Examining the association between Board characteristics, ownership structure and performance : The case of companies listed on the Egyptian Stock Exchange

2016 ◽  
Vol 20 (8) ◽  
pp. 53-106
Author(s):  
Ekramy said Mokhtar
Keyword(s):  
Ownership Structure ◽  
Stock Exchange ◽  
Board Characteristics ◽  
And Performance ◽  
Egyptian Stock Exchange

scholarly journals The Relationship between the Ownership Structure, Capital Structure and Performance

2018 ◽  
Vol 1 (25) ◽  
pp. 1 ◽  
Author(s):  
Ali Al-Thuneibat
Keyword(s):  
Capital Structure ◽  
Ownership Structure ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Return On Assets ◽  
Service Companies ◽  
Concentrated Ownership ◽  
And Performance ◽  
The Relationship

This paper aims at providing an empirical evidence concerning the relationship between the ownership structure, capital structure and financial performance of the shareholding companies listed in Amman Stock Exchange (ASE). To measure the ownership structure, the researcher used four variables including foreign, institutional, managerial and concentrated ownership. The capital structure is measured by using the leverage, and the performance is measured by using the return on assets (ROA). To achieve the objectives of the study, a sample of 86 firms from the industrial and service companies listed in ASE during the period 2010 and 2014 is used. The results of the study showed that the relationship between ownership structure in general, and performance is positive and statistically significant, however, the results showed that the various types of ownership structure have different types of relationships with performance. More specifically, there is a negative impact of institutional and foreign ownerships on the performance and positive impact of concentrated and managerial ownerships. The results also revealed that there is a positive impact of the financial leverage on the relationship between ownership structure and firm performance. The findings of the study provide implications to the regulators, investors and managers in Jordan to take into consideration the environment-specific factors when developing corporate regulations and encourage concentrated and managerial ownership because they have positive impact on performance.

scholarly journals Analyzing Board Characteristics, Ownership Structure and Company Characteristic to CSR Disclosure

2021 ◽  
Vol 10 (1) ◽  
pp. 62-70
Author(s):  
Asyifa Dea Kirana ◽  
Andrian Budi Prasetyo
Keyword(s):  
Ownership Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Annual Reports ◽  
Board Characteristics ◽  
Board Of Director ◽  
Sustainability Reports ◽  
Csr Disclosure ◽  
Director Ownership ◽  
Sustainability Report

This study aims to analyze the effect of board characteristics, ownership structure and company characteristics on CSR disclosure. The population of this study are non-financial companies that listed on the Indonesia Stock Exchange (IDX) which issues sustainability reports separately from the annual report for the year 2017-2018. Based on the purposive sampling method as a method of data collection, a total of 20 non-financial companies have published sustainability reports separately from the annual reports for 2017 and 2018 respectively. Multiple regression analysis used to test the research hypotheses. The results of this study indicate that the proportion of women on the board, board of director ownership concentration, profitability and leverage negatively affect the CSR, while the rest of variables does not affect the CSR disclosure. Keywords: CSR disclosure; board characteristics; ownership structure; company characteristics; sustainability report

scholarly journals The Effect of Corporate Governance and Ownership Structure on Financial Performance of Listed Companies in Nepal

2019 ◽  
Vol 12 (1) ◽  
pp. 1-18
Author(s):  
Surya Bahadur G. C. ◽  
Ravindra Prasad Baral
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Least Squares ◽  
Ownership Structure ◽  
Stock Exchange ◽  
Listed Companies ◽  
Ownership Concentration ◽  
Data Set ◽  
Listed Firms ◽  
And Performance

The paper attempts to analyze relationships among corporate governance, ownership structure and firm performance in Nepal. The study comprises of panel data set of 25 firms listed at Nepal Stock Exchange (NEPSE) covering a period of five years from 2012 to 2016. The econometric methodology for the study consists primarily of least squares dummy variable (LSDV) model, fixed and random effects panel data models and two-stage least squares (2SLS) model. The study finds bi-directional relationship between corporate governance and performance. Among corporate governance internal mechanisms; smaller board size, higher proportion of independent directors, reducing ownership concentration, improving standards of transparency and disclosure, and designing appropriate director compensation package are important dimensions that listed firms and regulators in Nepal should focus on. Ownership concentration is found to have positive effect on performance; however, it affects corporate governance negatively. This study raises understanding and provides empirical evidence for endogenous relationship between corporate governance and performance and offers support for principal-principal agency relationship. The results of this study lead to several practical implications for listed firms as well as policymakers of Nepal in promoting sound corporate governance practices and codes. For listed companies, the improvement in compliance with a code of corporate governance or voluntary adoption of best practices can provide a means of achieving improved performance.

scholarly journals Ownership, control and performance in the most actively traded companies on Stockholm stock exchange. A comparison between 1999 and 2001

2006 ◽  
Vol 4 (1) ◽  
pp. 146-155 ◽  
Author(s):  
Per-Olof Bjuggren ◽  
Helena Bohman
Keyword(s):  
Ownership Structure ◽  
Firm Value ◽  
Stock Price ◽  
Stock Exchange ◽  
Ownership Concentration ◽  
Inside Ownership ◽  
The Subject ◽  
And Performance ◽  
The Relationship ◽  
Ownership Control

The relationship between ownership, control and firm value is the subject matter studied. The study is essentially empirical. Data about the most actively traded non-financial companies on the Stockholm Stock Exchange is used. A comparison is made between the years 1999 and 2001. What do the relationships between firm value and different ownership characteristics like ownership concentration, foreign ownership and inside ownership look like? Do these characteristics differ between the booming year of 1999 and the recession year of 2001? Is there a relation between stock price and ownership structure? These are the three main questions addressed in the study.

scholarly journals PENGARUH STRUKTUR KEPEMILIKAN, KINERJA, DAN RISIKO TERHADAP KOMPENSASI EKSEKUTIF

PARAMETER ◽  
2019 ◽  
Vol 4 (2) ◽  
Author(s):  
Suroyo
Keyword(s):  
Data Analysis ◽  
Executive Compensation ◽  
Empirical Evidence ◽  
Ownership Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Sample Data ◽  
And Performance

This study aimed to obtain empirical evidence about the influence of ownerhip structure, risk, and performance to the executive compensation. The population of this study was all banking industries are listed in Indonesia Stock Exchange (ISX) in 2011-2013. Sample of this study selected by used purposive sampling method. There are 35 banking industries each year which fulfilled criterion as the research sample. Data analysis was perform by used statistic program, Smart-PLS version 3.0. The result of this study showed that ownership structure had no significantly influence to the executive compensation of banking industries in Indonesia. Meanwhile, the performance and the risk significantly influence to the executive compensation of banking industries in Indonesia.

scholarly journals Corporate governance and ownership structure in Brazil: causes and consequences

2008 ◽  
Vol 5 (2) ◽  
pp. 36-54 ◽  
Author(s):  
Pablo Rogers ◽  
Anamélia Borges Tannús Dami ◽  
Kárem Cristina de Sousa Ribeiro ◽  
Almir Ferreira de Sousa
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Ownership Structure ◽  
Stock Exchange ◽  
Ordinary Least Squares ◽  
Public Companies ◽  
Main Determinant ◽  
Internal Mechanism ◽  
Market Instability ◽  
And Performance

The literature indicates that, mainly in countries with high stock concentration, the ownership structure is an important internal mechanism of control of the corporate governance, with effects in the companies’ value and performance. In Brazil, the existing relationship among corporate governance - ownership structure - performance is still not conclusive. The present study investigates if there is any relationship among ownership structure, financial performance and value in the Brazilian nonfinancial public companies with stocks negotiated in the São Paulo Stock Exchange, between the period of 1997 to 2001, as well as the determinant of the level of concentration of the ownership in these companies. In the empiric investigation it was used a multiple regression analysis through the estimators of the Ordinary Least Squares with heteroscedasticity in accordance with White (1980). Concerning the used methodology, the results indicate that the variables of ownership structure as defined do not have influence on the financial performance and value of the companies. Remaining to the determinant of the ownership structure of the Brazilian non-financial public companies, the results indicate that the ownership structure can be explained by the size of the firm, market instability and regulation, being the latter the main determinant of the ownership structure.

scholarly journals The Extent of the Impact of the Ownership Structure on the Cash Flows of the Service Shareholding Companies Listed on the Amman Stock Exchange

Webology ◽  
2021 ◽  
Vol 18 (2) ◽  
pp. 1152-1168
Author(s):  
M. Rasha Nuri Latif
Keyword(s):  
Cash Flow ◽  
Public Service ◽  
Ownership Structure ◽  
Stock Exchange ◽  
Cash Flows ◽  
Amman Stock Exchange ◽  
And Performance ◽  
Level Of Significance ◽  
Service Businesses ◽  
The Impact

The study aimed to identify the extent of the impact of the ownership structure on the cash flows in the service businesses registered on the Amman Stock Exchange. While the study sample included (25) service businesses registered on the Amman Stock Conversation for the period between (2010-2019), and the study used the descriptive and analytical approach. The results showed that there is a statistically significant effect at the level of significance (α 0.05) of the ownership structure on the cash flow of Jordanian joint-stock service businesses The attendance of a statistically important result at the equal of significance (α 0.05) for the concentration of ownership on the cash flow of Jordanian public service shareholding companies, as the study recommended on the work of Jordanian companies to focus on the percentage of foreign owners by providing many advantages to investors such as obtaining more profits in If the percentage of their investment in companies increased in order to raise the level of work and performance of companies for the better.

scholarly journals Ownership structure and corporate performance: Australian evidence

2008 ◽  
Vol 6 (2) ◽  
pp. 114-131
Author(s):  
Julian Fishman ◽  
Gerard Gannon ◽  
Russell Vinning
Keyword(s):  
Least Squares ◽  
Ownership Structure ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Ordinary Least Squares ◽  
Equation Model ◽  
Management Entrenchment ◽  
Prior Literature ◽  
And Performance ◽  
The Relationship

This paper seeks to analyse the relationship between ownership structure and corporate performance for fifty firms listed on the Australian Stock Exchange during 2002-2003. The study initially tests a two equation model similar to that in the existing literature, but is distinguished from prior literature by subsequently reclassifying leverage. By categorising leverage as an endogenous variable, an examination of the relationship between ownership and performance is undertaken through ordinary least squares and two stage least squares analysis of a three equation econometric model. Interestingly, empirical results illustrate the fact that managerial ownership impacts negatively on firm performance which is consistent with the management entrenchment hypothesis

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