Changes in ownership structure and bank efficiency in Asian developing countries: The role of financial freedom

Lin, Kun-Li; Doan, Anh‐Tuan; Doong, Shuh-Chyi

doi:10.1016/j.iref.2015.10.029

Cited by 69 publications

(44 citation statements)

References 59 publications

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“…This implies that government-controlled companies tend to improve their performance, through the use of controlling benefits to monitor managers effectively and to collect important information (Shleifer and Vishny 1986;Grossman and Hart 1980;Borisova et al 2012). Our finding is consistent with previous studies (Faccio et al 2006;Chahrumiind et al 2006;Chaney et al 2011;Ben-Nasr 2016;Lin et al 2016).…”

Section: Resultssupporting

confidence: 91%

“…They also point out that too little government ownership may not be good for firm performance. Moreover, Lin et al (2016) indicate a positive relationship between government ownership of banks and cost efficiency in 12 Asian countries with more financial freedom.…”

Section: Ownership Types and Fund Performancementioning

confidence: 97%

“…Government ownership is the percentage of shares owned by a government agency (Chen et al 2006;Liang et al 2013;Fan et al 2013;Lin et al 2016). A governmentcontrolled company is a dummy variable that is equal to 1 if the largest shareholder is a government agency and 0 otherwise (Fan et al 2007;Kwak et al 2009;Zhang, 2009;Liu et al 2019).…”

Section: Ownership Structurementioning

confidence: 99%

See 2 more Smart Citations

Does ownership structure affect performance? Evidence from Chinese mutual funds

Mamatzakis

2020

Rev Quant Finan Acc

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This paper examines the impact of ownership structure on Chinese mutual fund performance and market share. We focus on two dimensions of ownership structure, namely the background of the owners and the degree of ownership concentration. Using a hand-collected dataset comprising 731 observations for 94 fund management companies over the period from 2005 to 2015, we provide evidence with panel estimation shows that the government ownership ratio and government-controlled companies have a positive effect on funds' performance. On the other hand, foreign ownership has a negative impact on performance and market share. Having a higher ownership concentration is more likely to increase the company's market share, whereas government-controlled companies experience a negative impact on their market share.

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Section: Resultssupporting

confidence: 91%

Section: Ownership Types and Fund Performancementioning

confidence: 97%

Section: Ownership Structurementioning

confidence: 99%

See 1 more Smart Citation

Does ownership structure affect performance? Evidence from Chinese mutual funds

Mamatzakis

2020

Rev Quant Finan Acc

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“…We follow recent cross-country studies (e.g. Doan, Lin, & Doong, 2018;Lin, Doan, & Doong, 2016) that account for differences arising from country-specific aspects of regulatory conditions, financial freedom, credit information and other macroeconomic conditions by including the indicators of these environmental factors in a more comprehensive definition of a common frontier. 6.…”

Section: Resultsmentioning

confidence: 99%

The effects of risks and environmental factors on bank cost efficiency: A study in East Asia and Pacific region

Phan

Daly

Doan

2018

Cogent Economics & Finance

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The interrelationship between risks and bank efficiency has received much attention in banking literature for years, especially after the Asian financial crisis in 1997 and the global financial crisis (GFC) in 2008. This study collected and analyzed the data of 247 banks of 12 developed and developing economies in East Asia and Pacific area over the 2003-2012 period to find the empirical evidence for that relationships. Using a stochastic frontier approach (SFA) to estimate bank cost efficiency, we found that there are significant relationships among risks, cost efficiency and environmental factors, but they are in different levels when comparing between developed and developing economies, or between the periods of pre-and post-2008 financial crisis.

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“…In addition, the political theory argues that governmental pursuit of political intentions (e.g., employment rate, bribes) can reduce public enterprise efficiency (Shleifer & Vishny, 1998). Both theories shape an expectation that state‐owned firms tend to be inferior in performance due to non‐profit motivations and resource misallocation for political purposes, especially in countries with high economic uncertainty (Huang, Jiang, Liu, & Zhang, 2011; Lin, Doan, & Doong, 2016).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Economic uncertainty, ownership structure and small and medium enterprises performance

Doan

Tran

2020

Australian Economic Papers

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This paper investigates the effect of economic uncertainty on the performance of small and medium enterprises (SMEs) over the period 2007-2016. This paper also examines the effects of ownership structure on the relation between Economic Uncertainty and firm performance. We find that an increase in economic uncertainty is negatively associated with the performance of SMEs. Our results also reveal that increased economic uncertainty is associated with a lower performance level for state-owned SMEs, whereas foreign-owned SMEs can better mitigate the negative impact of on their performance than domestic-owned firms.

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Changes in ownership structure and bank efficiency in Asian developing countries: The role of financial freedom

Cited by 69 publications

References 59 publications

Does ownership structure affect performance? Evidence from Chinese mutual funds

Does ownership structure affect performance? Evidence from Chinese mutual funds

The effects of risks and environmental factors on bank cost efficiency: A study in East Asia and Pacific region

Economic uncertainty, ownership structure and small and medium enterprises performance

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