Detail Management Ownership And Market Valuation An Empirical Analysis (Journal of Financial Economics, Vol.20, 1988) Bibliografi Author: Morck, Randall ; Shleifer, Andrei ; Vishny, W. Topik: Management Ownership; Market Valuation; Tobin's Q Bahasa: (EN )     Penerbit: Elsevier     Tempat Terbit: New York    Tahun Terbit: 1988     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Management Ownership and Market Valuation.pdf (1.3MB; 13 download) Abstract We investigate the relationship between management ownership and market valuation of the firm, as measured by Tobin's Q. In a 1980 cross-section of 371 Fortune 500 firms, we find evidence of a significant nonmonotonic relationship. Tobin's Q first increases, then declines, and finally rises slightly as ownership by the board of directors rises. For older firms, there is evidence that Q is lower when the firm is run by a member of the founding family than when it is run by an officer unrelated to the founder. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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