Results 261 to 270 of about 317,585 (307)

The Managerial Ownership and Dividend Payout

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

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

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

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   +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   +3 more sources

Managerial hedging and equity ownership [PDF]

, 2002
Riskaverse managers can hedge the aggregate component of their exposure to firm's cash flow risk by trading in ficial markets, but cannot hedge their firmspecific exposure. This gives them incentives to pass up firmspecific projects in favor of standard projects that contain greater aggregate risk.
Acharya, V, Bisin, A
openaire  

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

Managerial ownership and incentive alignment

2018
Mandatory stock ownership plans require executives to hold a minimum level of stock. I exploit these changes in managerial stock ownership to examine the relation between managerial ownership and manager-shareholder incentive alignment. In contrast to prior work that suggests equity incentives induce opportunistic managerial behavior, I find earnings ...
openaire   +1 more source