Park, Heejin; Noh, Jung Hee; Song, Kyojik "Roy" - In: Global business and finance review 26 (2021) 3, pp. 88-99
entrenchment motives. Design/methodology/approach: We calculate the average monthly risk-adjusted return (alpha) of each portfolio … the largest employee ownership earns 1.32% of alpha per month. Further, we provide evidence that portfolios with higher …