Managerial ownership and firm valuation: Evidence from Japanese firms

By Carl R. Chen, Weiyu Guo, Vivek Mande. 2003

148 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/8285794cd7792cb910003763550ee9364ddab5c4

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. S. Locke
2. Tuan Nguyen
3. K. Reddy
4. Aris Stouraitis
5. C. Kaserer
6. Yan-leung Cheung
7. A. Wong
8. Lee-Seok Hwang

In Finance

1. Aris Stouraitis
2. K. Reddy
3. C. Kaserer
4. Yan-leung Cheung
5. Lee-Seok Hwang
6. Benjamin Moldenhauer
7. Sudipta Basu
8. Jayesh Kumar

Citations in the corpus

• Effect of Managerial Ownership, Financial Leverage, Profitability, Firm Size, and Investment Opportunity on Dividend Policy and Firm Value (2013, background): “This study result support McConnell and Servaes (1990), Chen and Steiner (1999), Chen et al. (2003) that managerial ownership has a positive effect on firm value.”
• Does Boardroom Gender Diversity Matter? Evidence from a Transitional Economy (2015, methodology): “In line with prior studies, we treat firm size, leverage (e.g., Chen et al., 2003), firm age (e.g., Reddy, Locke, Scrimgeour, & Gunasekarage, 2008), industry dummies, and year dummies as control variables.”
• Does Ownership Structure Influence Firm Value? Evidence from India (2003, background): “1 These findings have recently been questioned by Agrawal and Knober (1996), Himmelberg, Hubbard, and Palia (1999), Habib and Ljungquist (2000) and Chen, Guo, and Mande (2003) after controlling for unobserved firm heterogeneity.”
• Corporate governance, top executive compensation and firm performance in Japan (2007, background): “(2003) and Chen et al. (2003) that find a positive relation between managerial ownership and firm value.”
• Ownership concentration, firm performance, and dividend policy in Hong Kong (2005, background): “…et al. (2003), who found that managerial ownership is monotonically and positively related to the value of Japanese manufacturing companies, and by Chen et al. (2003), who showed that as ownership increases, there is greater alignment of managerial interests with those of stockholders for a…”
• Insider ownership and corporate performance: evidence from Germany (2008, background): “For Japan, Chen, Guo, and Mande (2003) are able to find a positiv relation between insider ownership and firm performance, if they control for fixed effects.”