Equity Concentration, Agency Costs and Performance of Non-financial Firms Listed on the Saudi Stock Exchange (Tadawul)

2017 ◽  
Vol 18 (2) ◽  
pp. 379-387
Author(s):  
Haitham Nobanee ◽  
Nejla Ould Daoud Ellili ◽  
Jaya Abraham
Keyword(s):  
Panel Data ◽  
Agency Costs ◽  
Stock Exchange ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
Financial Firms ◽  
Proxy Variables ◽  
Robust System ◽  
And Performance ◽  
The Impact

This article examines the association between the equity concentration and agency costs as well as the impact of agency costs on performance of non-financial firms listed on the Saudi Stock Exchange (Tadawul). These relations are examined by using dynamic panel data and a two-step robust system estimation for the period 2010–2013. The study uses three proxy variables to measure agency costs. The results show that the equity concentration has no significant impact on agency costs, and the agency costs have no significant impact on firms’ performance. In addition, the study shows no evidence to support the agency theory in non-financial firms listed on the Saudi Stock Exchange (Tadawul). This study provides a better understanding of the association between equity concentration, agency costs and a firm’s performance.

scholarly journals Connotation among Structure, Conduct, and Performance: A Panel Data Analysis of Selected Financial Firms in Pakistan

2017 ◽  
pp. 78-101
Author(s):  
Muhammad Jamil Et al.,
Keyword(s):  
Panel Data ◽  
Data Model ◽  
Panel Data Analysis ◽  
Positive Association ◽  
Dynamic Panel Data ◽  
Panel Data Models ◽  
Dynamic Panel ◽  
Financial Firms ◽  
And Performance ◽  
The Relationship

The study of Structure, Conduct, and Performance (SCP) paradigm is important to evaluate the performance of firms. The study scrutinizes the relationship among SCP paradigm of selected financial firms (Banks, Insurance, Modaraba and Exchange companies) in Pakistan. Panel data of 103 financial firms of Pakistan from 2007 to 2015 is employed for this purpose. Various models of panel data have been employed to find the more parsimonious one. It is concluded that there is positive association among SCP using panel data models and dynamic panel data model. It is recommended that all firms are needed to enhance their management regarding expenditures and they also need to increase the number of shareholders to boost the firm’s performance

scholarly journals Human Development Convergence and the Impact of Funds Transfer to Regions: A Dynamic Panel Data Approach

2020 ◽  
Vol 7 (12) ◽  
pp. 593-604
Author(s):  
Rah Adi Fahmi GINANJAR ◽  
Vadilla Mutia ZAHARA ◽  
Stannia Cahaya SUCI ◽  
Indra SUHENDRA
Keyword(s):  
Panel Data ◽  
Human Development ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
The Impact

scholarly journals Service Export Sensitivity to Internet Adoption: Evidence From Dynamic Panel Data Analysis

2020 ◽  
Vol 11 (6) ◽  
pp. 259
Author(s):  
Walid Chatti ◽  
Haitham Khoj
Keyword(s):  
Developing Countries ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Developed Countries ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
Internet Adoption ◽  
The Impact ◽  
Dynamic Panel Data Analysis ◽  
Service Export

This study aims to examine the causal linkages relating service exports to internet penetration for 116 countries over the period 2000-2017. Taking into account a wide panel of countries, we apply 2-Step GMM methodology for dynamic panel data models. The results show a bi-directional causality relating service exports to internet adoption for developed countries. For the global panel and developing countries, we find those same results attest a positive relationship between the internet adoption and service exports, but in the opposite way; the impact is very low and not significant. Regarding developing countries, despite the fact that internet positively affects service exports, it is considered less efficient than in developed countries.

The Impact of Chinese Exports on Brazilian and Mexican Exports: A Model Using Dynamic Panel Data

2019 ◽  
pp. 1-17
Author(s):  
Luciane Franke ◽  
Marcos Tadeu Caputi Lélis ◽  
Alexsandro Marian Carvalho ◽  
José Roberto Iglesias
Keyword(s):  
Panel Data ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
The Impact

scholarly journals THE IMPACT OF HEALTHCARE EXPENDITURE AND HEALTHCARE SECTOR GROWTH ON CO2 EMISSION USING DYNAMIC PANEL DATA SYSTEM GMM ESTIMATION MODEL DURING COVID 19 CRISIS

2020 ◽  
Vol 10 (6) ◽  
pp. 235-241
Author(s):  
Irza Hanie Abu Samah ◽  
Intan Maizura Abd Rashid ◽  
Wan Ahmad Fauzi Wan Husain ◽  
Suraiya Ibrahim ◽  
Hariri Hamzah ◽  
...  
Keyword(s):  
Panel Data ◽  
Co2 Emission ◽  
Healthcare Expenditure ◽  
Dynamic Panel Data ◽  
Data System ◽  
Healthcare Sector ◽  
Estimation Model ◽  
Dynamic Panel ◽  
Gmm Estimation ◽  
The Impact

Financial constraints, bank concentration and SMEs: evidence from Pakistan

2015 ◽  
Vol 32 (4) ◽  
pp. 503-524 ◽  
Author(s):  
Abubakr Saeed ◽  
Muhammad Sameer
Keyword(s):  
Financial Constraints ◽  
Market Competition ◽  
Generalized Method Of Moments ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
Financial Reforms ◽  
Content Type ◽  
Financial Firms ◽  
The Impact ◽  
Bank Concentration

Purpose – This paper aims to empirically investigate the impact of bank market concentration of financial constraints on firm investment. Design/methodology/approach – This analysis is based on cross-industries panel of 368 listed Pakistani non-financial firms over the period of 2001-2009. Further, the Generalized Method of Moments estimation technique has been used to estimate the dynamic panel data model. Findings – By applying a dynamic panel analysis, it was found that small- and medium-sized enterprises (SMEs) are financially constrained in the credit market. The main finding indicates that reduction in bank concentration eases financing constraints, and this effect is more pronounced for SMEs. In addition, while testing the firm opacity in this context, results reveal that opaque firms are more financially constrained, and bank market competition is less favourable to the firms with greater opacity. Originality/value – The results, first, assess the efficacy of ongoing financial reforms in Pakistan and, second, offer implications for other economies that exhibit financial development similar to that of Pakistan.

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