McConnell, John J. (contributor); Servaes, Henri (contributor) - 2003 - [Elektronische Ressource]
level of insider share ownership and firm performance must
be spurious. Studies by Demsetz and Lehn (1985), Agrawal and ….S. firms. The latter two studies conclude that corporate value and/or
profitability affects the level of inside ownership … studies all support Demsetz’ contention.
On the other side of the coin, MSV (1988) use a sample of 371 Fortune 500 firms to …