Ownership Structure and Firm Performance: The Role of Managerial and Institutional Ownership-Evidence from the UK

نویسندگان

چکیده

The separation between ownership and control has been identified as the main cause of agency problem, resulting in a disparity interests agents those principals, consequently, there is an impact on performance. Corporate governance mechanisms are ways resolving problem at all levels. This study examines structure firm performance United Kingdom’s FTSE 350 companies from 2008-2018 fiscal years. Specifically, managerial institutional return asset, equity, Tobin’s Q measures were investigated. A panel data set 48 with 432 observations was analysed using descriptive statistics, correlation matrix, regression analysis. results revealed that significant positive without any entrenchment effect above 5%. showed variables percentage independent directors board increase firms’ performance, while women variable decreases These succinct contributions to extant literature

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The Impact of Corporate Social Responsibility and Influential Institutional Ownership the Firm Valuel

 This study examines the relationship between corporate social responsibility and Influential Institutional Ownership on the value of companies admitted to the Tehran Stock Exchange during the period of 2011-2017. By screening, 152 sample companies were identified. To test the hypothesis of the research, linear regression has been used based on panel data. The findings of this research show tha...

متن کامل

Ownership Structure and Firm Performance: Evidence from Taiwan

This paper examines the relationship between firm performance and ownership structure for listed and OTC manufacturing firms in Taiwan. By classifying ownership into three categories (managerial owners, institutional owners and the control group), the study addresses two related empirical issues—the commonly examined piecewise and the Granger causality relationships between ownership and perfor...

متن کامل

Board Independence, Ownership Structure and Firm Performance: Evidence from Pakistan

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 market performance, while ROA, ROE has been used as accounti...

متن کامل

Ownership Structure and Export Performance: Firm-Level Evidence from Korea

The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from Korea, a classic example of successful export-oriented industrialization. While a large and growing empirical literature investigates the relationship between the ownership structure and overall performance of firms, ther...

متن کامل

Ownership Structure and Firm Performance: Evidence from Israel

The study examines the effect of ownership structure on firm performance. We distinguish between family firms, firms controlled by partnerships of individuals, concern controlled firms, and firms where blockholders have less than 50% of the vote. The empirical work analyzes data on 280 Israeli firms and employs the technique of Data Envelopment Analysis. It is found that ownermanager firms are ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: American Journal of Industrial and Business Management

سال: 2021

ISSN: ['2164-5167', '2164-5175']

DOI: https://doi.org/10.4236/ajibm.2021.117053