Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms
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This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial ownership and the stock returns of acquiring firms in corporate control transactions. At low levels of managerial ownership, agency costs of equity (such as perquisite consumption)
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美国国家经济研究局创建时间：
1995-04-01
