search query: @indexterm stock ownership / total: 134
reference: 16 / 134
| Author: | Peasnell, K.V. Pope, P.F. Young, S. |
| Title: | Managerial equity ownership and the demand for outside directors |
| Journal: | European Financial Management
2003 : JUN, VOL. 9:2, p. 231-250 |
| Index terms: | Board of directors Equities Managers Stock ownership |
| Language: | eng |
| Abstract: | The linkage between the use of outside directors and managerial ownership is examined. It is conjectured there are two linkages: 1) the standard incentive-alignment demand for monitoring when managers own little stock and 2) an entrenchment-amelioration demand when managerial stock ownership is high. Consequently, the association between managerial ownership and board composition is predicted to be nonlinear. |
SCIMA