Abstract
Examines how the benefits to managers of corporate control affect the relationship between managerial ownership and the stock returns of acquiring firms. Examination of mergers between 1985 and 1991; Characteristics of agency costs to equity in various levels of managerial ownership.
Full Citation
.
“Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms.”
RAND Journal of Economics
vol.
26
,
(January 01, 1995):
782
-92
.