Matches in SemOpenAlex for { <https://semopenalex.org/work/W2921411135> ?p ?o ?g. }
- W2921411135 endingPage "101129" @default.
- W2921411135 startingPage "101129" @default.
- W2921411135 abstract "Using unique and proprietary daily trade data from qualified market participants, our study empirically investigates the impact of trading aggressiveness on firm performance and the moderating impact of equity-based compensation and block ownership. Based on a dataset including 3,775,646 daily trades by 35 qualified market participants for 414 New Zealand Exchange (NZX) listed firms over the period 1996–2011, we find that aggressive trading does not consistently improve firm performance across all trading measures and after addressing endogeneity concern. Our findings even hold among firms with CEO equity-based compensation and high level of block ownership. Our study challenges the crucial role of CEO equity-based pay and block ownership in the theory of “governance through trading”. • Stock trading is a powerful governance mechanism. • Aggressive trading did not consistently improve firm performance in NZ setting. • CEO equity-based pay size plays a crucial role in “governance through trading” theory. • Blockholding level does not matter in “governance through trading” theory. • Both institutional and retail trading activities should be equally considered." @default.
- W2921411135 created "2019-03-22" @default.
- W2921411135 creator A5013348638 @default.
- W2921411135 creator A5063231735 @default.
- W2921411135 creator A5079263573 @default.
- W2921411135 creator A5087265162 @default.
- W2921411135 date "2021-04-01" @default.
- W2921411135 modified "2023-10-08" @default.
- W2921411135 title "Stock trading behaviour and firm performance: Do CEO equity-based compensation and block ownership matter?" @default.
- W2921411135 cites W1975372592 @default.
- W2921411135 cites W2014182748 @default.
- W2921411135 cites W2016020734 @default.
- W2921411135 cites W2024623582 @default.
- W2921411135 cites W2032421578 @default.
- W2921411135 cites W2035506393 @default.
- W2921411135 cites W2041917288 @default.
- W2921411135 cites W2050031929 @default.
- W2921411135 cites W2122733781 @default.
- W2921411135 cites W2131603693 @default.
- W2921411135 cites W2135241016 @default.
- W2921411135 cites W2157495061 @default.
- W2921411135 cites W2188984940 @default.
- W2921411135 cites W2292505470 @default.
- W2921411135 cites W2316509495 @default.
- W2921411135 cites W2560977427 @default.
- W2921411135 cites W2913098346 @default.
- W2921411135 cites W3003883893 @default.
- W2921411135 cites W3022435380 @default.
- W2921411135 cites W3121282923 @default.
- W2921411135 cites W3121401171 @default.
- W2921411135 cites W3121850914 @default.
- W2921411135 cites W3121932092 @default.
- W2921411135 cites W3122389145 @default.
- W2921411135 cites W3123190011 @default.
- W2921411135 cites W3123377730 @default.
- W2921411135 cites W3123389673 @default.
- W2921411135 cites W3124062128 @default.
- W2921411135 cites W3124435411 @default.
- W2921411135 cites W3124642447 @default.
- W2921411135 cites W3124663273 @default.
- W2921411135 cites W3124694332 @default.
- W2921411135 doi "https://doi.org/10.1016/j.pacfin.2019.03.006" @default.
- W2921411135 hasPublicationYear "2021" @default.
- W2921411135 type Work @default.
- W2921411135 sameAs 2921411135 @default.
- W2921411135 citedByCount "0" @default.
- W2921411135 crossrefType "journal-article" @default.
- W2921411135 hasAuthorship W2921411135A5013348638 @default.
- W2921411135 hasAuthorship W2921411135A5063231735 @default.
- W2921411135 hasAuthorship W2921411135A5079263573 @default.
- W2921411135 hasAuthorship W2921411135A5087265162 @default.
- W2921411135 hasConcept C10138342 @default.
- W2921411135 hasConcept C106159729 @default.
- W2921411135 hasConcept C144133560 @default.
- W2921411135 hasConcept C149782125 @default.
- W2921411135 hasConcept C151392489 @default.
- W2921411135 hasConcept C151730666 @default.
- W2921411135 hasConcept C162324750 @default.
- W2921411135 hasConcept C17744445 @default.
- W2921411135 hasConcept C199539241 @default.
- W2921411135 hasConcept C199728807 @default.
- W2921411135 hasConcept C200870193 @default.
- W2921411135 hasConcept C2780299701 @default.
- W2921411135 hasConcept C2780762169 @default.
- W2921411135 hasConcept C39389867 @default.
- W2921411135 hasConcept C556758197 @default.
- W2921411135 hasConcept C610760 @default.
- W2921411135 hasConcept C86803240 @default.
- W2921411135 hasConceptScore W2921411135C10138342 @default.
- W2921411135 hasConceptScore W2921411135C106159729 @default.
- W2921411135 hasConceptScore W2921411135C144133560 @default.
- W2921411135 hasConceptScore W2921411135C149782125 @default.
- W2921411135 hasConceptScore W2921411135C151392489 @default.
- W2921411135 hasConceptScore W2921411135C151730666 @default.
- W2921411135 hasConceptScore W2921411135C162324750 @default.
- W2921411135 hasConceptScore W2921411135C17744445 @default.
- W2921411135 hasConceptScore W2921411135C199539241 @default.
- W2921411135 hasConceptScore W2921411135C199728807 @default.
- W2921411135 hasConceptScore W2921411135C200870193 @default.
- W2921411135 hasConceptScore W2921411135C2780299701 @default.
- W2921411135 hasConceptScore W2921411135C2780762169 @default.
- W2921411135 hasConceptScore W2921411135C39389867 @default.
- W2921411135 hasConceptScore W2921411135C556758197 @default.
- W2921411135 hasConceptScore W2921411135C610760 @default.
- W2921411135 hasConceptScore W2921411135C86803240 @default.
- W2921411135 hasFunder F4320320802 @default.
- W2921411135 hasLocation W29214111351 @default.
- W2921411135 hasOpenAccess W2921411135 @default.
- W2921411135 hasPrimaryLocation W29214111351 @default.
- W2921411135 hasRelatedWork W15600188 @default.
- W2921411135 hasRelatedWork W2030338 @default.
- W2921411135 hasRelatedWork W33034758 @default.
- W2921411135 hasRelatedWork W36273301 @default.
- W2921411135 hasRelatedWork W42734602 @default.
- W2921411135 hasRelatedWork W44827385 @default.
- W2921411135 hasRelatedWork W45938976 @default.
- W2921411135 hasRelatedWork W5155710 @default.
- W2921411135 hasRelatedWork W7649664 @default.