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Insider ownership and corporate performance: Evidence from the adjustment cost approach

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  • Cheung, W.K. Adrian
  • Wei, K.C. John

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  • Cheung, W.K. Adrian & Wei, K.C. John, 2006. "Insider ownership and corporate performance: Evidence from the adjustment cost approach," Journal of Corporate Finance, Elsevier, vol. 12(5), pages 906-925, December.
  • Handle: RePEc:eee:corfin:v:12:y:2006:i:5:p:906-925
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    3. Anderson, Ronald C. & Lee, D. Scott, 1997. "Ownership Studies: The Data Source Does Matter," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 32(03), pages 311-329, September.
    4. Himmelberg, Charles P. & Hubbard, R. Glenn & Palia, Darius, 1999. "Understanding the determinants of managerial ownership and the link between ownership and performance," Journal of Financial Economics, Elsevier, vol. 53(3), pages 353-384, September.
    5. Demsetz, Harold & Villalonga, Belen, 2001. "Ownership structure and corporate performance," Journal of Corporate Finance, Elsevier, vol. 7(3), pages 209-233, September.
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    8. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation," Scholarly Articles 29407535, Harvard University Department of Economics.
    9. Bettis, J. C. & Coles, J. L. & Lemmon, M. L., 2000. "Corporate policies restricting trading by insiders," Journal of Financial Economics, Elsevier, vol. 57(2), pages 191-220, August.
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    17. Demsetz, Harold & Lehn, Kenneth, 1985. "The Structure of Corporate Ownership: Causes and Consequences," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1155-1177, December.
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    Cited by:

    1. Bradley W. Benson & Wallace N. Davidson III & Hongxia Wang & Dan L. Worrell, 2011. "Deviations from Expected Stakeholder Management, Firm Value, and Corporate Governance," Financial Management, Financial Management Association International, vol. 40(1), pages 39-81, March.
    2. repec:eee:quaeco:v:65:y:2017:i:c:p:328-345 is not listed on IDEAS
    3. Aleksandra Gregoric & Arjana Brezigar Masten & Katarina Zajc, 2011. "From Social to Private Ownership: Multiple Blockholders in Slovenian Unlisted Firms," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 47(5), pages 27-51, September.
    4. Cheung, Adrian Wai-kong, 2010. "Managerial ownership and performance: A commentary essay," Journal of Business Research, Elsevier, vol. 63(3), pages 292-293, March.
    5. Peng, Lin & Röell, Ailsa A & Tang, Hongfei, 2016. "CEO Incentives: Measurement, Determinants, and Impact on Performance," CEPR Discussion Papers 11417, C.E.P.R. Discussion Papers.
    6. Collins G. Ntim, 2012. "Director shareownership and corporate performance in South Africa," African Journal of Accounting, Auditing and Finance, Inderscience Enterprises Ltd, vol. 1(4), pages 359-373.
    7. Duffhues, Pieter & Kabir, Rezaul, 2008. "Is the pay-performance relationship always positive: Evidence from the Netherlands," Journal of Multinational Financial Management, Elsevier, vol. 18(1), pages 45-60, February.
    8. González, Vi­ctor M. & González, Francisco, 2008. "Influence of bank concentration and institutions on capital structure: New international evidence," Journal of Corporate Finance, Elsevier, vol. 14(4), pages 363-375, September.
    9. Aleksandra Gregoric & Arjana Brezigar Masten & Katarina Zajc, 2011. "From Social to Private Ownership: Multiple Blockholders in Slovenian Unlisted Firms," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 47(5), pages 27-51, September.
    10. Benson, Bradley W. & Davidson III, Wallace N., 2009. "Reexamining the managerial ownership effect on firm value," Journal of Corporate Finance, Elsevier, vol. 15(5), pages 573-586, December.
    11. Florackis, Chrisostomos & Kostakis, Alexandros & Ozkan, Aydin, 2009. "Managerial ownership and performance," Journal of Business Research, Elsevier, vol. 62(12), pages 1350-1357, December.
    12. Cicero, David & Wintoki, M. Babajide & Yang, Tina, 2013. "How do public companies adjust their board structures?," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 108-127.
    13. Tong, Zhenxu, 2008. "Deviations from optimal CEO ownership and firm value," Journal of Banking & Finance, Elsevier, vol. 32(11), pages 2462-2470, November.
    14. Berezinets Irina & Ilina Yulia & Muravyev Alexander, 2011. "Owners, Boards, Managers and the Private Benefits of Control: A Study of Dual Class Stock Firms in an Emerging Market," EERC Working Paper Series 11/12e, EERC Research Network, Russia and CIS.
    15. Drakos, A.A. & Bekiris, F.V., 2010. "Corporate performance, managerial ownership and endogeneity: A simultaneous equations analysis for the Athens stock exchange," Research in International Business and Finance, Elsevier, vol. 24(1), pages 24-38, January.
    16. Deniz Igan & Marcelo Pinheiro, 2012. "Incentive to manipulate earnings and its connection to analysts’ forecasts, trading, and corporate governance," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 36(4), pages 781-821, October.
    17. Berezinets, Irina & Ilina, Yulia & Muravyev, Alexander, 2011. "CEO and Board Characteristics as Determinants of Private Benefits of Control: Evidence from the Russian Stock Exchange," IZA Discussion Papers 6256, Institute for the Study of Labor (IZA).

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