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Himmelberg, C. P., Hubbard, R. G., & Palia, D. (1997). Understanding the Determinants of Managerial Ownership and the Link between Ownership and Performance—An Investigation of Share Ownership and Corporate Performance. Journal of Financial Economics, 52, 353-384.
https://doi.org/10.1016/S0304-405X(99)00025-2

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