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Managerial Ownership Dynamics and Firm Value

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NBER2007-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13202
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From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. The probability of large decreases in ownership is strongly increasing in contemporaneous and past stock returns but the probability of large increases in ownership through
创建时间:
2007-06-01
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