Results 261 to 270 of about 22,082 (308)

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 R Chen, Vivek Mande
exaly   +2 more sources

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 Information Opacity

SSRN Electronic Journal, 2007
This study examines the effect of equity ownership by managers on a firm's information environment vis-a-vis its effect on analyst forecast accuracy and analyst following. We collect a sample of over 26,000 observations on managerial ownership during 1988-2002 and find that managerial ownership is negatively related to both the accuracy of analysts ...
Bok Baik, Jun-Koo Kang, Richard M. Morton   +2 more
openaire   +1 more source

Managerial ownership of voting rights

Journal of Financial Economics, 1985
Abstract Managers of firms with dual classes of common stock can choose different quantities of votes for a given cash flow interest by choosing different quantities of the two securities. We study managerial stock holdings in 45 dual class firms and find that vote ownership per se is an important motivation for these holdings in that corporate ...
Harry DeAngelo, Linda DeAngelo
openaire   +1 more source

The Managerial Ownership and Dividend Payout

2023
ABAC Journal, 43, 2, 12 ...
openaire   +1 more source

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

Managerial Ownership and Corporate Hedging

Journal of Business Finance & Accounting, 2007
Abstract: Using information on 443 UK non‐financial companies, this work provides evidence supporting the hypothesis that managerial risk aversion is an incentive to deviate from the optimal hedging position. Conflicts of interest between shareholders and managers are at the centre of the decision about the firm's risk profile but are not relevant as ...
openaire   +2 more sources

Managerial Equity Ownership and the Demand for Outside Directors

European Financial Management, 2002
This paper examines the linkage between the use of outside directors and managerial ownership. We conjecture there are two linkages: the standard incentive‐alignment demand for monitoring when managers own little stock and an entrenchment‐amelioration demand when managerial stock ownership is high.
Peasnell, Kenneth V., Pope, Peter F., Young, Steven   +2 more
openaire   +2 more sources

Skill or Effort? Institutional Ownership and Managerial Efficiency

SSRN Electronic Journal, 2018
Using a sample of U.S. firms during the 1989-2015 period, we study whether the efficiency with which managers generate revenue is sensitive to monitoring by institutional shareholders. We find that institutional ownership is positively related to managerial efficiency.
Baghdadi, Ghasan A., Bhatti, Ishaq M., Nguyen, Lily H. G., Podolski, Edward J.   +3 more
openaire   +4 more sources

Managerial Incentives, Financial Constraints and Ownership Concentration [PDF]

SSRN Electronic Journal, 2011
This work investigates the role of equity ownership for the purpose of committing the management to the pursuit of shareholder value in the presence of separation between ownership and control. By rooting the conflicts of interests between managers and shareholders upon the control of internal funds, a simple model allows to analyse the link between ...
openaire   +1 more source