Why do firms become widely held? an analysis of the dynamics of corporate ownership
"We consider IPO firms from 1970 to 2001 and examine the evolution of their insider ownership overtime to understand better why and how U.S. firms that become widely held do so. In our sample, amajority of firms has insider ownership below 20% after ten years. We find that a firm's stock m...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11505 |
| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
MARC
| LEADER | 00000nam a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV023591599 | ||
| 003 | DE-604 | ||
| 005 | 20100315 | ||
| 007 | t| | ||
| 008 | 051020s2005 xxud||| |||| 00||| eng d | ||
| 035 | |a (OCoLC)61249726 | ||
| 035 | |a (DE-599)BVBBV023591599 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-521 |a DE-19 | ||
| 050 | 0 | |a HB1 | |
| 100 | 1 | |a Helwege, Jean |e Verfasser |0 (DE-588)130590975 |4 aut | |
| 245 | 1 | 0 | |a Why do firms become widely held? |b an analysis of the dynamics of corporate ownership |c Jean Helwege ; Christo Pirinsky ; René M. Stulz |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2005 | |
| 300 | |a 43 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11505 | |
| 520 | 3 | |a "We consider IPO firms from 1970 to 2001 and examine the evolution of their insider ownership overtime to understand better why and how U.S. firms that become widely held do so. In our sample, amajority of firms has insider ownership below 20% after ten years. We find that a firm's stock marketperformance and trading play an extremely important role in its insider ownership dynamics. Firmsthat experience large decreases in insider ownership and/or become widely held are firms with highvaluations, good recent stock market performance, and liquid markets for their stocks. In contrastand surprisingly, variables suggested by agency theory have limited success in explaining theevolution of insider ownership"--National Bureau of Economic Research web site. | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Stock ownership |z United States |x Econometric models | |
| 651 | 4 | |a USA | |
| 700 | 1 | |a Pirinsky, Christo |e Verfasser |0 (DE-588)130590991 |4 aut | |
| 700 | 1 | |a Stulz, René M. |d 1952- |e Verfasser |0 (DE-588)12857884X |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11505 |w (DE-604)BV002801238 |9 11505 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w11505.pdf |z kostenfrei |3 Volltext |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-016906929 | |
Datensatz im Suchindex
| _version_ | 1819267517103734785 |
|---|---|
| any_adam_object | |
| author | Helwege, Jean Pirinsky, Christo Stulz, René M. 1952- |
| author_GND | (DE-588)130590975 (DE-588)130590991 (DE-588)12857884X |
| author_facet | Helwege, Jean Pirinsky, Christo Stulz, René M. 1952- |
| author_role | aut aut aut |
| author_sort | Helwege, Jean |
| author_variant | j h jh c p cp r m s rm rms |
| building | Verbundindex |
| bvnumber | BV023591599 |
| callnumber-first | H - Social Science |
| callnumber-label | HB1 |
| callnumber-raw | HB1 |
| callnumber-search | HB1 |
| callnumber-sort | HB 11 |
| callnumber-subject | HB - Economic Theory and Demography |
| ctrlnum | (OCoLC)61249726 (DE-599)BVBBV023591599 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02253nam a2200385zcb4500</leader><controlfield tag="001">BV023591599</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20100315 </controlfield><controlfield tag="007">t|</controlfield><controlfield tag="008">051020s2005 xxud||| |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)61249726</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV023591599</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-521</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HB1</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Helwege, Jean</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)130590975</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Why do firms become widely held?</subfield><subfield code="b">an analysis of the dynamics of corporate ownership</subfield><subfield code="c">Jean Helwege ; Christo Pirinsky ; René M. Stulz</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2005</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">43 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11505</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">"We consider IPO firms from 1970 to 2001 and examine the evolution of their insider ownership overtime to understand better why and how U.S. firms that become widely held do so. In our sample, amajority of firms has insider ownership below 20% after ten years. We find that a firm's stock marketperformance and trading play an extremely important role in its insider ownership dynamics. Firmsthat experience large decreases in insider ownership and/or become widely held are firms with highvaluations, good recent stock market performance, and liquid markets for their stocks. In contrastand surprisingly, variables suggested by agency theory have limited success in explaining theevolution of insider ownership"--National Bureau of Economic Research web site.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Ökonometrisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Stock ownership</subfield><subfield code="z">United States</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">USA</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pirinsky, Christo</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)130590991</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stulz, René M.</subfield><subfield code="d">1952-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)12857884X</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11505</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">11505</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w11505.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-016906929</subfield></datafield></record></collection> |
| geographic | USA |
| geographic_facet | USA |
| id | DE-604.BV023591599 |
| illustrated | Illustrated |
| indexdate | 2024-12-23T21:18:25Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016906929 |
| oclc_num | 61249726 |
| open_access_boolean | 1 |
| owner | DE-521 DE-19 DE-BY-UBM |
| owner_facet | DE-521 DE-19 DE-BY-UBM |
| physical | 43 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Helwege, Jean Verfasser (DE-588)130590975 aut Why do firms become widely held? an analysis of the dynamics of corporate ownership Jean Helwege ; Christo Pirinsky ; René M. Stulz Cambridge, Mass. National Bureau of Economic Research 2005 43 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11505 "We consider IPO firms from 1970 to 2001 and examine the evolution of their insider ownership overtime to understand better why and how U.S. firms that become widely held do so. In our sample, amajority of firms has insider ownership below 20% after ten years. We find that a firm's stock marketperformance and trading play an extremely important role in its insider ownership dynamics. Firmsthat experience large decreases in insider ownership and/or become widely held are firms with highvaluations, good recent stock market performance, and liquid markets for their stocks. In contrastand surprisingly, variables suggested by agency theory have limited success in explaining theevolution of insider ownership"--National Bureau of Economic Research web site. Ökonometrisches Modell Stock ownership United States Econometric models USA Pirinsky, Christo Verfasser (DE-588)130590991 aut Stulz, René M. 1952- Verfasser (DE-588)12857884X aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11505 (DE-604)BV002801238 11505 http://papers.nber.org/papers/w11505.pdf kostenfrei Volltext |
| spellingShingle | Helwege, Jean Pirinsky, Christo Stulz, René M. 1952- Why do firms become widely held? an analysis of the dynamics of corporate ownership National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Stock ownership United States Econometric models |
| title | Why do firms become widely held? an analysis of the dynamics of corporate ownership |
| title_auth | Why do firms become widely held? an analysis of the dynamics of corporate ownership |
| title_exact_search | Why do firms become widely held? an analysis of the dynamics of corporate ownership |
| title_full | Why do firms become widely held? an analysis of the dynamics of corporate ownership Jean Helwege ; Christo Pirinsky ; René M. Stulz |
| title_fullStr | Why do firms become widely held? an analysis of the dynamics of corporate ownership Jean Helwege ; Christo Pirinsky ; René M. Stulz |
| title_full_unstemmed | Why do firms become widely held? an analysis of the dynamics of corporate ownership Jean Helwege ; Christo Pirinsky ; René M. Stulz |
| title_short | Why do firms become widely held? |
| title_sort | why do firms become widely held an analysis of the dynamics of corporate ownership |
| title_sub | an analysis of the dynamics of corporate ownership |
| topic | Ökonometrisches Modell Stock ownership United States Econometric models |
| topic_facet | Ökonometrisches Modell Stock ownership United States Econometric models USA |
| url | http://papers.nber.org/papers/w11505.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT helwegejean whydofirmsbecomewidelyheldananalysisofthedynamicsofcorporateownership AT pirinskychristo whydofirmsbecomewidelyheldananalysisofthedynamicsofcorporateownership AT stulzrenem whydofirmsbecomewidelyheldananalysisofthedynamicsofcorporateownership |