scholarly journals Ownership Structure, Financial Constraints and Investment Decisions: Evidence from a Panel of Italian Firms

2007 ◽  
Author(s):  
Francesco Crespi ◽  
Giuseppe Scellato
Keyword(s):  
Ownership Structure ◽  
Financial Constraints ◽  
Investment Decisions

scholarly journals Kebijakan Dividen dari Perspektive Agency Cost Model (Studi Kasus Perusahaan yang Terdaftar di Bursa Efek Indonesia periode 2011-2013)

2016 ◽  
Vol 5 (1) ◽  
pp. 73
Author(s):  
Akhmad Hitten
Keyword(s):  
Cash Flow ◽  
Ownership Structure ◽  
Cost Model ◽  
Investment Decisions ◽  
Listed Companies ◽  
Agency Cost ◽  
Free Cash Flow ◽  
Dividend Policies ◽  
Main Model ◽  
Observation Period

The paper examines the influence of agency theory on dividend policies with free cash flow,maturity, capital structure, and ownership dividend variables. The sample used in this research isIndonesian listed companies with observation period from 2010 to 2013, and the data collectiontechnique used is data pooling or merging data. The data is analyzed with multiple linearregression analysis in SPSS program. The result of this study indicates that free cash flow,maturity, and ownership structure do not influence devidend policies, however capital structureinfluences dividend policies in Indonesian listed companies. The research also implies thatagency cost theory, as the main model of relevance dividend preposition, cannot explaindividend policies in Indonesian Companies. The investors cannot rely solely on dividend policiesin term of investment decisions in the future. 

scholarly journals Ownership structure, technology transfer and firm performance

2008 ◽  
Vol 6 (1-2) ◽  
pp. 268-277
Author(s):  
Bersant Hobdari ◽  
Evis Sinani
Keyword(s):  
Technology Transfer ◽  
Ownership Structure ◽  
Financial Constraints ◽  
New Technology ◽  
Market Competition ◽  
Sample Selection ◽  
Rent Seeking ◽  
Foreign Firms ◽  
Sample Selection Bias ◽  
Open Market

This paper contributes to the literature on corporate governance by providing evidence on the importance of owner identity on technology transfer from foreign firms. To this end we use a panel of Estonian firms for 1993-2002 and employ panel data techniques to avoid endogeneity and sample selection bias. We find that across different ownership groups only domestic outsiders benefit from spillovers of technology transfer. However, a large technology gap with foreign firms motivates all local firms to use their existing technology more efficiently and as such successfully cope with the increased open market competition. Furthermore, because of rent seeking and/or asset striping behavior insider owned firms, face financial constraints, and as such cannot invest in new technology as much as domestic outsider owned firms.

scholarly journals Struktur Kepemilikan dan Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

2021 ◽  
Vol 7 (2) ◽  
pp. 179-190
Author(s):  
Indra Siswanti ◽  
Embun Prowanta
Keyword(s):  
Ownership Structure ◽  
Consumer Goods ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Financial Reports ◽  
Financial Decisions ◽  
Processing Techniques

This study aims to examine the effect of ownership structure on firm value with financial decisions and investment decisions as intervening variables. This study uses secondary data from financial reports. The population used in this study are manufacturing companies in the consumer goods sector which listed on Indonesian stock exchange 2013-2019 of 35 (thirty five) companies. While the research sample was taken using certain criteria.The number of samples obtained are 7 (seven) companies. Data processing techniques using smartPLS 3.0. The results state: 1) ownership structure has a significant effect on firm value, 2) ownership structure has a significant effect on funding decisions, 3) ownership structure has a significant effect on investment decisions, 4) funding decisions has a significant effect on firm value, 5) investment decisions has a significant effect on firm value, 6) funding decisions mediate the effect of ownership structure on firm value, 7) investment decisions mediate the effect of ownership structure on firm value. The limitation of the results of this study is that the results of this study cannot be generalized because the objects used are limited to manufacturing companies in the consumer goods sub-sector.

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