Management ownership and firm value revisited
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Cite this item:
Daniell, M. J. (2000). Management ownership and firm value revisited (Thesis). Retrieved from http://hdl.handle.net/10523/1443
Permanent link to OUR Archive version:
http://hdl.handle.net/10523/1443
Abstract:
The relationship between management ownership and firm value is investigated in an attempt to reconcile the conflicting findings in Morck, Shleifer and Vishny (1988) and McConnell and Servaes (1990) using a sample of Fortune 500 firms and two commonly used ownership sources. The findings support the quadratic form of McConnell and Servaes, suggesting that firm value increases to a maximum at around 25 to 35 percent management ownership, then decreases for management ownership levels beyond this point.
Date:
2000
Degree Discipline:
Finance
Pages:
57
Keywords:
management ownership; firm value; Fortune 500 firms,
Research Type:
Thesis
Collections
- Thesis - Masters [2478]
- Accountancy and Finance [247]