|
|||
|
Exhibition: The theories
on ownership and performance Introduction: This table lists all the main theories about
managerial ownership and financial performance. The following three items of
information are provided: 1) Hypothesis and associated sign of derivative.
2) Underlying theory and possible sub-argument of hypothesis. 3) Implied
causality and timing of hypothesis. It should also be noted that |
|||
|
|
|||
|
- Copyright 1997-2008, ViamInvest. Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Legal notice. |
is notation for financial performance at time t+1 as
expected at time t. For a review of the theories below see, Mathiesen [2002,
Chapter 2]. 