The Relationship Between Managerial Ownership and Firm Performance: Reviewing and Evaluating

DOI

10.2991/assehr.k.211220.247How to use a DOI?

Keywords

Corporate governance; managerial ownership; firm performance

Abstract

The purpose of this paper is to organise a clear theoretical framework on the topic of the relationship between managerial ownership and firm performance by reviewing and analysing different prior literature. Firstly, this study investigates the determinants of managerial ownership, which can be treated as a basic concept of this theme. Among previous literature, this relationship can be divided into two types, linear and non-linear, respectively. Furthermore, the former relation includes both positive and negative, while the latter consists of many types of relations, such as U-shaped, inverse U-shaped, hump-shaped and W-shaped. Then, the reasons for these mixed results are explained. Ultimately, the relationship between managers’ shares and corporate performance can also be interpreted from different perspectives, including hostile takeover, voting rights and investments.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Mengxian Di
PY  - 2021
DA  - 2021/12/24
TI  - The Relationship Between Managerial Ownership and Firm Performance: Reviewing and Evaluating
BT  - Proceedings of the 2021 4th International Conference on Humanities Education and Social Sciences (ICHESS 2021)
PB  - Atlantis Press
SP  - 1467
EP  - 1473
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211220.247
DO  - 10.2991/assehr.k.211220.247
ID  - Di2021
ER  -