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Corporate governance and performance implications of CEO ownership: Australian evidence

conference contribution
posted on 2023-05-23, 05:10 authored by Wang, Yi, Trevor WilmshurstTrevor Wilmshurst
This paper investigates the corporate governance and performance implications of chief executive ownership in a sample of Australian listed companies. It is found that companies in which the chief executive has an ownership stake of greater than 5 percent make less use of the corporate governance mechanisms as recommended by the stock exchanges. However, there is no significant performance difference between firms with different levels of executive control. The results support the proposition that there may be an offset between the costs of managerial entrenchment and the incentive alignment benefits of executive shareholdings.

History

Publication title

Papers Being Presented at the 2010 AFAANZ Conference

Volume

2010

Editors

AFAANZ

Pagination

1-26

Department/School

TSBE

Publisher

AFAANZ

Place of publication

Conference website

Event title

AFAANZ

Event Venue

Darwin

Date of Event (Start Date)

2010-07-03

Date of Event (End Date)

2010-07-05

Rights statement

Copyright 2010 the Authors

Repository Status

  • Restricted

Socio-economic Objectives

Expanding knowledge in commerce, management, tourism and services

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