Work

The Non-linear Relationship Between Managerial Ownership and Firm Performance

Year: 2007

Type: article

Abstract: We investigate the relationship between operating performance and ownership structure using a sample of Italian IPO-firms in the period 1995-1999. Overall, we find that their performance declines after the IPO. We find evidence of a non-linear relationship between ownership and performance using different measures of operating performance and managerial ownership. This result supports the hypothesis of a combined effect of ownership on firm performance, with a positive effect at (...)

Source: Corporate Ownership and Control

DOI: 10.22495/cocv4i4c4p2

Authors: Damiano Bonardo, Stefano Paleari, Silvio Vismara

Institution: University of Bergamo

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W2249976328

FWCI: 2.707

Cites: 42

Cited by: 13

Related to: 10