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We investigate whether ownership concentration influences bank profitability in a developing country context. We focus …
Persistent link: https://www.econbiz.de/10011862267
profitability in comparison to their counterparts. We would argue that an intensified agency problem and lack of entrepreneurial … spirit might be the root of the profitability problem. …
Persistent link: https://www.econbiz.de/10011820303
examines the determinants of profitability in different firm ownership structures and how different ownership structures impact … the profitability of listed firms between 2003 and 2013, using pooled annual data of 23 Ghanaian listed firms. Employing a … number of static models (OLS, Random Effects and 3 Stage Least Squares), we find evidence that while profit determinants vary …
Persistent link: https://www.econbiz.de/10012866946
structure of ownership on corporate performance, measured by profitability, using data for 175 Greek listed firms. Following … findings suggest that a more concentrated ownership structure positively relates to higher firm profitability. We also find … that higher firm profitability requires a less diffused ownership …
Persistent link: https://www.econbiz.de/10013404611
Using average performance measures – as the literature does - to investigate the relation between ownership structure and performance suffers from severe drawbacks. We propose a marginal Tobin's q and argue for its superiority
Persistent link: https://www.econbiz.de/10013106460
Using a large panel of Chinese listed companies over the period 2004-2010, we document that both export propensity and intensity increase with managerial ownership up to a point of around 23%-27%, and decrease thereafter. In addition, we find a negative association between state ownership and...
Persistent link: https://www.econbiz.de/10013014387
In recent years, there has been an increasing interest in assessing the effectiveness of corporate governance in China. This paper examines the impact of internal governance mechanisms such as ownership structure and board characteristics and debt financing on agency costs making use of a large...
Persistent link: https://www.econbiz.de/10012894146
When public institutions do not support information disclosure and contract enforcement, controlling owners may compensate by setting up ownership networks that facilitate the exchange of resources and alignment of interests. We examine how firms' controlling owners draw power from ownership...
Persistent link: https://www.econbiz.de/10012937095
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