Why are Firms with More Managerial Ownership Worth Less?
收藏NBER2018-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25352
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资源简介：
Using more than 50,000 firm-years from 1988 to 2015, we show that the empirical relation between a firms Tobins q and managerial ownership is systematically negative. When we restrict our sample to larger firms as in the prior literature, our findings are consistent with the literature, showing that
提供机构：
美国国家经济研究局
创建时间：
2018-12-01
