Ownership structure has impacts on a firm's performance and its default risk however, there is need to emphasize that the empirical studies of the relationship between firm performance and. 2 they lay more emphasis on how capital structure impacts on the ownership/governance structure thereby influencing top management of the firms. This paper examines the impact of ownership structure on stock returns of 150 companies listed on bursa malaysia in 2008 ownership structure is characterized by insider ownership and concentrated ownership stock return is represented by stock return index. The main purpose of the study is to examine the impact of ownership structure and tax rate on capital structure of the listed companies in tehran stock exchange there are 74 firms as samples of the study. Ownership structure in this study uses managerial share ownership and institutional ownership, in which the company having go public status, the management is separated into two becoming institutional ownership and managerial ownership functions [15.
Costs, ownership structure is considered to be one of the core governance mechanisms along with others such as, debt structure, board structure, incentive-based compensation structure, dividend structure, and external auditing. Impact of shareholding on financing decisions has also been examined by using managerial shareholding and institutional shareholding similarly influence of controlled variables like firm size and profitability on firms' financing mechanism is also investigated. This piece of work examines the relationship between ownership structure via the separation of cash flow and voting right and its impact on executive compensation in swedish list companies.
The current study explores the impact of ownership structure on capital structure in textile sector and rest of the manufacturing sectors (non-textile) in pakistan using regression analysis with fixed effect model. Goal: in this paper, we investigate the impact of the organizational structure of test owners on the reliability and effectiveness of the corresponding test cases prior empirical research on organizational structure has focused only on developer activity. Ownership structure may affect dividend policy and the data unavailability for earlier periods in turkey, the paper cannot make comparison between the pre-and post-2003 periods nevertheless, this paper.
Though studies have examined the impact of ownership structure on the extent of voluntary disclosure, there is still a need to investigate the issue in the pacific island countries, such as fiji the ownership structure of the companies in fiji is highly concentrated. Thus, the impact of ownership structure on firm performance has been widely tackled in various developed markets and more recently in emerging markets, but was less discussed before, in india in recent changing environment. And also this study investigated the impact of ownership portion of the largest owner and the other controlled variables on the firm performance of selected listed companies in sri lanka. The effect of ownership structure on firm performance ownership structure, as one dimension of corporate governance, is believed to influence firm performance through its influence on the principal-agent relationships. Insider ownership, concentrated ownership, incentive structure for managers, having outside directors on the board are few options that firms use to monitor the management, and /or align its goal with that of shareholders so that the agency cost of equity can be reduced.
Industry) firm equity ownership has a significant impact on firm capital structure (hewa wellalage and locke, 2011 pindado and torre, 2011) managerial share ownership is widely used in small business as a mechanism to. Structures of firms with different pre-liberalization ownership structures post-liberalization, all firms will move along the financing hierarchy but not necessarily in a homogeneous way. The impact of test ownership and team structure on the reliability and effectiveness of quality test runs kim herzig microsoft research cambridge, uk.
Nterest on the effect of ownership structure and financial performance has grown much, yet researchers have provided mixed results this study aims at investigating the relationship between state-owned and joint venture type of ownership structures by testing whether or not there is a difference in their performance. Ownership structure on the financial structure of uk firms their results revealed that there exists positive relationship between management ownership and leverage ratio whereas negative relationship was. Abstract relatively little research has examined the effects of ownership on the firms' corporate social responsibility (csr) in addition, most of it has been conducted in the western context such as the us and europe.
In sum, as described above, research on the effect of ownership on content yields mixed results even in the same definition of diversity, and even by the same perspectives however, generally researchers on positive effect are focused on program (or product. The aim of this paper is to examine effects of managerial and family ownership structure on the company performance the sample consists of four hundred and twenty companies listed on bursa malaysia for the year from 2003 to 2007. Foreign share ownership foreign ownership refers to the percentage of foreign owners out of the total capital shares directors and their families divided by the total capital shares of the firm foreign ownership has important impact on the dividend policy of the concerned firm.