Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia
This study investigates whether managerial share ownership serve to enjhance or detract from firm performance in listed companies in Australia. The results support both the 'convergence of interest' and 'entrenchment' hypotheses and therefore, the existence of a non-linear relati...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Taiwan Institute of Business Administration
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/11448 |
| _version_ | 1848747808357613568 |
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| author | Singhchawla, Wanachan Evans, Robert Evans, John Rajabhat, S. |
| author_facet | Singhchawla, Wanachan Evans, Robert Evans, John Rajabhat, S. |
| author_sort | Singhchawla, Wanachan |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study investigates whether managerial share ownership serve to enjhance or detract from firm performance in listed companies in Australia. The results support both the 'convergence of interest' and 'entrenchment' hypotheses and therefore, the existence of a non-linear relationship between firm performance and managerial ownership. A cubic relationship is found to exist for Australian data, namely convergence to entrenchment to convergence, with maximum and minimum points occurring at approximately 12% and 58% of executive directors' shareholdings, respectively. |
| first_indexed | 2025-11-14T06:55:02Z |
| format | Journal Article |
| id | curtin-20.500.11937-11448 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T06:55:02Z |
| publishDate | 2011 |
| publisher | Taiwan Institute of Business Administration |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-114482017-01-30T11:24:51Z Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia Singhchawla, Wanachan Evans, Robert Evans, John Rajabhat, S. This study investigates whether managerial share ownership serve to enjhance or detract from firm performance in listed companies in Australia. The results support both the 'convergence of interest' and 'entrenchment' hypotheses and therefore, the existence of a non-linear relationship between firm performance and managerial ownership. A cubic relationship is found to exist for Australian data, namely convergence to entrenchment to convergence, with maximum and minimum points occurring at approximately 12% and 58% of executive directors' shareholdings, respectively. 2011 Journal Article http://hdl.handle.net/20.500.11937/11448 Taiwan Institute of Business Administration fulltext |
| spellingShingle | Singhchawla, Wanachan Evans, Robert Evans, John Rajabhat, S. Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia |
| title | Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia |
| title_full | Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia |
| title_fullStr | Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia |
| title_full_unstemmed | Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia |
| title_short | Managerial Alignment versus Entrenchment Effects on Firm Performance in Australia |
| title_sort | managerial alignment versus entrenchment effects on firm performance in australia |
| url | http://hdl.handle.net/20.500.11937/11448 |