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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 WilmshurstThis 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 ConferenceVolume
2010Editors
AFAANZPagination
1-26Department/School
TSBEPublisher
AFAANZPlace of publication
Conference websiteEvent title
AFAANZEvent Venue
DarwinDate of Event (Start Date)
2010-07-03Date of Event (End Date)
2010-07-05Rights statement
Copyright 2010 the AuthorsRepository Status
- Restricted