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Excess market value, market power, and inside ownership structure

✍ Scribed by Wi-Saeng Kim; Esmeralda O. Lyn


Publisher
Springer US
Year
1988
Tongue
English
Weight
922 KB
Volume
3
Category
Article
ISSN
0889-938X

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In line with theory suggested by Miller and Modigliani (1961), this paper finds generally positive and statistically significant effects of growth on the current market value of the firm over the 1974-90 period. This intuitive result is not surprising, but the lack of a simple link between the valua