MANAGEMENT AND OWNERSHIP IN THE LARGE FIRM

Abstract

The Journal of FinanceVolume 24, Issue 2 p. 299-322 Session Topic: Problems and Progress in the Application of Recent Developments in The Theory of Finance MANAGEMENT AND OWNERSHIP IN THE LARGE FIRM Session Chairman Myron J. Gordon, Session Chairman Myron J. GordonUniversity of Rochester.Search for more papers by this authorWilbur G. Lewellen, Wilbur G. LewellenAssociate Professor of Industrial Management, Purdue University. The research represented y this paper was supported in part by the National Bureau of Economic Research with funds applied by the Life Insurance Association of America and the Rockefeller Brothers' Fund. Support was also provided by the Ford Foundation's grant for research in Business Finance to the loan School of Management at the Massachusetts Institute of Technology. The latter funds were drawn on while the author held a visiting appointment at M.I.T. during the 1966–67 academic year. The computations were performed at the computer centers of M.I.T. and Purdue University. The author is indebted to Professors Daniel M. Holland of M.I.T. and Robert W. Johnson of Purdue for a number of helpful comments on the manuscript. None of the foregoing individuals or organizations are, of course, to be held responsible for the opinions and conclusions presented.Search for more papers by this author Session Chairman Myron J. Gordon, Session Chairman Myron J. GordonUniversity of Rochester.Search for more papers by this authorWilbur G. Lewellen, Wilbur G. LewellenAssociate Professor of Industrial Management, Purdue University. The research represented y this paper was supported in part by the National Bureau of Economic Research with funds applied by the Life Insurance Association of America and the Rockefeller Brothers' Fund. Support was also provided by the Ford Foundation's grant for research in Business Finance to the loan School of Management at the Massachusetts Institute of Technology. The latter funds were drawn on while the author held a visiting appointment at M.I.T. during the 1966–67 academic year. The computations were performed at the computer centers of M.I.T. and Purdue University. The author is indebted to Professors Daniel M. Holland of M.I.T. and Robert W. Johnson of Purdue for a number of helpful comments on the manuscript. None of the foregoing individuals or organizations are, of course, to be held responsible for the opinions and conclusions presented.Search for more papers by this author First published: May 1969 https://doi.org/10.1111/j.1540-6261.1969.tb01684.xCitations: 4 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume24, Issue2May 1969Pages 299-322 RelatedInformation