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
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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