scholarly journals Ownership Structure and Firm Performance

2020 ◽  
Vol 11 (2) ◽  
pp. 293
Author(s):  
Gholamreza Zandi ◽  
Jaspal Singh ◽  
Shafi Mohamad ◽  
Syed Ehsanullah
Keyword(s):  
Firm Performance ◽  
Empirical Evidence ◽  
Ownership Structure ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Rate Of Return ◽  
Managerial Ownership ◽  
Ownership Structures ◽  
Sample Data ◽  
Accounting Rate

This study implies that diffuse ownership structure negatively affects firm performance. Our study based on empirical evidence found that the ownership structure (the outsider and the insider i.e. managerial ownership) favorably increase the firm performance. Our sample data was based on 200 Malaysian companies listed on the Malaysian stock exchange Bursa Malaysia. We used Tobin’s Q and accounting rate of return for firm performance measurement and compared it with important ownership structure and managerial ownership structure. Our results indicate that both ownership structures have a positive relationship with firm performance.

scholarly journals Does ownership structure affect firm performance? Evidence from Nigerian listed companies

2011 ◽  
Vol 9 (1) ◽  
pp. 503-513
Author(s):  
Ioraver N. Tsegba ◽  
Joseph K. Achua
Keyword(s):  
Firm Performance ◽  
Ownership Structure ◽  
Stock Exchange ◽  
Foreign Ownership ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Insider Ownership ◽  
Ownership Structures ◽  
Concentrated Ownership ◽  
The Relationship

This paper examines the relationship between ownership structure and firm performance from the perspective of listed Nigerian companies. The sample comprises 73 companies listed on the Nigerian Stock Exchange for which relevant financial data is available for the period 2001 to 2007. The empirical results obtained through ordinary least squares (OLS) analysis provide evidence which suggests that dominant shareholding, ownership concentration, and foreign ownership structures have no significant effect on firm performance. However, insider ownership is inversely related to firm performance. Two major policy implications emerge from the results of this study. First, since ownership structures such as, dominant shareholding, concentrated ownership, and foreign ownership have no significant effect on firm performance, government emphasis on them is misplaced. Second, insider ownership of Nigerian firms is to be monitored closely by shareholders due to the adverse effect of this ownership structure on firm performance.

scholarly journals Leverage, Ownership Structure and Firm Performance: Evidence from Karachi Stock Exchange

2015 ◽  
Vol 2 (2) ◽  
pp. 1-7
Author(s):  
Adnan Ali ◽  
Attaullah Shah ◽  
Farzand Ali Jan
Keyword(s):  
Firm Performance ◽  
Ownership Structure ◽  
Stock Exchange ◽  
Performance Measure ◽  
Managerial Ownership ◽  
Return On Assets ◽  
Control Variables ◽  
Simple Regression Analysis ◽  
Using Data ◽  
The Relationship

This study aims to investigate the relationship between the ownership structure and firm performance. The study uses two performance measures i.e. market-based performance measure (Tobin’s Q) and accounting-based performance measure (return on assets (ROA)) as dependent variables and ownership proxies and other control variables as independent variables whereas leverage is used as moderating variable. The ownership proxies include the managerial ownership and institutional ownership while the control variables include the size of the firm, the coefficient of variation, and growth. This study has used simple regression analysis while using data of 355 firms listed on Karachi Stock Exchange (KSE) for the years 2003 to 2008. The results show that the ownership structure has significant relationship with the market-based performance measure, while it has insignificant relationship with the accounting-based performance measure. Moreover, the leverage has no moderating effect on the relationship between ownership structure and firm performance

STRUKTUR KEPEMILIKAN DAN NILAI PERUSAHAAN: (STUDI PADA PERUSAHAAN MANUFAKTUR YANG LISTING DI BURSA EFEK INDONESIA)

Jurnal Varian ◽  
2018 ◽  
Vol 1 (2) ◽  
pp. 41-49
Author(s):  
Restu Fahdiansyah ◽  
Jihadil Qudsi ◽  
Adam Bachtiar
Keyword(s):  
Ownership Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Agency Problems ◽  
Institutional Ownership ◽  
Shareholder Wealth ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Ownership Structures ◽  
Company Value

The purpose of company management in general is to generate profit, but furthermore the management of the company is required to improve the welfare of the owners of the company or in this case the shareholders. To achieve these objectives, it is necessary to have ownership structures that can provide maximum supervision to managers in order to carry out their duties to improve the welfare of the owners of the company through increasing the value of the company. This is in accordance with the agency theory developed by Jensen Meckling stating that the manager as an agent delegated by the owner of the company to manage the company. In the process of managing the company, according to Jensen Meckling there is possible occurrence of agency problems, which arise because of the tendency of managers to not always make decisions that aim to meet the interests of principals or owners of the company to the fullest. To align the interests of managers and owners of the company so as to reduce agency problems, it is necessary to have a good ownership structure, capable of monitoring the performance of management in meeting the interests of the owner of the company. Therefore, this study would like to examine how ownership structures proxied with institutional ownership and managerial ownership can influence the value of firms that can ultimately have an impact on increasing shareholder wealth. This study tested 71 manufacturing companies listed on the Indonesian Stock Exchange in 2016 using multiple regression analysis techniques. The test results show the significant influence of variables with institutional ownership and managerial ownership of firm value, which shows that the ownership structure that allows the owner of the company to supervise the performance of the company's management can have an impact on the increase of company value.

scholarly journals PENGARUH STRUKTUR KEPEMILIKAN, KINERJA, DAN RISIKO TERHADAP KOMPENSASI EKSEKUTIF

PARAMETER ◽  
2019 ◽  
Vol 4 (2) ◽  
Author(s):  
Suroyo
Keyword(s):  
Data Analysis ◽  
Executive Compensation ◽  
Empirical Evidence ◽  
Ownership Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Sample Data ◽  
And Performance

This study aimed to obtain empirical evidence about the influence of ownerhip structure, risk, and performance to the executive compensation. The population of this study was all banking industries are listed in Indonesia Stock Exchange (ISX) in 2011-2013. Sample of this study selected by used purposive sampling method. There are 35 banking industries each year which fulfilled criterion as the research sample. Data analysis was perform by used statistic program, Smart-PLS version 3.0. The result of this study showed that ownership structure had no significantly influence to the executive compensation of banking industries in Indonesia. Meanwhile, the performance and the risk significantly influence to the executive compensation of banking industries in Indonesia.

scholarly journals Ownership Structure Characteristics and Firm Performance: A Conceptual Study

2014 ◽  
Vol 4 (2) ◽  
pp. 464 ◽  
Author(s):  
Ebrahim Mohammed Al-Matari ◽  
Abdullah Kaid Al-Swidi ◽  
Faudziah Hanim Fadzil
Keyword(s):  
Developing Countries ◽  
Firm Performance ◽  
Ownership Structure ◽  
Relevant Literature ◽  
Developed Countries ◽  
Managerial Ownership ◽  
Government Ownership ◽  
Ownership Structures ◽  
The Developed Countries ◽  
Conceptual Study

<h1>Abstract</h1><p>This study aims to offer a comprehensive description of the relevant literature that related to the association between the ownership structures namely, ownership concentration, managerial ownership, government ownership, foreign ownership and institutional ownership and firm performance. Ownership structure is among the corporate governance primary mechanisms. Ownership structure has been a target of many analysts and scholars alike for few decades but there is a lack of prior studies that examined these relationships in the developing countries. Additionally, there is few studies were trying to examine these factors together with firm performance in the developed countries but there is a rare research to test this association in the developing countries. So, the main objective of this study is to bridge this gap and try to enrich existing literature review. As we know, the ownership is to play a significant role to enhance performance through offer encouragement both in public and foreign investors to invest without concern on future risk. Moreover, it provides investors’ confidence to continue for achieving their target. Finally, this study offers many future recommendations as explained.</p>

scholarly journals Managerial ownership, capital expenditures, and firm performance: evidence from the Taiwan stock exchange

2008 ◽  
Vol 5 (4) ◽  
pp. 418-426
Author(s):  
Ching-Hai Jiang ◽  
Kuei-yuan Wang ◽  
Yen-Sheng Huang
Keyword(s):  
Firm Performance ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Interactive Effect ◽  
Capital Expenditures ◽  
Managerial Ownership ◽  
Empirical Results ◽  
Taiwan Stock Exchange ◽  
Using Data ◽  
The Relationship

This paper examines the relationship among managerial ownership, capital expenditures and firm performance using data of 359 firms listed on the Taiwan Stock Exchange over the period 1998-2005. The empirical results indicate a concave relationship between managerial ownership and future firm performance and a positive relationship between managerial ownership and capital expenditures. Moreover, for firms with larger capital expenditures, the interactive effect of managerial ownership and capital expenditures is significantly positively related to firm performance

scholarly journals Pengaruh struktur kepemilikan terhadap kinerja perusahaan manufaktur yang terdaftar di bursa efek Indonesia

2020 ◽  
Vol 2 (4) ◽  
pp. 186
Author(s):  
Neneng Wahida ◽  
Rahmiati Rahmiati ◽  
Yolandafitri Zulvia
Keyword(s):  
Firm Performance ◽  
Ownership Structure ◽  
Stock Exchange ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
Positive Effect

The purpose of this study is to examine the effect of ownership structure on the firm performance of manufacturing companies listed on the Indonesia Stock Exchange (IDX).  This research is a causative study. The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange for the period 2013-2018. This study uses secondary data published in the Indonesian Stock Exchange (IDX). Based on data collection, a sample of 75 companies from 144 listed manufacturing companies was obtained. The analytical method used is Multiple Regression using SPSS 24 data processing applications. The results of this study conclude (1) Family Ownership does not have a significant positive effect on firm performance (2) Managerial Ownership has a significant negative effect on firm performance (3) Institutional Ownership has a significant positive effect on firm performance (4) Foreign ownership does not have a significant positive effect on firm performance.  Keywords: Ownership structure, firm performance, Indonesia Stock Exchange.

scholarly journals Corporate ownership structure and firm performance: Evidence from the Netherlands

2008 ◽  
Vol 6 (2) ◽  
pp. 382-392
Author(s):  
Bart Frijns ◽  
Aaron Gilbert ◽  
Peter Reumers
Keyword(s):  
Firm Performance ◽  
Ownership Structure ◽  
Positive Relationship ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Corporate Ownership ◽  
Corporate Ownership Structure

This paper examines the relationship between corporate ownership structure and firm performance. For a sample of 100 Dutch firms listed on the Amsterdam stock exchange, we collect data on the shareholdings of the 5 largest shareholders and the total fraction of shares held by insiders. In addition, we collect information on the type of largest shareholder. Using a simultaneous equation model, estimated by three-stage least squares, to control for a potential endogeneity bias, we find a significant positive relationship between the holdings of the largest shareholder and firm performance. Likewise we find a significantly positive relationship for the stake held by insiders. Further testing provides some evidence that this relationship is nonlinear, i.e. at lower stakes insider ownership aligns management with shareholder, whereas at higher stakes entrenchment of management depresses performance. Splitting the sample into different types of owners provides some evidence that financials have a negative impact on performance, while other firms have a positive impact.

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