Corporate value and ownership structure
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Steven L. Jones; Darrell Lee; James G. Tompkins
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Article
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1997
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John Wiley and Sons
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English
โ 122 KB
๐ 1 views
Several recent papers show that dissident institutions have more influence with management when the level of institutional ownership in the target firm is high. This paper investigates whether increased institutional ownership and institutional ownership concentration reduce agency costs and thus in