Managerial ownership and the performance of firms: Evidence from the UK
Tài liệu tham khảo
Bank of England, 1983. The composition of company boards in 1982. Bank of England Quarterly Bulletin, March, pp. 66–68.
Black, 1990, Shareholder passivity reexamined, Michigan Law Review, 89, 520, 10.2307/1289384
Black, 1994, Hail Britannia?: Institutional investor behavior under limited regulation, Michigan Law Review, 92, 1997, 10.2307/1289659
Cadbury, A., 1992. Report of the Committee on the Financial Aspects of Corporate Governance. Gee Publishing, London.
Conyon, 1994, Corporate governance changes in UK companies between 1988 and 1993, Corporate Governance, 2, 97, 10.1111/j.1467-8683.1994.tb00060.x
Demsetz, 1983, The structure of ownership and the theory of the firm, Journal of Law and Economics, 26, 375, 10.1086/467041
Demsetz, 1985, The structure of corporate ownership: Causes and consequences, Journal of Political Economy, 93, 1155, 10.1086/261354
Fama, 1983, Separation of ownership and control, Journal of Law and Economics, 26, 301, 10.1086/467037
Grossman, S., Hart, O., 1982. Corporate financial structure and managerial incentives. In: McCall, J. (Ed.), The Economics of Information and Uncertainty, University of Chicago Press, Chicago, IL, pp. 107–137.
Herman, E.S., 1981. Corporate Control, Corporate Power. Cambridge University Press, Cambridge.
Jensen, 1986, Agency costs of free cash flow, corporate finance and takeovers, American Economic Review, 76, 323
Jensen, 1993, The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance, 48, 831, 10.2307/2329018
Jensen, 1976, Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 4, 305, 10.1016/0304-405X(76)90026-X
Kester, 1992, Industrial groups as systems of contractual governance, Oxford Review of Economic Policy, 8, 24, 10.1093/oxrep/8.3.24
Kole, 1995, Measuring managerial equity ownership: A comparison of sources of ownership data, Journal of Corporate Finance, 1, 413, 10.1016/0929-1199(94)00012-J
Leech, 1991, Ownership structure, control type classifications and the performance of large British companies, Economic Journal, 101, 1418, 10.2307/2234893
McConnell, 1990, Additional evidence on equity ownership and corporate value, Journal of Financial Economics, 27, 595, 10.1016/0304-405X(90)90069-C
McConnell, 1995, Equity ownership and the two faces of debt, Journal of Financial Economics, 39, 131, 10.1016/0304-405X(95)00824-X
Morck, 1988, Managerial ownership and market valuation: An empirical analysis, Journal of Financial Economics, 20, 292, 10.1016/0304-405X(88)90048-7
National Association of Pension Funds, 1994. Annual Survey of Occupational Pension Schemes, National Association of Pension Funds, London.
Roe, 1990, Political and legal restraints on ownership and control of public companies, Journal of Financial Economics, 27, 7, 10.1016/0304-405X(90)90019-V
Roe, 1991, A political theory of American corporate finance, Columbia Law Review, 91, 10, 10.2307/1122856
Short, H., Keasey, K., 1997. Institutional shareholders and corporate governance in the UK. In: Keasey, K., Thompson, S., Wright, M. (Eds.), Corporate Governance: Economic and Financial Issues, Oxford University Press, Oxford, pp. 18–53.
Stiglitz, 1985, Credit markets and the control of capital, Journal of Money, Credit, and Banking, 17, 133, 10.2307/1992329
Weston, J.F., 1979. The tender takeover. Mergers and Acquisitions, pp. 74–82.
White, 1980, A heteroskedasticity-consistent covariance matrix and a direct test for heteroskedasticity, Econometrica, 48, 817, 10.2307/1912934