Journal ArticleDOI
The separation of ownership from control and investment performance
TLDR
In this paper, the authors compared the performance of several diversified portfolios containing a total of 199 industrial corporations' common stocks in which the class of a given portfolio's stocks is a range of percentage of the total voting stock held by management.About:
This article is published in Journal of Economics and Business.The article was published on 1982-01-01. It has received 10 citations till now. The article focuses on the topics: Stock market & Common stock.read more
Citations
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Journal ArticleDOI
Ownership versus competition: Efficiency in public enterprise*
TL;DR: In this paper, the authors argue that the relative importance of contestable ownership in inducing technical (if not allocative) efficiency is likely to increase as major product markets have continued to become more concentrated in most countries (see, for example, Hart and Clarke, 1980).
Journal ArticleDOI
Earnings management and corporate ownership structure: an examination of extraordinary item reporting
TL;DR: In this paper, the authors examined the empirical relation between a three-way classification of corporate ownership structure and earnings management through the use of extraordinary item (EI) reporting, and found that the threeway ownership classification scheme used in this study is superior to the dichotomous owner-controlled/managercontrolled classification typically used in accounting studies.
Journal ArticleDOI
Agents, Owners, Control and Performance
Journal ArticleDOI
Quo Vadis? Suggestions for future corporate governance research
TL;DR: In this paper, the basic tenets of agency theory and theory of managerial capitalism are reviewed and some of the major research in these areas are suggested for areas for future research that go beyond the extant empirical work.
Journal ArticleDOI
The Separation of Ownership from Control and Firm Performance Evidence from UAE
TL;DR: In this paper, the authors examined the effect of separation between ownership and control on firm performance through testing whether there is a significant difference between the performances of 24 owner-controlled (OC) firms versus 25 manager controlled (MC) firms in UAE using the averages of the accounting data over the five years 2002•1998.
References
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Journal ArticleDOI
Efficient capital markets: a review of theory and empirical work*
TL;DR: Efficient Capital Markets: A Review of Theory and Empirical Work Author(s): Eugene Fama Source: The Journal of Finance, Vol. 25, No. 2, Papers and Proceedings of the Twenty-Eighth Annual Meeting of the American Finance Association New York, N.Y. December, 28-30, 1969 (May, 1970), pp. 383-417 as mentioned in this paper
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Capital asset prices: a theory of market equilibrium under conditions of risk*
TL;DR: In this paper, the authors present a body of positive microeconomic theory dealing with conditions of risk, which can be used to predict the behavior of capital marcets under certain conditions.
Book ChapterDOI
The valuation of risk assets and the selection of risky investments in stock portfolios and capital budgets
TL;DR: In this article, the problem of selecting optimal security portfolios by risk-averse investors who have the alternative of investing in risk-free securities with a positive return or borrowing at the same rate of interest and who can sell short if they wish is discussed.
Journal ArticleDOI
The performance of mutual funds in the period 1945–1964
TL;DR: Jensen's Alpha as discussed by the authors is a risk-adjusted measure of portfolio performance that estimates how much a manager's forecasting ability contributes to the fund's returns, based on the theory of the pricing of capital assets by Sharpe (1964), Lintner (1965a) and Treynor (Undated).
Journal ArticleDOI
A Simplified Model for Portfolio Analysis
TL;DR: Preliminary evidence suggests that the relatively few parameters used by the model can lead to very nearly the same results obtained with much larger sets of relationships among securities, as well as the possibility of low-cost analysis.