There exists a positive significant relationshipbetween the firm value and blockholders. Three regression models areestimated for the relationship of ownership structure corporate leverage andfirm’s value. There empirical results suggested that leverage and Tobin’s Qhas negatively related with managerial share ownership (MSO) while thesecond equation suggests that Tobin’s Q has negative relation with leverage,managerial share ownership square (MSO2) while positively related withmanagerial share ownership (MSO). The third equation suggests that leverageis positively related with Tobin’s Q while negatively related with managerialshare ownership (MSO).thus it has verified that corporate ownershipdetermined corporate leverage and corporate leverage has direct impact on thefirm value.
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