Journal of Financial and Quantitative Analysis Vol. 7 No. 1 1972
Control, Size, Growth, and Financial Performance in the Firm
Abstract
A recent study by Larner [11] concluded that the managerial revolution analyzed earlier by Berle and Means [4] was close to completion because a large percentage of the nation's 200 largest nonfinancial corporations was controlled by nonowner managers. This finding makes more significant any substantial differences in financial performance that may exist between owner-controlled and manager-controlled firms, and it increases the potential impact of numerous related theories; for example, see Berle [3], Donaldson [5], Gordon [6, 7 ], Mason [14], Monsen and Downs [16], Williamson [21], and others.
- DOI
- 10.2307/2330065
- Volume
- 7
- Issue
- 1
- Pages
- 1309
- Sources
- crossref openalex