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Stock Market Efficiency and Economic Efficiency: Is There a Connection?

This study revisits the classical debate about the nature of the relationship between managerial ownership and corporate performance by using a semi-parametric estimation approach. The semi-parametric approach helps sidestep concerns associated with the potential misspecification of parametric models e. The results cast doubt on the findings of recent studies on the subject, which critically rely on fully parametric methods, and instead suggest the use of semi-parametric methods in estimating the shape of the ownership-performance curve.

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Managerial Hedging, Equity Ownership and Firm Value by Viral V. Acharya, Alberto Bisin :: SSRN

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Journal of Business Research Volume 62, Issue 12DecemberPages Managerial ownership and performance. Author links open the author workspace.

Managerial Incentives in an Entrepreneurial Stock Market Model

Opens the author workspace Opens the author workspace a. Numbers and letters correspond to the affiliation list. Click to expose these rune factory 3 easy way to making money author workspace Alexandros Kostakis.

Filetype pdf managerial incentives in an entrepreneurial stock market model the author workspace b.

Click to expose these in author workspace Aydin Ozkan. Opens the author workspace c. Click to expose these in author workspace a The Management School, University of Liverpool, Chatham Street, L69 7ZH, Liverpool, United Kingdom b Department of Economics, University of Glasgow, G12 8RT, Glasgow, United Kingdom c Hull University Business School, University of Hull, HU6 7RX, Hull, United Kingdom. Abstract This study revisits the classical debate about the nature of the relationship between managerial ownership and corporate performance by using a semi-parametric estimation approach.

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