search query: @author Partch, M. M. / total: 6
reference: 3 / 6
| Author: | Mikkelson, W. H. Partch, M. M. |
| Title: | Managers' voting rights and corporate control |
| Journal: | Journal of Financial Economics
1989 : DEC, VOL. 25:2, p. 263-290 |
| Index terms: | COMPANY CONTROL MANAGEMENT CONTROL |
| Language: | eng |
| Abstract: | Managers' vote holdings are documented in a large random sample of industrial firms. It is tested whether the degree of managerial control of shares affects how often a firm is the target of control events. The likelihood of successful acquisition of firms is unrelated to managers' holdings. But this insignificant relation reflects two opposing effects. Lower managerial control is associated with a higher probability that a firm will receive a takeover offer, but a lower probability that a takeover attempt will lead to a change in control. |
SCIMA