The Rise in Managerial Stock Ownership

Holderness, Clifford G.; Kroszner, Randall S.; Sheenan, Dennis P.

doi:10.1111/j.1745-6622.2000.tb00070.x

Cited by 6 publications

(1 citation statement)

References 8 publications

(8 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Consistent with Moh'd et al . (1998), Denis and Sarin (1999) and Holderness et al . (1999, 2000), a firm's debt negatively affects the level of insider ownership.…”

Section: Empirical Results and Discussionmentioning

confidence: 94%

The Role of Investment, Financing and Dividend Decisions in Explaining Corporate Ownership Structure: Empirical Evidence from Spain

Pindado¹,

Torre²

2006

Euro Fin Management

View full text Add to dashboard Cite

"This paper analyses the determinants of ownership structure by focusing on the role played by investment, financing and dividend decisions. The use of the Generalised Method of Moments allows us to provide new evidence on this important corporate governance topic, since it controls for the endogeneity problem. Our most relevant findings show that: i) increases in debt lead insiders to limit the risk they bear by reducing their holdings; ii) monitoring by large outside owners substitutes for the disciplinary role of debt; and iii) both inside and outside owners are encouraged to increase their stakes in the firm in view of higher dividends. Our results hold after controlling for equity issues and share repurchases." Copyright 2006 The Authors Journal compilation (c) 2006 Blackwell Publishing Ltd.

show abstract

“…Consistent with Moh'd et al . (1998), Denis and Sarin (1999) and Holderness et al . (1999, 2000), a firm's debt negatively affects the level of insider ownership.…”

Section: Empirical Results and Discussionmentioning

confidence: 94%

The Role of Investment, Financing and Dividend Decisions in Explaining Corporate Ownership Structure: Empirical Evidence from Spain

Pindado¹,

Torre²

2006

Euro Fin Management

View full text Add to dashboard Cite

show abstract

The rise in managerial stock ownership

Holderness¹,

Kroszner²,

Sheehan³

2009

The Economic Nature of the Firm

View full text Add to dashboard Cite

Ownership of Corporations

Boyd

Solarino

2016

Journal of Management

137

View full text Add to dashboard Cite

The ownership of corporations has been studied in multiple disciplines and using diverse theoretical frameworks for several decades. Despite a wealth of research, both research gaps and contradictory findings are common. This is partly due to the fragmentation of the foci of individual studies. We synthesize the work done to date through a content analysis of 145 articles and 523 effect size estimates. On the basis of this review, we develop an integrated perspective to understand how institutional, government, family, executive, and board ownership affect a variety of firm outcomes. We conclude by offering new theoretical and contextual directions to better understand the role of ownership in shaping firm outcomes.

show abstract

The Rise in Managerial Stock Ownership

Cited by 6 publications

References 8 publications

The Role of Investment, Financing and Dividend Decisions in Explaining Corporate Ownership Structure: Empirical Evidence from Spain

The Role of Investment, Financing and Dividend Decisions in Explaining Corporate Ownership Structure: Empirical Evidence from Spain

The rise in managerial stock ownership

Ownership of Corporations

Contact Info

Product

Resources

About