Gugler, Klaus; Mueller, Dennis C.; Yurtoglu, B. Burcin - In: Journal of Corporate Finance 14 (2008) 5, pp. 688-705
This article makes two important contributions to the literature on the incentive effects of insider ownership. First, it presents a clean method for separating the positive wealth effect of insider ownership from the negative entrenchment effect, which can be applied to samples of companies...