The purpose of this article is to analyse the influence of corporate insider ownership of shares on the performance of companies in the retail industry. Prior research examined the relationship between insider ownership and firm values measured by Tobin's Q. In this article, we focus on the relationship between insider ownership and efficiencies measured using Data Envelopment Analysis (DEA). To estimate efficiency using DEA, we treat employees, total earning assets (that includes property, plant and equipment and current assets), inventory and selling, general and administrative expenses as inputs and sales, income before extraordinary items and stock market values as outputs. This study confirms positive relationship between insider ownership and efficiencies of companies in the retail industry.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.