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Insider ownership and corporate performance: evidence from Germany

โœ Scribed by Christoph Kaserer; Benjamin Moldenhauer


Book ID
107526597
Publisher
Springer-Verlag
Year
2007
Tongue
English
Weight
317 KB
Volume
2
Category
Article
ISSN
1863-6683

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In this study we integrate evidence about managers' personal beliefs about their firms' prospects into an analysis of managerial decisions on acquisitions and takeover resistance. We examine insider trading (a proxy for personal beliefs) around significant corporate acquisitions and find little cros