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Equity holdings and the financial performance of managed care firms

Jessie L. Tucker III (Dr. Jessie L. Tucker III, FACHE, CFM Associate Professor, Baylor University, Waco, Texas, USA)
Patricia E. Kennedy‐Tucker (Patricia E. Kennedy‐Tucker, M.S., M.B.A. Associate Examiner, Office of the Comptroller of the Currency, U.S. Department of the Treasury, Washington, D.C., USA)

Management Research News

ISSN: 0140-9174

Article publication date: 1 June 2004

Abstract

Agency theory, stewardship theory, the legalistic perspective and the substitution hypothesis have served as central themes of corporate governance research. Using this theoretical foundation, this study investigates the relationship between the equity ownership structure and performance of managed care firms. Results suggest that CEO stock options as a percentage of outstanding shares is negatively associated with some aspects of firm performance but that blockholder equity ownership appears to have an insignificant impact on firm performance.

Keywords

Citation

Tucker, J.L. and Kennedy‐Tucker, P.E. (2004), "Equity holdings and the financial performance of managed care firms", Management Research News, Vol. 27 No. 6, pp. 1-10. https://doi.org/10.1108/01409170410784158

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited