Management Ownership and Corporate Performance : an Empirical Analysis

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 is run by a member of the founding family than when it is run by an officer unrelated to the founder

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Year of publication:	[2021]
Authors:	Morck, Randall ; Shleifer, Andrei ; Vishny, Robert W.
Publisher:	[S.l.] : SSRN
Subject:	Unternehmenserfolg \| Firm performance \| Management \| Eigentümerstruktur \| Ownership structure \| Effizienz \| Efficiency \| Entrepreneurship \| Entrepreneurship approach

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Extent:	1 Online-Ressource (32 p)
Series:	NBER Working Paper ; No. w2055
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1986 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013247279