6th Luxembourg Workshop on Household Finance and ConsumptionVon Lilienfeld-Toal, Ulf ![]() Conference given outside the academic context (2018) Detailed reference viewed: 148 (0 UL) Technology-enhanced Data Analytics: Data Quantity vs Data QualityVon Lilienfeld-Toal, Ulf ![]() Speeches/Talks (2018) Detailed reference viewed: 157 (1 UL) 1st LTI@UniTo Asset Pricing ConferenceVon Lilienfeld-Toal, Ulf ![]() Speeches/Talks (2018) Detailed reference viewed: 115 (1 UL) Identifying the Benefits from Home Ownership:A Swedish ExperimentVon Lilienfeld-Toal, Ulf ; ; et alPresentation (2017, April 04) Detailed reference viewed: 155 (1 UL) Identifying the Benefits from Home Ownership:A Swedish ExperimentVon Lilienfeld-Toal, Ulf ; ; et alScientific Conference (2017) Detailed reference viewed: 133 (4 UL) Identifying the Benefits from Home Ownership:A Swedish ExperimentVon Lilienfeld-Toal, Ulf ; ; et alScientific Conference (2016, December) Detailed reference viewed: 150 (1 UL) How Did the US Housing Slump Begin? Role of the 2005 Bankruptcy Reform -Von Lilienfeld-Toal, Ulf ; Presentation (2016, January 27) Detailed reference viewed: 130 (0 UL)![]() Gerzensee Corporate Finance weekVon Lilienfeld-Toal, Ulf ![]() Scientific Conference (2015, July) Detailed reference viewed: 99 (2 UL) University of ZürichVon Lilienfeld-Toal, Ulf ![]() Presentation (2015, April) Detailed reference viewed: 72 (0 UL) Seminar Imperial College LondonVon Lilienfeld-Toal, Ulf ![]() Presentation (2015, April) Detailed reference viewed: 81 (0 UL) A General Equilibrium Analysis of Personal Bankruptcy Law.Von Lilienfeld-Toal, Ulf ; in Economica (2015) Detailed reference viewed: 384 (12 UL) CEO Ownership, Stock Market Performance, and Managerial DiscretionVon Lilienfeld-Toal, Ulf ; in Journal of Finance (2014) We examine the relationship between CEO ownership and stock market performance. A strategy based on public information about managerial ownership delivers annual abnormal returns of 4% to 10%. The effect ... [more ▼] We examine the relationship between CEO ownership and stock market performance. A strategy based on public information about managerial ownership delivers annual abnormal returns of 4% to 10%. The effect is strongest among firms with weak exter- nal governance, weak product market competition, and large managerial discretion, suggesting that CEO ownership can reverse the negative impact of weak governance. Furthermore, owner-CEOs are value increasing: they reduce empire building and run their firms more efficiently. Overall, our findings indicate that the market does not correctly price the incentive effects of managerial ownership, suggesting interesting feedback effects between corporate finance and asset pricing. [less ▲] Detailed reference viewed: 385 (22 UL) |
||