Holderness, Clifford G.; Kroszner, Randall S.; Sheehan, … - In: Journal of Finance 54 (1999) 2, pp. 435-469
We document that ownership by officers and directors of publicly traded firms is on average higher today than earlier in the century. Managerial ownership has risen from 13 percent for the universe of exchange-listed corporations in 1935, the earliest year for which such data exist, to 21...
