Jandik, Tomas (contributor); Makhija, Anil K. (contributor) - 2005
is mixed. While
Friend and Lang (1988) find leverage and management holdings to be negatively related,
Chaplinsky and … management, control, and
ownership (Gilson and Warner, 1996, Table 3), whereas merger restrictions exist in only about
30% of … attention to management of market rather than book
leverage. However, results of this study are not affected if book value of …