BRAC University Institutional Repository

Determinants of managerial ownership and the link between ownership and performance; development of testable hypothesis

DSpace/Manakin Repository

Show simple item record

dc.contributor.author Chowdhury, Anup
dc.date.accessioned 2010-10-07T06:56:16Z
dc.date.available 2010-10-07T06:56:16Z
dc.date.issued 2007
dc.identifier.uri http://hdl.handle.net/10361/367
dc.description.abstract Managerial ownership and firm performance are endogenously determined by exogenous (and only partly observed) changes in the firm’s contracting environment. To develop the testable hypothesis the extension of the cross-sectional results runed by Demesetz and Lehn (1985) (Journal of Political Economy, 93, 1155-1177) has been used and the panel data been used to show that managerial ownership is explained by key variables in the contracting environment in a way consistent with the predictions of principal-agent models. A large fraction of the cross-sectional variation in managerial ownership is explained by unobserved firm heterogeneity. Moreover, after controlling both for observed firm characteristics and firm fixed effects; it cannot be concluded (econometrically) that changes in managerial ownership agent firm performance. en_US
dc.language.iso en en_US
dc.publisher BRAC University en_US
dc.relation.ispartofseries BRAC University Journal, BRAC University; Vol.4. No. 1 pp. 63-74
dc.subject Corporate governance en_US
dc.subject Mangerial ownership en_US
dc.subject Endogenous en_US
dc.subject Heterogeneity en_US
dc.subject Panel data en_US
dc.subject Cross-sectional en_US
dc.title Determinants of managerial ownership and the link between ownership and performance; development of testable hypothesis en_US
dc.type Article en_US


Files in this item

Files Size Format View
Determinants of ... ership and performance.pdf 280.4Kb PDF View/Open or Preview

This item appears in the following Collection(s)

Show simple item record

Policy Guidelines

Search DSpace


Browse

My Account