R. Glenn Hubbard

Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms

Coauthor(s): Darius Palia.

Abstract:
Examines how the benefits to managers of corporate control affect the relationship between managerial ownership and the stock returns of acquiring firms. Examination of mergers between 1985 and 1991; Characteristics of agency costs to equity in various levels of managerial ownership.

Source: RAND Journal of Economics
Exact Citation:
Hubbard, R. Glenn, and Darius Palia. "Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms." RAND Journal of Economics 26, no. 4 (Winter 1995): 782-92.
Volume: 26
Number: 4
Pages: 782-92
Date: Winter 1995