Holderness, Clifford G.; Kroszner, Randall S.; Sheehan, … - National Bureau of Economic Research (NBER) - 1998
We document that ownership by officers and directors of publicly-traded firms is on average higher today than earlier in the century. Managerial ownership rises from 13 percent for the universe of exchange-listed corporations in 1935, the earliest year for which such data exist, to 21 percent in...