scholarly journals Governance, ownership structure, and performance of IPO firms: the impact of different types of private equity investors and institutional environments

2009 ◽  
pp. n/a-n/a ◽  
Author(s):  
Garry D. Bruton ◽  
Igor Filatotchev ◽  
Salim Chahine ◽  
Mike Wright
Energies ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1253
Author(s):  
Maja Piesiewicz ◽  
Marlena Ciechan-Kujawa ◽  
Paweł Kufel

Integrated reports combine financial and non-financial data into a comprehensive report outlining the company’s value creation process. Our objective is to find the completeness of disclosures, which is a crucial aspect of an integrated report’s quality. This study contributes to the integrated reporting examination by identifying quantitative and qualitative gaps when applying Integrated Reporting standards, focusing on the energy sector. We conducted the study on 57 published integrated reports of listed companies in Poland. The content of each report was examined for 49 features divided into eight areas. We identify the strengths and weaknesses of current reporting performance and the impact of the company’s sector on reports’ quality. We noted that there are significant differences among the areas. The major problems concern implementing IIRC’s framework on the connections between the business model and the organization’s strategy, risks, opportunities, and performance. Our research also noted that the level of specific disclosures might be related to a company’s ownership structure. We investigated the significance of differences among companies from the energy and non-energy sectors using statistical methods. As a result of the study, we obtained that disclosures’ completeness depends on the operation sector. The companies in the energy sector publish higher-quality integrated reports than companies in the other sectors.


2009 ◽  
Vol 7 (1) ◽  
pp. 138-150 ◽  
Author(s):  
Zhong Qin ◽  
Xin Deng

This paper explores the impact of ownership structure on performance of family businesses at its early developmental stage in a context of under-developed market environment. Using a survey data of 296 private family firms in Ningbo, China, we find both management and single largest shareholder’s ownership is positively related to firm’s performance. However, family’s shareholding does not have significant impact on performance. Further inquiry on firm’s willingness to give shares to managers who are not family members indicates that while nearly half of the firms are willing to provide shares to professional managers, weak corporate governance mechanism and under-developed market may discourage such practice.


2011 ◽  
Vol 08 (03) ◽  
pp. 513-534
Author(s):  
TAREK HELMY ◽  
ZEHASHEEM RASHEED ◽  
MOHAMED AL-MULHEM

Classification in the emerging field of bioinformatics is a challenging task, because the information about different diseases is either insufficient or lacking in authenticity as data is collected from different types of medical equipments. In addition, the limitation of human expertise in manual diagnoses leads to incorrect diagnoses. Moreover, the information gathered from various sources is subject to imprecision and uncertainty. Imprecision arises when the data is not validated by experts. This paper presents an adaptive Type-2 Fuzzy Logic System-based (FLS) classification framework for multivariate data to diagnose different types of diseases. This framework is capable of handling imprecision and uncertainty, and its classification accuracy and performance are measured by using University of California Irvine (UCI), well-known medical data sets. The results are compared with the most common existing classifiers in both computer science and statistics literatures. This classification is performed based on the nature of inputs (e.g., singleton or nonsingleton) and on whether uncertainty is present in the system or absent. Empirical results have shown that our proposed FLS classification framework outperforms earlier implemented models with better classification accuracy. In addition, we conducted empirical studies on this classifier regarding the impact of various parameters of FLS such as training algorithms and defuzzification methods.


2016 ◽  
Vol 12 (1) ◽  
pp. 31-44 ◽  
Author(s):  
Meliha Handzic ◽  
Kursad Ozlen ◽  
Nermina Durmic

A contingency perspective of knowledge management recognises the need for a fit between knowledge management solutions (KMS) and decision making contexts which they support. In order to determine the best fit, a field survey was carried out to investigate the impact of two different types of KMS (technical and social) on decision makers' behaviour and performance in different decision contexts (simple and complex). The results provide partial support for the contingency view. As expected, the study identified social KMS as the best fit for complex contexts, based on subjects' superior performance from comparable adoption of both KMS. In contrast, the study identified that both KMS were an equally good fit for simple contexts, based on similar levels of subjects' performance, but social KMS was preferred in terms of adoption. These findings contribute to much needed empirical evidence for research and provide useful guidance for practice. However, their limitations warrant further study.


2020 ◽  
Vol 17 (4, Special Issue) ◽  
pp. 308-318
Author(s):  
Stefan Lutz ◽  
Karim Hegazy ◽  
Ehab K. A. Mohamed ◽  
Mohamed A. K. Basuony

This paper aims at filling existing research by examining the impact of corporate governance and ownership structure on firm performance using cross-sectional data from companies in the MENA region for the years 2009-2013. The results indicate that higher ownership concentration is associated with higher returns. Furthermore, firms with higher international ownership share tend to perform better than those with only local private and/or state ownership. The results suggest some prevalent features with respect to ownership and performance of firms in the MENA region. Due to the volatile social and business environment, these firms operate in, they may be particularly dependent on effective ownership structures and support which may be provided by international, institutional, and large shareholders.


2007 ◽  
Vol 4 (3) ◽  
pp. 303-311
Author(s):  
Mahendra Raj ◽  
Mazida Abdul-Malik

This paper investigates the impact of firm type and ownership structure on agency costs in UK firms. Prior literature suggests that agency costs are significantly higher when an outsider manages the firm. In this paper, we examine the agency costs associated with different types of firms such as subsidiary, holding, foreign-owned and limited companies. We extend our analysis by examining the agency costs for firms with various levels of diffuse ownership. Consistent with the agency theory, we find that firms with single ownership incur lower agency cost. In addition, we find that the type of firm does contribute to the increase or decrease of agency cost


2007 ◽  
Vol 2007 (1) ◽  
pp. 1-5 ◽  
Author(s):  
IGOR FILATOTCHEV ◽  
GARRY BRUTON ◽  
SALIM CHAHINE ◽  
MIKE WRIGHT

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