report that managerial ownership of public corporations is markedly higher today than in 1935.
Clifford G. Holderness, Randall S. Kroszner, Dennis P. Sheenan   +2 more
openaire   +1 more source

Ownership Structure, Managerial Behavior and Corporate Value

SSRN Electronic Journal, 2002
Abstract The nonlinear relationship between corporate value and managerial ownership is well documented. This has been attributed to the onset of managerial entrenchment, which results in a decrease of corporate value for increasing levels of managerial holdings.
Davies, J.R., Hillier, David J., McColgan, Patrick   +2 more
openaire   +3 more sources

Managerial Ownership and Accounting Conservatism

Journal of Accounting Research, 2007
ABSTRACTIn this paper we examine the effect of managerial ownership on financial reporting conservatism. Separation of ownership and control gives rise to agency problems between managers and shareholders. Financial reporting conservatism is one potential mechanism to address these agency problems. We hypothesize that, as managerial ownership declines,
Ryan LaFond, Sugata Roychowdhury
openaire   +1 more source