Using Ownership ans an Incentive: Does the "Too Many Chiefs" Rule Apply in Initial Public Offering (IPO) Firms?

T Welbourne

Working Papers from Cornell - Center for Advanced Human Resource Studies

Abstract: Agency theory is used to study the effectiveness of ownership proliferation throughout entrepreneurial organizations. Hypotheses are developed to understand the effect of CEO, top management, and all employee ownership of firm performance.

Keywords: OWNERSHIP (search for similar items in EconPapers)
JEL-codes: L22 M1 (search for similar items in EconPapers)
Pages: 15 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:corirl:96-04

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