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- W3121578726 abstract "This article surveys the seventeen papers in this special issue of the Journal of Financial Economics, and related work. The major findings are: (1) patterns of stock ownership by insiders and outsiders can influence managerial behavior, corporate performance, and stockholder voting in election contests; (2) corporate leverage, inside stock ownership by managers, and the control market are interrelated; (3) departures from one share/one vote affect firm value and efficiency; (4) takeover resistance through defensive restructurings or poison pill provisions is associated with declines in share price; and (5) top management turnover is inversely related to share price performance." @default.
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- W3121578726 date "1988-01-01" @default.
- W3121578726 modified "2023-10-02" @default.
- W3121578726 title "The distribution of power among corporate managers, shareholders, and directors" @default.
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- W3121578726 doi "https://doi.org/10.1016/0304-405x(88)90038-4" @default.
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