{"id":"https://openalex.org/W2014096243","doi":"https://doi.org/10.1111/j.1467-6486.1992.tb00676.x","title":"THE IMPACT OF OWNERSHIP AND CAPITAL STRUCTURE ON MANAGERIAL MOTIVATION AND STRATEGY IN MANAGEMENT BUY\u2010OUTS: A CULTURAL ANALYSIS","display_name":"THE IMPACT OF OWNERSHIP AND CAPITAL STRUCTURE ON MANAGERIAL MOTIVATION AND STRATEGY IN MANAGEMENT BUY\u2010OUTS: A CULTURAL ANALYSIS","publication_year":1992,"publication_date":"1992-07-01","ids":{"openalex":"https://openalex.org/W2014096243","doi":"https://doi.org/10.1111/j.1467-6486.1992.tb00676.x","mag":"2014096243"},"language":"en","primary_location":{"id":"doi:10.1111/j.1467-6486.1992.tb00676.x","doi":"https://doi.org/10.1111/j.1467-6486.1992.tb00676.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-6486.1992.tb00676.x","pdf_url":null,"source":{"id":"https://openalex.org/S151705444","display_name":"Journal of Management Studies","issn_l":"0022-2380","issn":["0022-2380","1467-6486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","ki-jl-1","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5001716030","display_name":"Sebastian Green","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I27577105","display_name":"University College Cork","ror":"https://ror.org/03265fv13","country_code":"IE","type":"education","lineage":["https://openalex.org/I27577105"]}],"countries":["IE"],"is_corresponding":true,"raw_author_name":"Sebastian Green","raw_affiliation_strings":["University College, Cork","#N#        University College Cork"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University College, Cork","institution_ids":["https://openalex.org/I27577105"]},{"raw_affiliation_string":"#N#        University College Cork","institution_ids":["https://openalex.org/I27577105"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5001716030"],"corresponding_institution_ids":["https://openalex.org/I27577105"],"apc_list":{"value":4150,"currency":"USD","value_usd":4150},"apc_paid":null,"fwci":4.5161,"has_fulltext":false,"cited_by_count":66,"citation_normalized_percentile":{"value":0.94415488,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"29","issue":"4","first_page":"513","last_page":"535"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9746000170707703,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9746000170707703,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.016899999231100082,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.0017999999690800905,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/management-buyout","display_name":"management buyout","score":0.984000027179718},{"id":"https://openalex.org/keywords/ownership-structure","display_name":"ownership structure","score":0.6399999856948853},{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.9890000224113464},{"id":"https://openalex.org/keywords/managerial-motivation","display_name":"managerial motivation","score":0.824999988079071},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.6330000162124634},{"id":"https://openalex.org/keywords/high-leverage","display_name":"high leverage","score":0.5899999737739563},{"id":"https://openalex.org/keywords/debt-control","display_name":"debt control","score":0.48500001430511475},{"id":"https://openalex.org/keywords/collective-ownership","display_name":"collective ownership","score":0.8090000152587891},{"id":"https://openalex.org/keywords/corporate-control","display_name":"corporate control","score":0.5139999985694885},{"id":"https://openalex.org/keywords/cost-reduction-strategies","display_name":"cost reduction strategies","score":0.7049999833106995},{"id":"https://openalex.org/keywords/organizational-decision-making","display_name":"organizational decision-making","score":0.8379999995231628},{"id":"https://openalex.org/keywords/stakeholder-perspectives","display_name":"stakeholder perspectives","score":0.652999997138977}],"concepts":[{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.709540069103241},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6911453008651733},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5855997204780579},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.5680363178253174},{"id":"https://openalex.org/C31845852","wikidata":"https://www.wikidata.org/wiki/Q899279","display_name":"Management control system","level":3,"score":0.5099908113479614},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.49742844700813293},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.44522613286972046},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.44489824771881104},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.4388169050216675},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.43660420179367065},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.4271267056465149},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4036136865615845},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32641297578811646},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.301285982131958},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.27858829498291016},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2151048183441162},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.13909229636192322},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.133813738822937},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.0},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1467-6486.1992.tb00676.x","doi":"https://doi.org/10.1111/j.1467-6486.1992.tb00676.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-6486.1992.tb00676.x","pdf_url":null,"source":{"id":"https://openalex.org/S151705444","display_name":"Journal of Management Studies","issn_l":"0022-2380","issn":["0022-2380","1467-6486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","ki-jl-1","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Studies","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W1497044435","https://openalex.org/W1513647122","https://openalex.org/W1523143076","https://openalex.org/W1531341052","https://openalex.org/W1566344170","https://openalex.org/W1566858326","https://openalex.org/W1966628283","https://openalex.org/W1969532234","https://openalex.org/W1970110806","https://openalex.org/W1973299456","https://openalex.org/W1983873740","https://openalex.org/W1984144801","https://openalex.org/W1984516631","https://openalex.org/W1989906981","https://openalex.org/W1995175998","https://openalex.org/W1995490325","https://openalex.org/W1996216743","https://openalex.org/W2004027530","https://openalex.org/W2011487370","https://openalex.org/W2011947891","https://openalex.org/W2028771330","https://openalex.org/W2037894668","https://openalex.org/W2056683859","https://openalex.org/W2063327327","https://openalex.org/W2066599086","https://openalex.org/W2074891846","https://openalex.org/W2078705760","https://openalex.org/W2081673700","https://openalex.org/W2087621708","https://openalex.org/W2091956989","https://openalex.org/W2094461494","https://openalex.org/W2095299437","https://openalex.org/W2098201245","https://openalex.org/W2138922050","https://openalex.org/W2152146950","https://openalex.org/W2158692731","https://openalex.org/W2160184254","https://openalex.org/W2160860931","https://openalex.org/W2238060509","https://openalex.org/W2332433940","https://openalex.org/W2340109459","https://openalex.org/W2752617332","https://openalex.org/W2795730405","https://openalex.org/W2915726224","https://openalex.org/W3121131820","https://openalex.org/W3121578726","https://openalex.org/W3134961813","https://openalex.org/W4210266400","https://openalex.org/W4230354434","https://openalex.org/W4231597735","https://openalex.org/W4232446970","https://openalex.org/W4242016886","https://openalex.org/W4244048416","https://openalex.org/W4251899066","https://openalex.org/W4291713241","https://openalex.org/W4298366344","https://openalex.org/W4317647238"],"related_works":["https://openalex.org/W2493463180","https://openalex.org/W1982949149","https://openalex.org/W2370933247","https://openalex.org/W2381343105","https://openalex.org/W1497044435","https://openalex.org/W1479993629","https://openalex.org/W2046619151","https://openalex.org/W2071774249","https://openalex.org/W2081452426","https://openalex.org/W2483386197"],"abstract_inverted_index":{"ABSTRACT":[0],"This":[1],"study":[2],"examines,":[3],"from":[4,95],"a":[5],"cultural":[6],"perspective,":[7],"owner\u2010managers\u2019and":[8],"other":[9],"stakeholders\u2019interpretations":[10],"of":[11,15,45,87],"the":[12,82,91],"partial":[13],"fusion":[14],"ownership":[16,89],"and":[17,29,43,49,57,78,84,90],"control":[18],"through":[19],"high":[20],"leverage":[21],"in":[22,55],"eight":[23],"UK":[24],"management":[25],"buy\u2010outs":[26],"(MBOs).":[27],"Owner\u2010control":[28],"debt\u2010control":[30],"are":[31],"interpreted":[32],"as":[33],"having":[34],"positive":[35],"effects":[36,77],"on":[37,52,74,81],"managerial":[38],"motivation,":[39],"organizational":[40],"decision\u2010making":[41],"processes":[42],"implementation":[44],"cost":[46],"reduction":[47],"strategies":[48],"negative":[50],"ones":[51],"fundamental":[53],"changes":[54],"strategy":[56],"acquisition.":[58],"These":[59],"interpretations":[60],"accord":[61],"broadly":[62],"with":[63],"agency":[64],"theory":[65],"propositions":[66],"but":[67],"show":[68],"that":[69],"owner\u2010managers":[70],"place":[71],"less":[72],"emphasis":[73,80],"wealth":[75],"incentive":[76],"more":[79],"enabling":[83],"facilitating":[85],"roles":[86],"collective":[88],"freedom":[92],"it":[93],"gives":[94],"inappropriate":[96],"corporate":[97],"control.":[98]},"counts_by_year":[{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":17},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}