influence the performance and capital structure, in this case specifically the leverage, of listed firms in China. The consequence of the capital structure, ownership structure and profitability of China’s many and often immense state-owned enterprises (SOEs) will be considerable, especially as the country’s market economy gains momentum. among institutional ownership, capital structure, and R&D investment for 336 listed IT firms from 2006 to 2009 by using OLS regression model. Empirical evidence shows that there is no significant relationship between institutional ownership and R&D investment. The finding suggests that institutional
Sefidgar, M.(2011), "study of the effect of ownership structure on the performance of listed companies on the Stock Exchange", MS Thesis, Islamic Azad University of Sanandaj. ShaqlaniLor, S. (2012), "capital structure, ownership structure and firm performance", master's thesis, Shahid Beheshti University of Tehran
5. Conclusions. In fact it is crucial nowadays to explore the different factors that affect the capital structure. Actually the aim of the paper is to develop and investigate the determinants affecting capital structure framework, in addition to identify the effects of each of those factors on capital structure.
measure. The total institutional ownership does not show a special relation chance for the individual manager, as large groups of institutional ownership could provide big pressure on a firm's management behaviour. We thus have a positive hypothesis for total institutional ownership to a firm's performance and value.Ownership Structure, Capital Structure and Firm Performance: A Study of Vietnamese Listed Firms Thi Phuong Vy LE A thesis submitted in partial fulfilment of the requirements for the degree of Doctor of Business Administration University of Western Sydney 2015
structure and financial performance and to examine the role of the ownership structure (institutional ownership and managerial ownership) on the effect of the diversification strategy on capital structure and company’s financial performance. Type of this research is quantitative research. The sample used is a non-financial company in ... Focusing on the role of institutional owners, this study poses two related questions: (1) What are the relationships between outside institutional shareholdings, on the one hand, and a firm's capital structure and performance, on the other? and; (2) Does the size of stockholdings by corporate executives, family owners, and insider ...
Abstract. This paper focuses on an important issue, which has generally received less attention in corporate governance literature, being the effect of managerial ownership on the relationship between debt and firm performance.to make sub-optimal decisions. Namazi and Kermani(2008) analyzed the impact of ownership structure on corporate performance of listed companies in Tehran Stock Exchange.the findings of this research indicates that there is a negative relationship and meaningful relationship between institutional ownership and firm performance. performance, corporate capital structure, and corporate ownership structure. Hence, from an econometric viewpoint, to study the relationship between any two of these variables one would need to formulate a system of simultaneous equations that specifies the relationships among these variables.
Abstract Although several studies have focused on diverse aspects of ownership and capital structure, some limitations still exist. First, most previous studies have concentrated on the influence of ownership structure on firm performance, but there is a lack of research about its effect on financing decisions.The present study carried out to examine the relationship between ownership structure, board independence and firm performance of eighty listed firms at KSE for the period of 2005-2009. Performance is evaluated with the help of market based and accounting based performance measures. Marris ratio and Tobin‟s Q are used as estimators of
Foreign Capital and Local Firms: The Effect of Foreign Ownership and Management on Corporate Performance . Abstract: Despite the political sensitivity of foreign capital, existing work on the effect of foreign capital at the firm level is slim. This paper examines the effect of foreign equity ownership and management on firm performance using a ...
institutional context (Wan & Hoskisson, 2003) in shaping the performance consequences of diversification strategies. A firm's capital structure ( i.e. , the relative mix of debt and equity capital) is an importantThis result indicate that intellectual capital can give higher financial performance for the firms. On the other hand, the result found that the positive moderating role of family ownership and institutional ownership on the relationship between IC and firm financial performance.
In contrast, a negative relationship is observed between government ownership and firm performance, implying worse firm performance when government ownership exists. Institutional ownership is also negatively correlated with firm performance. Keywords : Ownership Structure, Board Composition, Corporate Governance, EVA.to make sub-optimal decisions. Namazi and Kermani(2008) analyzed the impact of ownership structure on corporate performance of listed companies in Tehran Stock Exchange.the findings of this research indicates that there is a negative relationship and meaningful relationship between institutional ownership and firm performance.
The most important results of the study include: there is a positive relationship for the capital structure and institutional ownership to improve the financial performance at Jordanian real ...