Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/24493
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Mueller, Elisabeth | en |
dc.contributor.author | Spitz, Alexandra | en |
dc.date.accessioned | 2009-02-16T14:56:45Z | - |
dc.date.available | 2009-02-16T14:56:45Z | - |
dc.date.issued | 2001 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim | en |
dc.relation.ispartofseries | |aZEW Discussion Papers |x01-72 | en |
dc.subject.jel | G32 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | company performance | en |
dc.subject.keyword | managerial ownership | en |
dc.subject.keyword | corporate governance | en |
dc.subject.keyword | small and medium-sized enterprises | en |
dc.subject.stw | Eigentümerstruktur | en |
dc.subject.stw | Corporate Governance | en |
dc.subject.stw | Führungskräfte | en |
dc.subject.stw | Klein- und Mittelunternehmen | en |
dc.subject.stw | Unternehmensentwicklung | en |
dc.subject.stw | Agency Theory | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Unternehmensdienstleistung | en |
dc.subject.stw | Deutschland | en |
dc.title | Managerial ownership and firm performance in German small and medium-sized enterprises | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 344066010 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zewdip:5428 | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.