The Relationship Between Ownership Structure And Firm Performance
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Author | : Alqatan, Ahmad |
Publisher | : IGI Global |
Total Pages | : 425 |
Release | : 2020-09-25 |
Genre | : Business & Economics |
ISBN | : 1799848531 |
After the global financial crisis, the topic of corporate governance has been gaining momentum in accounting and finance literature since it may influence firm and bank management in many countries. Corporate Governance and Its Implications on Accounting and Finance provides emerging research exploring the implications of a good corporate governance system after global financial crises. Corporate governance mechanisms may include board and audit committee characteristics, ownership structure, and internal and external auditing. This book is devoted to all topics dealing with corporate governance including corporate governance characteristics, board diversity, CSR, big data governance, bitcoin governance, IT governance, and governance disclosure, and is ideally designed for executives, BODs, financial analysts, government officials, researchers, policymakers, academicians, and students.
Author | : Hoang N. Pham |
Publisher | : Routledge |
Total Pages | : 190 |
Release | : 2022-01-25 |
Genre | : Business & Economics |
ISBN | : 1000540278 |
The relationship between ownership structure and firm performance has been studied extensively in corporate finance and corporate governance literature. Nevertheless, the mediation (path) analysis to examine the issue can be adopted as a new approach to explain why and how ownership structure is related to firm performance and vice versa. This approach calls for full recognition of the roles of agency costs and corporate risk-taking as essential mediating variables in the bi-directional and mediated relationship between ownership structure and firm performance. Based on the agency theory, corporate risk management theory and accounting for the dynamic endogeneity in the ownership–performance relationship, this book develops two-mediator mediation models, including recursive and non-recursive mediation models, to investigate the ownership structure–firm performance relationship. It is demonstrated that agency costs and corporate risk-taking are the ‘missing links’ in the ownership structure–firm performance relationship. Hence, this book brings into attention the mediation and dynamic approach to this issue and enhances the knowledge of the mechanisms for improving firm’s financial performance. This book will be of interest to corporate finance, management and economics researchers and policy makers. Post-graduate research students in corporate governance and corporate finance will also find this book beneficial to the application of econometrics into multi-dimensional and complex issues of the firm, including ownership structure, agency problems, corporate risk management and financial performance.
Author | : Katarzyna Piela |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 100 |
Release | : 2014-05-29 |
Genre | : |
ISBN | : 9783659534768 |
The available literature encourages to study the relation between the ownership structure and the company efficiency in various contexts. This work is devoted to the analysis of the ownership structure of the companies included by Dow Jones U.S. Airlines Index in the period from 2008 to 2012. In detailed studies were used various profitability indicators, such as ROA, ROE, ROI. Moreover, the less popular indicator of the efficiency of the use of assets, Asset Turnover, was introduced. Tobin's Q ratio was also used. The companies owned by Dow Jones U.S. Airlines are in majority characterized by the ownership structure with the significant number of institutional owners, which is why the conclusions and the final views are mostly focused on this particular group of owners.
Author | : Jeffrey P. Katz |
Publisher | : |
Total Pages | : 234 |
Release | : 1995 |
Genre | : |
ISBN | : |
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 78 |
Release | : 2011-07-01 |
Genre | : |
ISBN | : 9264116052 |
This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.
Author | : Arunima Haldar |
Publisher | : |
Total Pages | : 8 |
Release | : 2018 |
Genre | : |
ISBN | : |
Researchers have come up with varied assertions with regard to the relationship between ownership structure and firm performance. Positive as well as negative relationships at differing levels of equity holdings by managers have been suggested by researchers leading to inconclusive results. Findings suggests that promoter controlled firm's performance is better than manager controlled ones, but empirical assertion for the same has been lacking in developing countries. This research focuses on investigating empirically the efficacy of ownership groups in enhancing corporate performance in India, a developing nation. The study analyzes large cap firms (BSE 500) for the period 2000-2008 using fixed effect technique by taking into account both accounting as well as market based measures of performance. Findings suggest that promoter's are the major contributors in the firm performance whereas non promoter's hinders the firm performance.
Author | : derek c. jones, panu kalmi and niels mygind |
Publisher | : |
Total Pages | : 52 |
Release | : 2003 |
Genre | : |
ISBN | : |
Author | : Jeffrey Pfeffer |
Publisher | : Stanford University Press |
Total Pages | : 336 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 080474789X |
This work explores how external constraints affect organizations and provides insights for designing and managing organizations to mitigate these constraints. All organizations are dependent on the environment for their survival. It contends that it is the fact of the organization's dependence on the environment that makes the external constraint and control of organizational behaviour both possible and almost inevitable. Organizations can either try to change their environments through political means or form interorganizational relationships to control or absorb uncertainty.
Author | : Kose John |
Publisher | : Emerald Group Publishing |
Total Pages | : 269 |
Release | : 2013-12-18 |
Genre | : Business & Economics |
ISBN | : 1783501219 |
Advances in Financial Economics Vol. 16 contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives.
Author | : Stijn Claessens |
Publisher | : |
Total Pages | : 36 |
Release | : 2002 |
Genre | : Capital market |
ISBN | : |
This paper investigates the benefits and associated agency costs of using internal capital markets through affiliating with groups using data of two thousand firms from nine East Asian economies between 1994-96. We find that mature and slow-growing firms with ownership structures more likely to create agency problems gain more from group affiliation, while young and high-growth firms more likely lose. Agency problems are important explanatory factors of firm value in economies outside Japan, but less so in Japan. Consistent with the literature, financially-constrained firms benefit from group affiliation. Our results are robust to different time periods and estimation techniques.