the acquiring firm increases, the interests of managers are more closely aligned with those of shareholders, reducing the …This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial … acquisition premium. At sufficiently high levels of managerial ownership, managers value a reduction in the risk of their …

interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders … that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an …