Management Ownership and Corporate Performance: An Empirical Analysis
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We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a cross-section of Fortune 500 firms, Tobin's Q first increases and then declines as board of directors holdings rise. For older firms there is weak evidence that Q is lower when a firm
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美国国家经济研究局创建时间：
1986-10-01
