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Development Of Ownership Structure And Its Effect On Performance
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Book Synopsis Corporate Governance and Its Implications on Accounting and Finance by : Alqatan, Ahmad
Download or read book Corporate Governance and Its Implications on Accounting and Finance written by Alqatan, Ahmad and published by IGI Global. This book was released on 2020-09-25 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Development of Ownership Structure and Its Effects on Performance by : Eržen Kočenda
Download or read book Development of Ownership Structure and Its Effects on Performance written by Eržen Kočenda and published by . This book was released on 2001 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Development of Ownership Structure and Its Effects on Performance by : Evžen Kočenda
Download or read book Development of Ownership Structure and Its Effects on Performance written by Evžen Kočenda and published by . This book was released on 2001 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Development of Ownership Structure and Its Effect on Performance by : Evžen Kočenda
Download or read book Development of Ownership Structure and Its Effect on Performance written by Evžen Kočenda and published by . This book was released on 2002 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ownership Structure and Corporate Performance by : Katinka Wölfer
Download or read book Ownership Structure and Corporate Performance written by Katinka Wölfer and published by Europäische Hochschulschriften / European University Studies / Publications Universitaires Européennes. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book illustrates that the impact of ownership on firm value depends not only on the concentration of ownership but also on the identity of blockholders. Large shareholders can use their power to influence corporate performance. However, owners are no homogenous group and have different motivations and abilities.
Book Synopsis Corporate Governance, Ownership Structure and Firm Performance by : Hoang N. Pham
Download or read book Corporate Governance, Ownership Structure and Firm Performance written by Hoang N. Pham and published by Routledge. This book was released on 2022-01-24 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis choice of ownership structure and firm performance by : derek c. jones, panu kalmi and niels mygind
Download or read book choice of ownership structure and firm performance written by derek c. jones, panu kalmi and niels mygind and published by . This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Firm Ownership Structure and Its Impact on Corporate Financial Performance by : Benedikt Emanuel Maissenhälter
Download or read book Firm Ownership Structure and Its Impact on Corporate Financial Performance written by Benedikt Emanuel Maissenhälter and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on existing theoretical and empirical research, as well as on logically derived thoughts on the potential impact of ownership on performance, a conceptual model is developed. Using a panel data set of large German firms in the period 1997-2011, the empirical analysis tests the conceptual model and can validate several hypotheses. Valuable findings enable an extension an refinement of the original empirical model. The thesis ends with concluding remarks and several ideas for further research.
Book Synopsis Ownership Structure and Company Performance by : JIAYIN. ZHENG
Download or read book Ownership Structure and Company Performance written by JIAYIN. ZHENG and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Ownership Structure and Company Performance: the Case of Listed Real Estate Companies in Mainland China" by Jiayin, Zheng, 郑嘉吟, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Although Chinese economy has been growing remarkably, the development of the institutional, legal infrastructure and financial system remains a numbers of distinctive characteristics (Allen et al., 2004). One of the unique features is the dominance role of the government as shareholder of corporations, even for those listed on the stock exchange. This paper investigates empirically the impact of this significant characteristic on company performance. In particular, this dissertation presents an empirical study of the relationship between ownership structure and the company performance of listed property companies in China. Previous theoretical and empirical studies suggest government ownership is detrimental to company performance. Estrin and Perotin (1991) propose that corporations with the government as ultimate owner and/or with a large stake of government shareholding may not pursue profit maximization objective since the government tends to focus on its political objectives rather than the economic ones. Consequently, the firm performance in such government-related publicly listed firms will be inferior. Moreover, Shleifer and Vishny (1998) show that private ownership is preferable to state ownership because the government has a 'grabbing hand' that expropriates firm assets for the benefit of politicians and bureaucrats. However, the impact of state ownership on property company performance in China is more complicated and may not be always be negative due to (1) state owned company usually have better access to cheaper credit offered by major state banks; (2) state owned companies may be able to acquire development rights and can go through the development approval process more smoothly; (3) weaker institutions for protecting small investors in Mainland China's as it is still a less developed equity market; (4) the government may have motive to demonstrate the efficiency of companies that the government has a major stake. By separating property companies into two groups according to the place of listing, namely Mainland listed group and Hong Kong listed group, based on a more recent panel data including 170 real estate firms between 2006 and 2011, this dissertation generates several distinctive results. Firstly, tradable ownership concentration has a significant positive effect on firm performance. Secondly, by separating the property companies into two groups, I found an initial positive but non-linear impact of state ownership on firm performance in Mainland listed property companies; whereas an initial negative but non-linear impact is found in those listed in Hong Kong. However, when the state's stake of shares is relative large, the positive impact outweighs the negative impact in Mainland China. This is because the investor protection rules and regulations and their enforcement are relatively weak in Mainland China, the government shareholder can act as private block-holder and provide effective monitor on management in solving the traditional agency problems. This is not the case in Hong Kong where the market is more transparent and the interests of small investors are better protected. When the state owns a sufficiently large percentage of the shares, the relationship between state ownership and firm performance becomes positive for both groups. This empirical result suggests that the positive impact of
Book Synopsis Corporate Governance and Organisational Performance by : Naeem Tabassum
Download or read book Corporate Governance and Organisational Performance written by Naeem Tabassum and published by Springer Nature. This book was released on 2020-06-28 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Establishing a corporate governance strategy that promotes the efficient use of organisational resources is instrumental in the economic growth of a country, as well as the successful management of firms. This book reviews existing literature and identifies board structural features as key variables of an effective corporate governance system, establishing a multi-theoretical model that links Board structural characteristics with firm performance. It then, using a comprehensive empirical study of 265 companies listed on the Karachi Stock exchange, tests this conceptual model. This research serves as a significant milestone, reflecting the socio-economic setting of emerging economies, and highlighting the need for the corporate sector in emerging markets to move away from a 'tick-box' culture. It argues that the sector needs to implement corporate governance as a tool to mitigate business risks; appoint and empower non-executive directors to achieve an effective monitoring of management; and establish their own ethical and governance principles, applicable to the Board of Directors. Based on an extensive data base, collected painstakingly over five years, this book offers new insights and conceptual framework for further research in this area. Given the breadth and width of the research, it is a useful source of future reference for students, researchers and policy makers.
Book Synopsis The External Control of Organizations by : Jeffrey Pfeffer
Download or read book The External Control of Organizations written by Jeffrey Pfeffer and published by Stanford University Press. This book was released on 2003 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Ownership Structure and Firm Performance by : Entela Fico Shehaj
Download or read book Ownership Structure and Firm Performance written by Entela Fico Shehaj and published by LAP Lambert Academic Publishing. This book was released on 2010-07 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Irrespective of the method of privatisation used, ownership has become more concentrated over time in Albanian firms. The underdeveloped corporate governance mechanisms created a primary role for ownership concentration as the main vehicle by which owners could exercise control over managers. The empirical analysis in this thesis shows that certain firm characteristics have a significant impact on the evolution of ownership structure. The analysis on the impact of ownership structure on the performance of privatised firms in Albania do not provide support for the conventional view that ownership concentration has a positive effect on firm performance. However, firm characteristics other than ownership concentration may explain the variation in the performance of these firms suggesting that owners choose the level of concentration which best suits their value maximisation objective. The overall analysis concludes with certain policy implications mostly related to a functional stock exchange, strengthening judicial system and law enforcement and the creation of an agency to maintain information on the financial performance of firms.
Book Synopsis Empirical Study on Ownership Structure and Firm Performance by : Arunima Haldar
Download or read book Empirical Study on Ownership Structure and Firm Performance written by Arunima Haldar and published by . This book was released on 2018 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Impact of Ownership Structure and Executive Team Composition on Firm Performance by : Eva M. Meyerson
Download or read book The Impact of Ownership Structure and Executive Team Composition on Firm Performance written by Eva M. Meyerson and published by Coronet Books. This book was released on 1992 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a survey of 29 public companies conducted in 1980-1988.
Book Synopsis Ownership Structure, Corporate Governance, and Corporate Performance: The Case of Chinese Stock Companies by : Yan Wang
Download or read book Ownership Structure, Corporate Governance, and Corporate Performance: The Case of Chinese Stock Companies written by Yan Wang and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1997 Does the ownership structure of publicly listed firms in China affect their performance? Yes. Institutional shareholders seem to have a positive impact on corporate governance and performance; state ownership seems to lead to inefficiency; and an overly dispersed ownership structure can create problems in the Chinese setting. Xu and Wang investigate whether ownership structure significantly affects the performance of publicly listed firms in China and if so, in what way. With public listed stocks, one can quantify the ownership mix and concentration, which makes it possible to study this issue. The authors use the recent literature on the role of large institutional shareholders in corporate governance as a theoretical base. A typical listed stock company in China has a mixed ownership structure, with three predominant groups of shareholders- state, legal persons (institutions), and individuals- holding about 30 percent of the stock. (Employees and foreign investors together hold less than 10 percent.) Ownership is heavily concentrated: the five largest shareholders accounted for 58 percent of outstanding shares in 1995, compared with 57.8 percent in the Czech Republic, 42 percent in Germany, and 33 percent in Japan. Their empirical analysis shows that the mix and concentration of stock ownership do indeed significantly affect a company's performance: * There is a positive, significant correlation between concentration of ownership and profitability. * The effect of concentrated ownership is greater with companies dominated by institutions than with those dominated by the state. * The firms' profitability is positively correlated with the fraction of legal person (institutional) shares; it is either negatively correlated or uncorrelated with the fraction of state shares and with tradable A-shares held mostly by individuals. * Labor productivity tends to decline as the proportion of state shares increases. This paper- product of the Office of the Director, Economic Development Institute- part of a larger effort in the Bank to understand and disseminate various models of corporate governance. The study was funded by the Bank's Research Support Budget under the research project Ownership Structure, Corporate Governance, and Firm's Performance (RPO 681-08).
Book Synopsis Advances in Financial Economics by : Kose John
Download or read book Advances in Financial Economics written by Kose John and published by Emerald Group Publishing. This book was released on 2013-12-18 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 :Temesgen Kabeta, Manduku Daniel Ogwoka, Damaris W. W. Muhika, Zulekha Ndurukia, Fredrick Kiprop Lagat Publisher :AJPO Journals USA LLC ISBN 13 :9914745520 Total Pages :172 pages Book Rating :4.9/5 (147 download)
Book Synopsis Ownership Structure Effects on Financial Performance by : Temesgen Kabeta, Manduku Daniel Ogwoka, Damaris W. W. Muhika, Zulekha Ndurukia, Fredrick Kiprop Lagat
Download or read book Ownership Structure Effects on Financial Performance written by Temesgen Kabeta, Manduku Daniel Ogwoka, Damaris W. W. Muhika, Zulekha Ndurukia, Fredrick Kiprop Lagat and published by AJPO Journals USA LLC. This book was released on 2023-02-08 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: TOPICS IN THE BOOK Review of Microfinance and Women Empowerment in Ethiopia Influence of Ethical Investor Relations on the Financial Performance of Listed Firms in Kenya Influence of Tax Compliance Requirement on Formalizing Small and Medium Enterprises in Kenya The Determinants of Demand for Micro Insurance Services in Kenya Effects of the Ownership Structure on the Relationship between Risk Management Practices and Financial Performance of Financial Institutions in Kenya
