Research Magazine 2016

Executive Takeaways

■ Managerial decisions that do not maximize shareholder wealth lead to lower stock returns. ■ Major stockholders’ actions unfavorable to minor shareholders can lower stock returns.

■ Existence of these two types of agency conflicts in family business firms is identified. ■ A diminished stock price could make the firm a takeover target.

Rajaram Veliyath, Professor, Associate Dean of Research & Graduate Programs

coles.kennesaw.edu

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