Why are Firms with More Managerial Ownership Worth Less?
收藏NBER2018-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25352
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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
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美国国家经济研究局创建时间：
2018-12-01
