Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance
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https://www.nber.org/papers/w7209
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资源简介：
Both managerial ownership and performance are endogenously determined by exogenous (and only partly observed) changes in the firm's contracting environment. We extend the cross-sectional results of Demsetz and Lehn (1985) and use panel data to show that managerial ownership is explained by key
提供机构：
美国国家经济研究局
创建时间：
2000-02-01
