Why is managerial ownership not always value improving?

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Fundamentals of Corporate Finance

ISBN: 978-0321818171

2nd Canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Jan 08, 2019 10:59 AM

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Why is managerial ownership not always value improving?

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Besides increasing managers risk exposure increasing the sensitivity of managerial pay and wealth to ...View the full answer

Fundamentals of Corporate Finance

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