The Relationship between the Ownership Identity, Ownership Concentration and Firm Operating Efficiency: Evidence from China 2005-2012

2014 ◽  
Author(s):  
Krishna Reddy ◽  
Yin Yu
Keyword(s):  
Ownership Concentration ◽  
Operating Efficiency ◽  
The Relationship

More or More of the Same: Ownership Concentration and Media Diversity in Egypt

2021 ◽  
pp. 194016122110251
Author(s):  
Zahraa Badr
Keyword(s):  
Public Sphere ◽  
State Ownership ◽  
The State ◽  
Ownership Concentration ◽  
Private Ownership ◽  
Media Diversity ◽  
Content Diversity ◽  
The Media ◽  
The Relationship

The Egyptian media has witnessed various changes in the ownership spectrum after the 2011 revolution. To explore this evolution, and through the Habermasian lens, this study examined ownership concentration in the 2019 media sphere in Egypt by mapping media outlets and their owners. It also investigated the relationship between this concentration and content diversity in a sample of print outlets in the first quarter of 2019. Three patterns of ownership concentration in the Egyptian media were identified: concentrated state ownership, concentrated private ownership, and not concentrated private ownership. Based on these findings, I argue that the media sphere in Egypt is dominated by a few gatekeepers, mostly the state, that influence content diversity and jeopardize the democratic public sphere in postrevolution Egypt.

Board financial expertise and foreign institutional investment: the moderating role of ownership concentration

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shoukat Ali ◽  
Ramiz Ur Rehman ◽  
Bushra Sarwar ◽  
Ayesha Shoukat ◽  
Muhammad Farooq
Keyword(s):  
Institutional Investors ◽  
Boards Of Directors ◽  
Random Effect ◽  
Ownership Concentration ◽  
Institutional Investment ◽  
Content Type ◽  
Financial Expertise ◽  
Foreign Institutional Investors ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to empirically investigate the impact of board financial expertise on the shareholding of foreign institutional investors in an emerging equity market of China and to explore whether ownership concentration moderates the relationship between board financial expertise and foreign institutional investment. Design/methodology/approach To test the hypothesized relationships, this study uses panel data regression models, i.e. static (fixed effect and random effect) and dynamic (two-step generalized methods of moments) models. Further, to control the possible endogeniety issue, this study uses two instrumental variables, namely, board size and industry average financial expertise of board to proxy board financial expertise. This study covers a period from 2006 to 2015 for 169 listed Chinese firms. Findings The results revealed that foreign institutional investors positively perceived board financial expertise and holds more shareholdings with the increasing level of financial experts at boards of directors. Moreover, ownership concentration positively moderated this relationship. It means that in highly concentrated firms, the board financial expertise conveys a stronger signal to foreign institutional investors that firms can manage financial resources rationally by controlling negative effects of ownership concentration. Further, the robustness model also confirmed the relationship between board financial expertise and foreign institutional shareholdings. Originality/value To the best of authors’ knowledge, this is the first study to investigate board-level financial expertise as a determinant of foreign institutional ownership. Further, no previous study has used ownership concentration as a contextual variable on the relationship between board financial expertise and foreign institutional investment.

scholarly journals Nonlinear Relationship Between the Yield of Solar-Induced Chlorophyll Fluorescence and Photosynthetic Efficiency in Senescent Crops

2020 ◽  
Vol 12 (9) ◽  
pp. 1518
Author(s):  
Leizhen Liu ◽  
Wenhui Zhao ◽  
Qiu Shen ◽  
Jianjun Wu ◽  
Yanguo Teng ◽  
...  
Keyword(s):  
Chlorophyll Fluorescence ◽  
Imaging System ◽  
Field Measurements ◽  
Maximum Efficiency ◽  
Operating Efficiency ◽  
Nonlinear Relationship ◽  
Diurnal Changes ◽  
Psii Photochemistry ◽  
Leaf Level ◽  
The Relationship

It has been demonstrated that solar-induced chlorophyll fluorescence (SIF) is linearly related to the primary production of photosynthesis (GPP) in various ecosystems. However, it is unknown whether such linear relationships have been established in senescent crops. SIF and GPP can be expressed as the products of absorbed photosynthetically active radiation (APAR) with the SIF yield and photosystem II (PSII) operating efficiency, respectively. Thus, the relationship between SIF and GPP can be represented by the relationship between the SIF yield and PSII operating efficiency when the APAR has the same value. Therefore, we analyzed the relationship between the SIF yield and the PSII operating efficiency to address the abovementioned question. Here, diurnal measurements of the canopy SIF (760 nm, F760) of soybean and sweet potato were manually measured and used to calculate the SIF yield. The PSII operating efficiency was calculated from measurements of the chlorophyll fluorescence at the leaf level using the FluorImager chlorophyll fluorescence imaging system. Meanwhile, field measurements of the gas exchange and other physiological parameters were also performed using commercial-grade devices. The results showed that the SIF yield was not linearly related to the PSII operating efficiency at the diurnal scale, reflecting the nonlinear relationship between SIF and GPP. This nonlinear relationship mainly resulted from the heterogeneity and diurnal dynamics of the PSII operating efficiency and from the intrinsic diurnal changes in the maximum efficiency of the PSII photochemistry and the proportion of opened PSII centers. Intensifying respiration was another factor that complicated the response of photosynthesis to the variation in environmental conditions and negatively impacted the relationship between the SIF yield and the PSII operating efficiency. The nonlinear relationship between the SIF yield and PSII efficiency might yield errors in the estimation of GPP using the SIF measurements of senescent crops.

scholarly journals The Association of Board Composition, Intellectual Capital and Firm Performance in a High Ownership Concentration Context: Evidence from Italy

2016 ◽  
Vol 11 (10) ◽  
pp. 317 ◽  
Author(s):  
Stefania Veltri ◽  
Romilda Mazzotta
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Ownership Structure ◽  
Capital Market ◽  
Ownership Concentration ◽  
Board Composition ◽  
Firm Efficiency ◽  
Management Literature ◽  
Sophisticated Model ◽  
The Relationship

<p>The association of Corporate Governance (CG) with Firm Performance (FP) has always been an issue relevant to management literature. Nevertheless, the notable heterogeneity of studies and their mixed results highlight the opportuneness of continuing to investigate the association of CG with FP. The article aims to contribute to this research by building and employing a sophisticated model to take into account beyond the  board composition ownership structure and firm efficiency in using its intellectual capital (as measured by VAIC<sup>TM</sup>). The findings provide evidence that the board composition, the ownership concentration and the efficiency of intellectual capital increases firm efficiency in producing profits (as measured by ROA). Furthermore, our findings add knowledge to the relationship between CG and FP, by confirming a positive relationship in Italy, a continental European capital market under-investigated on this issue.</p>

Don’t “Waste” Your Time! The Effects of Time Series Errors in Management Research: The Case of Ownership Concentration and Research and Development Spending

1993 ◽  
Vol 19 (4) ◽  
pp. 897-914 ◽  
Author(s):  
Donald D. Bergh
Keyword(s):  
Time Series ◽  
Research And Development ◽  
Longitudinal Analysis ◽  
Fortune 500 ◽  
Ownership Concentration ◽  
Management Research ◽  
Clear Cut ◽  
Longitudinal Effects ◽  
Development Spending ◽  
The Relationship

The potential effects of “time series errors” in longitudinal analysis are examined empirically. Using a common hypothesis (the relationship between ownership concentration and research and development (R&D) spending) and a panel of 183 Fortune 500 firms (I 985-l 988) several time series errors are calculated. These analyses are then contrasted with the results of a procedure protected from time series errors. Comparisons show that (I) results may depend upon how researchers define and measure longitudinal effects; (2) time series errors can have significant effects on empirical findings; and (3) the linkage between ownership concentration and R&D may not be as clear-cut as previous studies have suggested. Recommendations for how researchers should account, save, and tell their time are offered.

Corporate disclosure of human capital via LinkedIn and ownership structure

2017 ◽  
Vol 18 (1) ◽  
pp. 102-127 ◽  
Author(s):  
Sabrina Pisano ◽  
Luigi Lepore ◽  
Rita Lamboglia
Keyword(s):  
Human Capital ◽  
Ownership Structure ◽  
Ownership Concentration ◽  
Quantitative Methodology ◽  
Corporate Disclosure ◽  
Content Type ◽  
The Relationship ◽  
Stock Of Knowledge ◽  
Practical Implications

Purpose The purpose of this paper is to investigate the relationship between ownership concentration and human capital (HC) disclosure released via LinkedIn. Design/methodology/approach This study uses a quantitative methodology. The sample is composed of 150 European companies. Content analysis was used to examine HC disclosure via LinkedIn. Regression analysis was used to test the hypothesis. Findings The results indicate that ownership concentration negatively influences HC disclosure via LinkedIn, confirming that closely held firms have little motivation to voluntarily release information. Research limitations/implications The main limitation of this study relates to the sample size. Furthermore, this study investigates only the quantity of HC disclosure; it does not consider the quality of this information. Practical implications The typical ownership structure of European firms generates a force that opposes the growing pressure for internationalization and global transparency. This important issue needs to be considered in investor decisions, HC management and reporting and in setting accounting standards. Moreover, the study points out that, despite the potential opportunities provided by LinkedIn to build and enforce relationships with their stakeholders, companies mainly use LinkedIn for recruitment purposes. Originality/value This study contributes to the literature on HC disclosure because it is, to the best of the authors’ knowledge, the first study that exclusively examines HC disclosure by European companies via LinkedIn and because it develops a disclosure index that includes items concerning the stock of knowledge and capabilities of employees in addition to the practices in human resource management.

scholarly journals Ownership Concentration and Economic and Financial Performance in Latin-American Companies

2018 ◽  
Vol 4 (4) ◽  
pp. 1
Author(s):  
Tarcísio Pedro da Silva ◽  
Maurício Leite ◽  
Jaqueline Carla Guse ◽  
Tania Cristina Chiarello
Keyword(s):  
Financial Performance ◽  
Latin American ◽  
Ownership Structure ◽  
Ownership Concentration ◽  
American Depository Receipts ◽  
Publicly Traded ◽  
Linear Combinations ◽  
Depository Receipts ◽  
Relationship Of ◽  
The Relationship

The study examined the relationship of ownership concentration in the economic and financial performance of publicly traded Latin American companies possessing American Depository Receipts (ADRs). Generally, the capital structure decisions are tied directly to the results of the organizations, thus reflecting the economic and financial performance. The correlation between the set of variables within the group of ownership structure with the group of economic and financial performance showed significant correlation with the linear combinations, when analyzed in the set of all the samples of companies and taken separately by country. However, the results did not show similar correlation to Venezuela, Colombia and Peru due to the existence of few observations. The results also portrayed a significant correlation within economic and financial performance, higher to Mexican companies, when compared with the results of other countries and among the set of the two groups of variables that highlighted the analysis by ownership structure and economic and financial performance as well.

Sign in / Sign up

Export Citation Format

Share Document