haku: @author Wright, P. / yhteensä: 40
viite: 14 / 40
| Tekijä: | Wright, P. |
| Otsikko: | Impact of corporate insider, blockholder , and institutional equity ownership on firm risk taking |
| Lehti: | Academy of Management Journal
1996 : APR, VOL. 39:2, p. 441-482 |
| Asiasana: | MANAGEMENT RISK COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | The nature of a firm's risk-taking behavior can significantly affect corporate performance. In an agency context, the authors examined the influence of equity ownership structure upon corporate risk taking. Results support the authors' premise that the wealth portfolios of corporate insiders may influence firm risk taking. They also support their analysis of entrenchment theory and the presumption that financial and non-financial benefits or costs may, at high levels of stock ownership, induce executive decisions inconsistent with growth-oriented risk taking. |
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