| ชื่อเรื่อง | : | What determines the allocation of managerial ownership within firms? Evidence from investment management firms |
| นักวิจัย | : | Dimmock, Stephen G. , Gerken, William C. , Marietta-Westberg, Jennifer |
| คำค้น | : | DRNTU::Business::Finance::Corporate finance |
| หน่วยงาน | : | Nanyang Technological University, Singapore |
| ผู้ร่วมงาน | : | - |
| ปีพิมพ์ | : | 2558 |
| อ้างอิง | : | Dimmock, S. G., Gerken, W. C., & Marietta-Westberg, J. (2015). What determines the allocation of managerial ownership within firms? Evidence from investment management firms. Journal of corporate finance, 30, 44-64. , 0929-1199 , http://hdl.handle.net/10220/25039 , http://dx.doi.org/10.1016/j.jcorpfin.2014.11.004 |
| ที่มา | : | - |
| ความเชี่ยวชาญ | : | - |
| ความสัมพันธ์ | : | Journal of corporate finance |
| ขอบเขตของเนื้อหา | : | - |
| บทคัดย่อ/คำอธิบาย | : | We show that the allocation of managerial ownership to individuals within firms varies depending upon the joint distribution of decision control and decision management rights. Using a unique dataset of institutional investment management firms, we show that ownership is higher for managers: with both executive and operational responsibilities; when benefits of cooperation are higher; and with large contributions to firm value. Consistent with career concerns, we find increases in a manager's ownership are associated with increases in unsystematic risk. Ownership dispersion within the firm is associated with the allocation of monitoring and operational roles and the potential benefits of cooperation. |
| บรรณานุกรม | : |
Dimmock, Stephen G. , Gerken, William C. , Marietta-Westberg, Jennifer . (2558). What determines the allocation of managerial ownership within firms? Evidence from investment management firms.
กรุงเทพมหานคร : Nanyang Technological University, Singapore. Dimmock, Stephen G. , Gerken, William C. , Marietta-Westberg, Jennifer . 2558. "What determines the allocation of managerial ownership within firms? Evidence from investment management firms".
กรุงเทพมหานคร : Nanyang Technological University, Singapore. Dimmock, Stephen G. , Gerken, William C. , Marietta-Westberg, Jennifer . "What determines the allocation of managerial ownership within firms? Evidence from investment management firms."
กรุงเทพมหานคร : Nanyang Technological University, Singapore, 2558. Print. Dimmock, Stephen G. , Gerken, William C. , Marietta-Westberg, Jennifer . What determines the allocation of managerial ownership within firms? Evidence from investment management firms. กรุงเทพมหานคร : Nanyang Technological University, Singapore; 2558.
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