Examines how the benefits to managers of corporate control affect the relationship between managerial ownership and the stock returns of acquiring firms. Examination of mergers between 1985 and 1991; Characteristics of agency costs to equity in various levels of managerial ownership.
Hubbard, R. Glenn, and Darius Palia. "Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms." RAND Journal of Economics 26, no. 4 (Winter 1995): 782-92.
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