Ferris, Stephen P.; Kim, Kenneth A.; Kitsabunnarat, … - In: Advances in financial economics : Vol. 6, (pp. 57-81). 2001
Due to the existence of keiretsu networks and influential bank shareholders, managerial-ownership is not viewed as important in Japan. With the recent decline in the power and influence of Japanese banks, this view might now be obsolete. We present evidence that managerial ownership has become...