For a large panel of US firms it is found that managerial ownership is (econometrically) endogenous as Himmelberg et al. (Journal of Financial Economics, 53, 353-384, 1999) found. The largest shareholder, however, affects performance exogenously. This also holds for German firms.
To more thoroughly study the effect of ownership on management turnover, firms are classified by own...
[[abstract]]"This paper reexamines the relationship between ownership and firm performance. Using an...
In 1985, Demsetz & Lehn argued both that the optimal corporate ownership structure was firm-specific...
This paper investigates the relationship between managerial ownership and firm performance by consid...
This paper presents a parsimonious, structural model that captures primary economic determinants of ...
The objective of this article is to determine the interrelations between the ownership structure and...
A recently published paper by Gugler and Weigand (2003) addresses the problem of the endogeneity of ...
AbstractMost previous literatures deem ownership structure as exogenous variables to deal with and b...
The aim of this paper is to study the relationship between ownership structure and firm value. This ...
[[abstract]]This paper uses a switching simultaneous-equations model to examine the relation between...
This paper studies the effect of managerial ownership on performance and the determinants of manager...
Whether equity-based compensation and equity ownership align the interests of managers with stockhol...
Himmelberg et al. (J. Financial Econom. 53 (1999) 353–384) argue that fixed effects estimators shoul...
NOTICE: this is the author’s version of a work that was accepted for publication in Journal of Finan...
Research Question/Issue: This paper aims at exploring the relationship between ownership structure a...
To more thoroughly study the effect of ownership on management turnover, firms are classified by own...
[[abstract]]"This paper reexamines the relationship between ownership and firm performance. Using an...
In 1985, Demsetz & Lehn argued both that the optimal corporate ownership structure was firm-specific...
This paper investigates the relationship between managerial ownership and firm performance by consid...
This paper presents a parsimonious, structural model that captures primary economic determinants of ...
The objective of this article is to determine the interrelations between the ownership structure and...
A recently published paper by Gugler and Weigand (2003) addresses the problem of the endogeneity of ...
AbstractMost previous literatures deem ownership structure as exogenous variables to deal with and b...
The aim of this paper is to study the relationship between ownership structure and firm value. This ...
[[abstract]]This paper uses a switching simultaneous-equations model to examine the relation between...
This paper studies the effect of managerial ownership on performance and the determinants of manager...
Whether equity-based compensation and equity ownership align the interests of managers with stockhol...
Himmelberg et al. (J. Financial Econom. 53 (1999) 353–384) argue that fixed effects estimators shoul...
NOTICE: this is the author’s version of a work that was accepted for publication in Journal of Finan...
Research Question/Issue: This paper aims at exploring the relationship between ownership structure a...
To more thoroughly study the effect of ownership on management turnover, firms are classified by own...
[[abstract]]"This paper reexamines the relationship between ownership and firm performance. Using an...
In 1985, Demsetz & Lehn argued both that the optimal corporate ownership structure was firm-specific...
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