Hewa Wellalage, Nirosha; Locke, Stuart - In: Journal of Small Business and Enterprise Development 22 (2015) 1, pp. 127-142
structure. Design/methodology/approach – To control the endogeneity effect of insider ownership, this study uses the dynamic … and insider ownership. Findings – The findings suggest an inverse U -shape relationship of insider ownership and leverage …, indicating higher insider ownership increases management entrenchment while lower insider ownership increases misalignment of the …