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Research ArticleOpen accessPhrase in the titleThe Investigation of the Relationship among Analyst Following, Managerial Ownership and Firm Valuation: From the Perspective of Agency TheoryI. J. ChenIn this study, the relationship among analyst following, managerial ownership and firm valuation is investigated from the perspective of agency theory by using a nonlinear simultaneous equation model. The data from the Taiwan stock market verify the proposed hypotheses with a nonlinear three-stage least-square procedure. The empirical results show that managerial ownership (serving an internal monitoring function) and number of … …Journal of Social Sciences, Vol. 1, Issue 1 · 31 Mar 2005 · 7,031 accessesView PDF Cite

1 article for “analyst following”