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Author:Jordan, J.
Title:Bank managers' opportunistic trading of their firms' shares
Journal:Financial Management
1999 : WIN, VOL. 28:4, p. 36-51
Index terms:Share ownership
Banks
Managers
Language:eng
Abstract:Requiring managers to hold shares in the firms they manage can reduce agency problems. This paper provides evidence that open-market purchases and sales are important in determining both the level and the change in managerial shareholdings.
SCIMA record nr: 203351
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