Ownership Structure of Publicly Traded Newspaper Companies and Their Financial Performance
This study examined the effects of ownership structure on the financial performance of publicly traded newspaper companies. The results showed that the level of institutional ownership in a year was negatively associated with the subsequent year's profitability, as measured by return on equity and return on assets. Increased insider ownership in a given year was followed by decreased debt-to-equity ratio in the next year. Agency theory and financial control theory were discussed.
Year of publication: |
2006
|
---|---|
Authors: | An, Soontae ; Jin, Hyun Seung ; Simon, Todd |
Published in: |
Journal of Media Economics. - Taylor & Francis Journals, ISSN 0899-7764. - Vol. 19.2006, 2, p. 119-136
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Ownership structure of publicly traded newspaper companies and their financial performance
An, Soontae, (2006)
-
Beliefs of and attitudes toward political advertising : an exploratory investigation
Jin, Hyun Seung, (2009)
-
Beliefs of and attitudes toward political advertising: An exploratory investigation
Jin, Hyun Seung, (2009)
- More ...