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The moderating effect of environmental dynamism on the ownership and performance relationship
Author(s) -
Li Mingfang,
Simerly Roy L.
Publication year - 1998
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/(sici)1097-0266(199802)19:2<169::aid-smj939>3.0.co;2-2
Subject(s) - dynamism , business , industrial organization , quantum mechanics , physics
Agency theory posits a positive relationship between insider ownership and organizational performance. Past empirical studies examining this issue have not firmly established this relationship. The current study postulates and tests the moderating effect of environmental dynamism on the insider ownership and performance nexus. Implications and future research directions are considered. © 1998 John Wiley & Sons, Ltd.