Empirical Analyses

Part of the Contributions to Economics book series (CE)


Endogenous Variable Institutional Investor Minority Shareholder Institutional Ownership Large Shareholder 
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  1. 2.
    For a more detailed elaboration on both tests see Davidson/MacKinnon [1993, Chapter 7.9, pp. 237–240] and Nakamura/Nakamura [1981]. Generally both methods test the ols assumption of a zero correlation between explanatory variables and error terms.Google Scholar
  2. 3.
    See Browne/Cudeck [1993, p. 144] and Steiger [1990].Google Scholar
  3. 4.
    See Arbuckle [1999, pp. 409–411] and Hair et al. [1998, pp. 650–657].Google Scholar
  4. 12.
    See Himmelberg et al. [1999, p. 364].Google Scholar
  5. 44.
    For a non-monotonous relation see for example Brailsford et al. [2002], Chen et al. [1993], Chen/Ho [2000], Cho [1998], Cleary [2000], Cui/Mak [2002], Gugler et al. [2003b], Hermalin/Weisbach [1991], Hubbard/Palia [1995], Kole [1996], Mørck et al. [1988], Mudambi/Nicosia [1998], Short/Keasey [1999], Short et al. [2002a, 1994], Stulz [1988], and Welch [2003].Google Scholar

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© Physica-Verlag Heidelberg 2007

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