haku: @indexterm VALUATION / yhteensä: 677
viite: 394 / 677
Tekijä: | Hanson, R. Song, M. |
Otsikko: | Managerial ownership change and firm value: evidence from dual-class recapitalizations and insider trading |
Lehti: | Journal of Financial Research
1995 : FALL, VOL. 18:3, p. 281-297 |
Asiasana: | CHANGE COMPANIES VALUATION |
Kieli: | eng |
Tiivistelmä: | The authors explore the relation between managerial ownership and firm value by examining a sample of firms that announce dual-class recapitalizations and the insider trading activity that precedes these announcements. Insider trading activity, unlike recapitalization, requires managers to commit their personal wealth and therefore serves as an indicator of the motivation behind the recapitalization. |
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