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| Author: | Neumann, R. Voetmann, T. |
| Title: | Does ownership matter in the presence of strict antiactivism legislation? Evidence from equity transactions in Denmark |
| Journal: | International Review of Financial Analysis
2003 : VOL. 12:2, p. 157-171 |
| Index terms: | Corporate governance Company ownership Equity capital Institutional investors Denmark |
| Language: | eng |
| Abstract: | Unlike the positive relationship between managerial ownership and security performance, it is found that the relationship between ownership and performance is a bell-shaped curve. There is an optimal threshold level of ownership at which security performance, measured by abnormal returns, is maximized. |
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