government ownership
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Author(s):  
Phan Hoang Long Phan

This paper examines the relationship among aspects of bank ownership complexity, including ownership dispersion and type, and the quality of bank loan portfolio. The data used for analysis is an unbalanced panel consisting of 13 listed commercial banks in Vietnam for the period of 2010 - 2019. The non-performing loan (NPL) ratio is used as an indicator of loan quality. The results showed that ownership dispersion, calculation based on the Herfindahl–Hirschman Index of large shareholding, improves the loan quality. Foreign ownership is also found to have positive impact on the loan quality. However, there is no relationship established between government ownership and loan quality.


2021 ◽  
Vol 6 ◽  
Author(s):  
Joshua Smith

In this essay, I examine the 2016 takeover of Malheur National Wildlife Refuge. The principal instigators of this occupation, the Bundy family of Nevada, pointed to federally owned public lands as the primary reason for their takeover, citing the allegedly unconstitutional government ownership of these lands. I contend that the Bundys’ arguments about public lands exemplify rhetorical strategies that further one of the primary ends of settler colonialism; the remaking of land into property to better support white settlers’ claims to that land. I hold that the Bundys remake land by defining the land’s meanings following the logics of settler colonialism in three specific ways: privatization, racialization, and erasure. First, I examine the family’s arguments about the constitutionality of federal land ownership to show how the Bundys define public lands as rightfully private property. Second, I examine the ways that the Bundys racialize land ownership and how, in conjunction with arguments about property rights, the family articulates land as the domain of white settlers. Third, I discuss how the Bundys further colonial logics of Native erasure. That is, the family defines land in ways that portray Native Americans as having never been on the land, and as not currently using the land. I argue that these three processes render meanings of land––as private property, colonized, and terra nullius––that rhetorically further the operation of settler colonialism.


2021 ◽  
Vol 14 (12) ◽  
pp. 577
Author(s):  
Yaseen Al-Janadi

This paper applies a meta-analysis method to investigate the moderating impact of political stability on the relationship between ownership identities and firm performance in the Middle Eastern countries (i.e., the Arab World). The study collected 105 correlations from 46 previous studies with 11,999 observations in 11 Middle Eastern countries. The findings show that most ownership identities such as institutional ownership, government ownership, inside ownership, and family ownership have positive relationship with firm performance. Another interesting finding shows that in countries with political instability, the level of ownership identities such as institutional ownership, foreign ownership, and inside ownership play an important role in controlling companies, which leads to firm performance. The meta-analysis results reveal that different levels of political stability have an impact on the role of the majority shareholders. The findings provide evidence that the performance of ownership identities in the Middle Eastern countries remains effective, especially with the existence of fair protection rights and political stability.


2021 ◽  
Vol 4 (2) ◽  
pp. 229-245
Author(s):  
Astian Yosi Meilani ◽  
Siti Nur Azizah ◽  
Hadi Pramono ◽  
Bima Cinintya Pratama

This study aims to show empirical evidence of the effect of managerial ownership, institutional ownership, foreign ownership and government ownership on intellectual capital performance as the dependent variable. This study relates the influence between these variables by expanding the concept and understanding of Resource-Based Theory, Agency Theory and Stakeholder Theory. The sample in this study is the mining sector companies listed on the Indonesia Stock Exchange in 2016-2019 using purposive sampling technique, namely selecting samples with certain criteria to get more valid results. The data analysis technique used is the classical assumption test, then the results are analyzed using multiple regression analysis to prove the influence between variables by utilizing an accurate SPSS application. The results of this study indicate that institutional ownership and foreign ownership have a positive effect on intellectual capital performance in mining companies, while managerial ownership and government ownership do not show any effect on intellectual capital performance in mining companies in Indonesia. This research contributes to the theory and practice of companies in the conduct of business. However, this study has not been able to prove the influence of managerial and government ownership on intellectual capital performance, so that further research can consider other corporate sectors whose managerial and government ownership is quite dominant.


2021 ◽  
pp. 100018
Author(s):  
Alhassan Mansaray ◽  
Simeon Coleman ◽  
Ali Ataullah ◽  
Kavita Sirichand

2021 ◽  
Vol 13 (3) ◽  
pp. 253-291
Author(s):  
Kam Hon Chu

Based on Becker, Kane, Niskanen, and Peltzman’s ideas, we develop a model to explain why deposit insurance is adopted even though policymakers are aware of its pitfalls in both theory and practice. In our model, the regulator acts as both a bureaucrat and an entrepreneur to maximize his self-interest through administering a deposit insurance scheme. The theory postulates that adoption of deposit insurance is more likely under the following conditions: the scheme is (i) publicly administered and (ii) privately funded, with (iii) non-risk rated insurance premium and (iv) compulsory membership; and there is (v) a larger deposit market with (vi) at least two groups of banks (good vs. bad), (vii) lower government ownership of banks, and (viii) higher economic freedom, such that one group exerts its political influence and gains from deposit insurance. Empirically our theory is supported by the stylized facts, cross-country binary-choice regression results and a case study of Canada.


Author(s):  
Mayowa Gabriel Ajao ◽  
Jude Osazuwa Ejokehuma

This study investigates the effect of ownership structure on the financial performance of listed manufacturing firms in three Sub-Saharan Africa countries (Nigeria, Kenya and South–Africa) based on the critical mass indices of their respective bourse. Relevant data from the financial reports of sampled firms were analyzed using the co-integration test and the system-GMM for a period 2010-2019 using Return on Asset, and Tobin-Q as dependent variables while government ownership, block ownership and institutional ownership concentrations were explanatory variables. The empirical results revealed that all the explanatory variables have significant effect on the performance indicators (ROA, TOBIN Q). The result of robustness checks also revealed that both government and institutional ownership concentrations have predominately negative effect on financial performance for the respective countries while block ownership concentration is largely positive for most of the manufacturing firms. The study recommends that policy makers should create favorable policies to encourage balanced investment from all categories of investors and ensure only few owners who have the wherewithal to diversify and attract skills and competencies to improve firm performance. Government should also retain some ownership in foreign and local firms to enhance shareholders’ confidence


2021 ◽  
Vol 3 (1) ◽  
pp. 178-196
Author(s):  
Andri Marfiana ◽  
Toto Andriyanto

Tax avoidance is a strategy that companies can take to reduce their tax payments. The purpose of this study is to look at the effects of family, foreign, and government ownership on tax avoidance. This study also tries to identify the effect of corporate governance on tax avoidance by companies with family, foreign, and government ownership. Corporate governance is seen from the existence of multiple large shareholders (MLS), independent commissioners, and audit quality by BIG 4-affiliated public accounting firms. Tax avoidance is measured using the effective tax ratio (ETR) and book tax different (BTD). The population of this study is a company listed on the Indonesia Stock Exchange for the period 2017-2019. The research sample was selected using purposive sampling technique which resulted in 141 companies for analysis. The results of this study indicate that family, foreign, and government ownership have a positive effect on tax avoidance. The existence of MLS in companies with family and foreign ownership causes a negative effect on tax avoidance. The existence of auditors from KAP Big 4 does not reduce the possibility of companies with family, foreign and government ownership involved in tax avoidance practices. Meanwhile, the existence of independent commissioners does not have a significant effect on the relationship between family, foreign, and government ownership on tax avoidance.


2021 ◽  
Author(s):  
Po-Hsuan Hsu ◽  
Hao Liang ◽  
Pedro Matos

In a 2010 special report, The Economist magazine termed the resurgence of state-owned, publicly listed enterprises “Leviathan Inc.” and criticized the poor governance and low efficiency of these firms. We compile a new comprehensive data set of state ownership of publicly listed firms in 44 countries over the period of 2004–2017 and show that state-owned enterprises are more responsive to environmental issues. The effect is more pronounced in economies lacking energy security and strong environmental regulation, and among firms with more local operations and higher domestic government ownership. We find a similar effect on corporate social engagement but not on governance quality. These results suggest a different role for “Leviathan Inc.,” especially in dealing with environmental externalities. This paper was accepted by Management Science Special Issue on Business and Climate Change.


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