Here is the synopsis of our sample research paper on Analyzing Research Article. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
5 pages in length. The research is being conducted as a means by which to determine the connection between a firm's market valuation and management ownership. The missing link the authors attempt to identify is if there is a difference in a company's tendency to rise or fall in valuation and why one owner would have more of an impact than the other. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCAnalRchArt.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
to identify is if there is a difference in a companys tendency to rise or fall in valuation and why one owner would have more of an impact than the
other; as such, they suggest a new theory of how "management can indulge in non-marketable perquisite consumption at the expense of outside shareholders" (Lee et al, 2003). II. SPECIFIC
RESEARCH QUESTIONS The specific research questions include how much voting power might a manager have to wield; how attached are outside directors as
compared with their counterparts; and how much of an impact does placing a founding family member as a top officer have upon the entrenchment of a management team. III.
UNDERLYING THEORETICAL FRAMEWORK The authors initially note how the ambiguous nature of guesstimating assets, market valuation and ownership does not lend itself to being examined solely by virtue of theoretical
aspects, so they also employ descriptive data analysis as a way in which to fill the void of "relatively little guidance" (Morck et al, 1988, p. 294) theoretical approach provides.
The authors measure their assumed performance via Tobins Q by drawing upon the "cross-sectional relationship between ownership and value" (Morck et al, 1988, p. 296) to establish the predictable
influence of value versus ownership. The equation for Tobins Q used in firm valuation is "equal to the ratio of the firms market value to the replacement cost of
its physical assets" (Morck et al, 1988, p. 296). The equation for evaluating piecewise linear regression incorporates "fairly tightly parametrized specifications" (Morck et al, 1988, p. 298) by which
the authors allowed for "two changes in the slope coefficient on board ownership" (p. 298). Moreover, the authors assume market valuation and the boards ownership is "independent of who
...