Notice of RetractionEmpirical Studies on Influences of Managerial Ownership on Firm Performance: On the View of Management Buyout

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The thesis examines the relationship between managerial ownership and firm performance for 66 samples of Chinese public State-owned enterprises (SOEs) privatized by doing Management Buyout (MBO) over the period from 1997 to 2009.The empirical results indicate that managerial ownership has a negative effect on firm performance. It also finds that firms with high managerial ownership exhibit a worse performance decline. The firms which are under High-low percentage managerial ownership provide a positive effect on OROA, NROA and Tobin´s Q surprisingly. The relationship between managerial ownership and firm performance which occurs at High-low levels of managerial ownership experiences better performance compared to High and Low level.