Yang, Chi-Yih; Sheu, Her-Jiun - In: Journal of Management and Governance 10 (2006) 1, pp. 59-75
Based on agency theory [Jensen and Meckling: 1976, Journal of Financial Economics 3: 305–360] how managerial stock ownership affects the survival of initial public offerings (IPOs) is explored in this paper. A sample of 560 IPOs listed in Taiwan is examined using the accelerated failure time...
