Managerial Entrenchment and Firm Value: A Dynamic Perspective
We examine the impact of managerial entrenchment on firm value using a dynamic model with firm fixed effects. To estimate the model, we employ the long-difference technique, which is shown by our simulation to deliver the least biased estimates. Based on a large sample of U.S. companies, we document...
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| Main Authors: | , |
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| 格式: | Article |
| 語言: | English |
| 出版: |
2015
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| 在線閱讀: | https://hdl.handle.net/10356/81056 http://hdl.handle.net/10220/39088 |
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