This paper investigates the relationship of ownership structure and corporate performance of China’s listed property companies. Data from all the listed property companies on China’s stock market from 2000 to 2002 to study ownership concentration, type of controlling shares and their relation to corporate performance. The methodology applied is the conventional ordinary least square (OLS) model...

We investigate the agency costs of corporate ownership structure and the role of audit committees in mitigating their effect. Using China as a laboratory, where audit committees are voluntary, we study the demand for and value relevance of audit committees conditional on the various agency costs of corporate ownership. Audit committees complement existing internal governance systems by reducing...

I analyze the effect of long-term relations on the property rights theory of the firm when agents’s actions affect the structure of the game. In this setting, renegotiation proof relational contracts exists. Single ownership dominates joint ownership when the discount factor is very high or very low, however there exists a mid-region where joint ownership becomes optimal. Joint ownership has a ...

The vast majority of research on the relationship between corporate governance and strategic management focuses on the impact of corporate governance on strategic management. In this article we propose a cyclical model, highlighting that strategic decisions can also affect corporate governance through shaping firm ownership structure. We discuss the impacts of strategic decisions on firm owners...

The paper examines the impact of ownership structure on company economic performance in the largest companies from 12 European nations. Ownership structure is measured by the identity and share of the largest owner. Performance is measured by return on assets, market to book values and sales growth controlling for industry, capital structure and nation effects. We find evidence of a bell-shaped...

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...

journal of accounting advances (j.a.a) vol. 2, no. 2, fall & winter 2010, ser. 59/3     extended abstract   an investigation of agency theory and signaling theory in dividend policies: the role of institutional investors   dr. g. r. karami         dr. s. mehrani               h. eskandar tehran university   introduction        dividend has a special position among decision makers. dividend poli...

This paper examines whether and how ownership structure affects the trade credit policies in smalland medium-sized firms (SMEs) using a sample obtained from a survey of Chinese enterprises. Specifically, we examine how ownership concentration affects SMEs’ use of trade credit through influencing the availability of bank credit. We also examine whether the ownership of the ultimate controller in...

Home ownership differentials are both a consequence and a cause of social inequality in the United States. Differences in income, wealth, education, family structure, and racial identity all contribute to differences in home ownership, and differential home ownership opportunities help sustain differences in wealth, education, access to jobs, and overall quality of life. In particular, home own...