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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/24493
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Mueller, Elisabeth | | en_US |
| dc.contributor.author | | Spitz, Alexandra | | en_US |
| dc.date.accessioned | | 2009-02-16T14:56:45Z | | - |
| dc.date.available | | 2009-02-16T14:56:45Z | | - |
| dc.date.issued | | 2001 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/24493 | | - |
| dc.description.abstract | | We analyze the relationship between managerial ownership and company performance, testing the incentive and entrenchment hypothesis. Differently from previous literature, we focus on small and medium-sized private enterprises which constitute an important part of the German economy. We use a panel of 356 companies in the German business-related service sector for the years 1997-2000. Our findings are that performance, measured by survey-based profit information, is increasing in managerial ownership up to around 40 percent. We do not find a significant entrenchment effect, possibly because at levels at which managers could become entrenched, they already bear a large proportion of the costs and have therefore an incentive to maximize company value. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim | | en_US |
| dc.relation.ispartofseries | | ZEW Discussion Papers 01-72 | | en_US |
| dc.subject.jel | | G32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | company performance | | en_US |
| dc.subject.keyword | | managerial ownership | | en_US |
| dc.subject.keyword | | corporate governance | | en_US |
| dc.subject.keyword | | small and medium-sized enterprises | | en_US |
| dc.subject.stw | | Eigentümerstruktur | | en_US |
| dc.subject.stw | | Corporate Governance | | en_US |
| dc.subject.stw | | Führungskräfte | | en_US |
| dc.subject.stw | | Klein- und Mittelunternehmen | | en_US |
| dc.subject.stw | | Unternehmensentwicklung | | en_US |
| dc.subject.stw | | Agency Theory | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Unternehmensdienstleistung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Managerial ownership and firm performance in German small and medium-sized enterprises | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 344066010 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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| dp0172.pdf | | 203.41 kB | Adobe PDF |
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