Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance
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Both managerial ownership and performance are endogenously determined by exogenous (and only partly observed) changes in the firm's contracting environment. We extend the cross-sectional results of Demsetz and Lehn (1985) and use panel data to show that managerial ownership is explained by key
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美国国家经济研究局创建时间：
2000-02-01
