高管持股与企业价值.PDFVIP

78 ∗ 78 8%25% 8% 25% Denis McConnell2003 MorckShleifer Vishny 198805%25% Q 5%25%Q McConnell Servae Q Q Short Keasey 1999MiguelPindado Torre 2001 Claessens Djankov1998 20002000200320042004 ∗ 1% Morck et al.1988Short 1999 1932 Berle Means Jensen Meckling 1976 Shleifer Vishny1997