Prof. Fahlenbrach's paper in the Harvard Corporate Governance blog
© 2019 EPFL
The Harvard Corporate Governance blog featured a paper of Professor Fahlenbrach, titled "Why Are Firms With More Managerial Ownership Worth Less?"
In this article, recently made available on the Social Science Research, the authors provide new evidence on the relationship between firm value and managerial ownership.
Professor Fahlenbrach authored this paper with Kornelia Fabisik, Swiss Finance Institute doctoral student at EPFL; René M. Stulz, Everett D. Reese Chair of Banking and Monetary Economics at the Fisher College of Business at The Ohio State University; and Jérôme P. Taillard, Associate Professor of Finance at Babson College.