Management ownership and firm value revisited
|dc.contributor.author||Daniell, Mark James||en_NZ|
|dc.identifier.citation||Daniell, M. J. (2000). Management ownership and firm value revisited (Thesis). Retrieved from http://hdl.handle.net/10523/1443||en|
|dc.description.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.||en_NZ|
|dc.subject||Fortune 500 firms,||en_NZ|
|dc.title||Management ownership and firm value revisited||en_NZ|
|thesis.degree.grantor||University of Otago||en_NZ|
|otago.school.eprints||Finance & Quantitative Analysis||en_NZ|
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