Productivity in the retail industry: does insider ownership of shares matter?
Applied Financial Economics Letters, 2008, vol. 4, issue 2, pages 121-125
The purpose of this article is to analyse the influence of corporate insider ownership of shares on the performance of companies in the retail industry. Prior research examined the relationship between insider ownership and firm values measured by Tobin's Q. In this article, we focus on the relationship between insider ownership and efficiencies measured using Data Envelopment Analysis (DEA). To estimate efficiency using DEA, we treat employees, total earning assets (that includes property, plant and equipment and current assets), inventory and selling, general and administrative expenses as inputs and sales, income before extraordinary items and stock market values as outputs. This study confirms positive relationship between insider ownership and efficiencies of companies in the retail industry.
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:taf:apfelt:v:4:y:2008:i:2:p:121-125
Ordering information: This journal article can be ordered from
Access Statistics for this article
Applied Financial Economics Letters is currently edited by Mark Taylor
More articles in Applied Financial Economics Letters from Taylor and Francis Journals
Series data maintained by Michael McNulty ().