Kaserer, Christoph; Moldenhauer, Benjamin - Fakultät für Wirtschaftswissenschaften, Technische … - 2006
In this paper we address the question whether insider ownership affects corporate performance. Evidence coming from … affected by endogeneity. Economically, this is due to the fact that in these countries insider ownership seems to be mainly … driven by management's compensation contracts. We argue that Germany is different in this regard, as insider ownership often …