Does entrepreneurial optimism affect business performance? Using a unique data setbased on repeated survey design, we …

, eliminates agency problemsassociated with dispersed ownership. On the other hand, it may lead to entrenchment of uppermanagement … concentrated ownership and entrenchment of ownermanagerson firm performance. Our results indicate that, during the 1995-2002 period …, M&Ain India led to deterioration in firm performance. We also find that neither the investors in theequity market nor …