search query: @author Agrawal, A. / total: 11
reference: 9 / 11
| Author: | Agrawal, A. Mandelker, G. N. |
| Title: | Managerial incentives and corporate investment and financing decisions. |
| Journal: | Journal of Finance
1987 : SEP, VOL. 42:4, p. 823-837 |
| Index terms: | SHARE OPTIONS INVESTMENT |
| Language: | eng |
| Abstract: | The relationship between common stock and option holdings of managers and the choice of investment and financing decisions by firms. Support is found for the hypothesis of a positive relationship between the security holdings of managers and the changes in firm variance and in financial leverage. This conclusion is based on samples of acquiring and divesting firms. The findings are consistent with the hypothesis that executive holdings have a role in reducing agency problems. Implications for further research are also discussed. |
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