LILIENFELD-TOAL, ULF VON; RUENZI, STEFAN - In: Journal of Finance 69 (2014) 3, pp. 1013-1050
type="main" <title type="main">ABSTRACT</title> <p>We examine the relationship between CEO ownership and stock market performance. A strategy based on public information about managerial ownership delivers annual abnormal returns of 4% to 10%. The effect is strongest among firms with weak external governance, weak product...</p>
