The Influence of Ownership Structure on the Corporate Performance of Malaysian Public Listed Companies

2008 ◽  
Vol 25 (2) ◽  
pp. 195-208 ◽  
Author(s):  
Tee Chwee Ming ◽  
Chan Sok Gee
Keyword(s):  
Ownership Structure ◽  
Corporate Performance ◽  
Listed Companies

scholarly journals The Relationship between Corporate Performance and Ownership Structure: Evidence from Turkey

2015 ◽  
Vol 5 (2) ◽  
pp. 9-18
Author(s):  
Hicabi Ersoy ◽  
Ayben Koy
Keyword(s):  
Ownership Structure ◽  
Significant Relationship ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Listed Companies ◽  
Main Hypothesis ◽  
Statistical Population ◽  
Istanbul Stock Exchange ◽  
Negative Effect ◽  
The Relationship

This study investigates the effects of ownership structure on the performance of the listed companies in Borsa Istanbul Stock Exchange 30 Firms (BIST 30). The main hypothesis of our study is that there is a significant relationship between companies' performances and their ownership structures.The statistical population includes 19 non-financial companies in the period of years between 2008 and 2013. The results show that the concentration of the large shares of companies one or a few share holders has a negative effect on related firm’s performance.

CEO Tenure in Taiwanese Family and Nonfamily Firms: An Agency Theory Perspective

2006 ◽  
Vol 19 (1) ◽  
pp. 11-28 ◽  
Author(s):  
Wen-Hsien Tsai ◽  
Jung-Hua Hung ◽  
Yi-Chen Kuo ◽  
Lopin Kuo
Keyword(s):  
Agency Theory ◽  
Ownership Structure ◽  
Family Firms ◽  
Corporate Performance ◽  
Listed Companies ◽  
Ceo Turnover ◽  
Ceo Tenure ◽  
Board Ownership

This study investigated the tenure of CEOs in a sample of 304 listed companies in Taiwan; 63 firms were family controlled, 241 were not. The results show that CEO turnover is significantly lower in family firms and its relationship to corporate performance is negative. CEO ownership and board ownership are not significant in explaining the length of family CEO tenure. These findings imply that family boards can still effectively replace the CEO despite relatively low ownership. From the ownership structure perspective, this study suggested that the agency theory is applicable for nonfamily firms in Taiwan, but unsuitable for family firms.

scholarly journals Corporate performance and boards’ dilemma of listed subsidiaries

2013 ◽  
Vol 10 (4) ◽  
pp. 130-147 ◽  
Author(s):  
Emiliano Di Carlo ◽  
Francesco Ranalli
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Financial Performance ◽  
Ownership Structure ◽  
Corporate Performance ◽  
Listed Companies ◽  
The Impact ◽  
The Relationship ◽  
Parent Companies

The paper focuses on listed companies controlled by other (listed or not listed) entities. The decisionmaking power of listed subsidiary’s boards could be strongly influenced by (or instead could be autonomous from) the parent companies’ board. However, so far literature on corporate governance seems not to have considered adequately this aspect as well as the impact of that influence on listed companies’ financial performance and on corporate governance variables. The main objective of this paper is to explore how and why this phenomenon is relevant, giving some preliminary suggestions on the interpretation of the ownership structure, board demography and the financial performances of directed listed subsidiaries. In order to explore the relevance of the phenomenon, we use a sample of Italian listed companies controlled and consolidated by other companies for the year 2010. The analysis shows that 71.4% (145 firms) of Italian non-financial listed companies are consolidated by the respective controlling entities and 24.1% (35 firms) of these listed subsidiaries declare to be directed by their parents. Thus, they are not independent economic entities and the effort to study the relationship between corporate governance variables and firm performance could be strongly biased.

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