Is ownership really endogenous?

Applied Economics Letters

Volumn 10, Issue 8, 2003, Pages 483-486

  Gugler, Klaus ^a   Weigand, Jürgen ^b  

^a UNIVERSITY OF VIENNA   (Austria)

^b WHU OTTO BEISHEIM SCHOOL OF MANAGEMENT   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

INDUSTRIAL OWNERSHIP; INDUSTRIAL STRUCTURE; PERFORMANCE ASSESSMENT;

GERMANY;

EID: 0041303366     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485032000095357     Document Type: Article

References (8)

1. Demsetz, H. and Lehn, K. (1985) The structure of corporate ownership: causes and consequences, Journal of Political Economy, 93, 1155-77.
2. Gugler, K. (Ed.) (2001) Corporate Governance and Economic Performance, Oxford University Press, Oxford.
3. Himmelberg, C. P., Hubbard, R. G. and Palia, D. (1999) Understanding the determinants of managerial ownership and the link between ownership and performance, Journal of Financial Economics, 53, 353-84.
4. Jensen, M. C. and Meckling, W. H. (1976) Theory of the firm: managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3, 305-60.
5. Lehmann, E. and Weigand, J. (2000) Does the governed corporation perform better? Governance structures and corporate performance in Germany, European Finance Review, 4, 157-95.
6. Morck, R., Shleifer, A. and Vishny, R. (1988) Management ownership and market valuation: an empirical analysis, Journal of Financial Economics, 20, 293-315.
7. Zeckhauser, R. J. and Pound, J. (1990) Are large shareholders effective monitors? An investigation of share ownership and corporate performance, in Asymmetric Information, Corporate Finance and Investment, (Ed.) R. G. Hubbard, University of Chicago Press, Chicago, pp. 149-80.
8. Zhou, X. (2001) Understanding the determination of managerial ownership and its relation to firm performance: comment, Journal of Financial Economics, 62, 559-71.