Management ownership and firm value revisited

Daniell, Mark James

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Management ownership and firm value revisited

Daniell, Mark James

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

Date: 2000

Degree Discipline: Finance

Pages: 57

Keywords: management ownership; firm value; Fortune 500 firms,

Research Type: Thesis

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.

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Management ownership and firm value revisited

Management ownership and firm value revisited

Abstract:

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