Why Managers Hold Shares of Their Firms: An Empirical Analysis



Carhart, M. M., 1997, “On Persistence in Mutual Fund Performance,” Jour-
nal of Finance, 52, 57-82.

DeMarzo, P., and B. Urosevic, 2006, “Optimal Trading and Asset Pricing
with a Large Shareholder,”
Journal of Political Economy, forthcoming.

Dlugosz, J., R. Fahlenbrach, P. Gompers, and A. Metrick, 2006, “Large
Blocks of Stock: Prevalence, Size, and Measurement,”
Journal of Corpo-
rate Finance
, 12, 594-618.

Fama, E. F., and K. R. French, 1993, “Common Risk Factors in the Return
on Bonds and Stocks,”
Journal of Financial Economics, 33, 3-53.

Fama, E. F., and J. MacBeth, 1973, “Risk, Return, and Equilibrium: Em-
pirical Tests,”
Journal of Political Economy, 81, 607-636.

Field, L. C., and J. Karpoff, 2002, “Takeover Defenses of IPO Firms,” Jour-
nal of Finance
, 57, 1857-1889.

Finkelstein, S., and D. C. Hambrick, 1996, Strategic Leadership: Top Exec-
utives and Their Effects on Organizations
. South Western College Pub-
lishing, St Paul.

Gompers, P., J. Ishii, and A. Metrick, 2003, “Corporate Governance and
Equity Prices,”
Quarterly Journal of Economics, 118, 107-155.

Gorton, G., and P. He, 2006, “Agency-Based Asset Pricing,” NBER Working
Paper.

Grossman, S., and O. Hart, 1980, “Takeover Bids, the Free Rider Problem,
and the Theory of the Corporation,”
Bell Journal of Economics, 11, 42-
69.

31



More intriguing information

1. The name is absent
2. Clinical Teaching and OSCE in Pediatrics
3. Integrating the Structural Auction Approach and Traditional Measures of Market Power
4. The name is absent
5. Fertility in Developing Countries
6. Environmental Regulation, Market Power and Price Discrimination in the Agricultural Chemical Industry
7. Survey of Literature on Covered and Uncovered Interest Parities
8. The name is absent
9. Stable Distributions
10. Parent child interaction in Nigerian families: conversation analysis, context and culture