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Economic and Business Management
book

Economic and Business Management

by Xiaoxia Huang, Feng Zhang
March 2022
Intermediate to advanced content levelIntermediate to advanced
294 pages
16h 47m
English
CRC Press
Content preview from Economic and Business Management

The effect of managerial ownership on corporate value

Yanlin Zhang & Yucan Liu

Nanjing University of Science and Technology, Nanjing, China

DOI: 10.1201/9781003203704-13

ABSTRACT: Corporate governance mechanisms, such as equity incentives, have led many managers to own shares in publicly traded companies. Based on the data of A-share listed companies from 2008 to 2019, we find that there is a negative relationship between managerial ownership ratio and Tobin's Q, an indicator of corporate value. Such a relationship is more obvious in listed companies with poor liquidity and small size.

1 Introduction

For many listed enterprises in China, the management of the enterprise is often the founder of the enterprise, and the major shareholders ...

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Publisher Resources

ISBN: 9781000581621